Crude oil prices extended their gains in early trade on Thursday, heading towards $100 a barrel, increasing investors’ fears high prices would stoke inflation. Brent crude added 0.4 per cent to trade at $96.98 per barrel, having earlier reached its highest level since November above $97, while US marker West Texas Intermediate gained 0.3 per cent to $93.94 after a weekly US government report indicated that stockpiles at a critical US delivery hub fell further. Oil prices have risen 35 per cent since June after some of the world’s biggest producers announced a series of supply cuts to last until the end of this year, adding to investors’ concerns over persistent inflation in the US and Europe.
On Monday, September 25, the U.S. stock markets gained, breaking a four-day losing streak. In the S&P 500, energy led with a 1.3% increase, followed by materials which rose by 0.8%. Consumer staples, however, declined by 0.4%. Investors are now looking to economic data and insights from the Federal Reserve to gauge potential interest rate trends. The Dow Jones Industrial Average increased slightly by 0.13%, closing at 34,006.88. The S&P 500 rose by 0.40%, ending at 4,337.44, while the Nasdaq Com
On Friday, September 22, the U.S. stock markets closed in the red following a turbulent week highlighted by 16-year highs in benchmark Treasury yields and a hawkish outlook from the Federal Reserve. The S&P 500 and the Nasdaq experienced their steepest week-to-week declines since March. Most sectors in the S&P 500 finished with losses. The Dow Jones Industrial Average dipped 0.31% to 33,963.84. The S&P 500 declined by 0.23%, settling at 4,320.06, and the Nasdaq Composite dropped 0.09% to close a