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Wall Street varies as oil rises and bank earnings loom
Wall Street indices were affected by mixed performance as investors continued to watch for corporate earnings reports and US inflation data. The Nasdaq declined by 0.44%, impacted by a fall in electronic chip stocks, while the S&P 500 remained stable and the Dow Jones rose, supported by gains in the energy sector. Oil prices jumped by about two dollars per barrel following attacks on Riyadh Airport, which dampened hopes for abundant supplies. This led to mixed movements across markets amid expectations of major bank earnings results and recent disclosures on inflation and retail sales. Companies like Microsoft and Salesforce experienced significant upgrades and movements, while Cheabotly's stock declined after denying reports of a Starbucks acquisition.
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