Oil prices climbed after government data showed US oil inventories fell across the board, bolstering hopes for increased fuel demand in the world’s biggest economy. — Reuters pic
Recently battered technology stocks reclaimed leadership on Wall Street and the benchmark S&P 500 ended near record highs, even as US Treasury Secretary Steven Mnuchin said the White House and top Democrats in Congress may not reach a deal on coronavirus aid. The S&P ended within 6 points of its closing record high of 3,386.15. The index slipped on Tuesday after seven straight days of gains.
The 10-year US Treasury last fell 5/32 in price to yield 0.6731 per cent, from 0.658 per cent late on Tuesday, after relatively strong demand greeted a record offering on benchmark notes by the Treasury.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US stocks open mostly higher on Trump tax cut idea | Malay MailNEW YORK, Aug 11 — US stocks started today’s session with further gains, boosted by news of a Russian Covid-19 vaccine and by President Donald Trump floating the idea of cutting capital gains taxes. Lower taxes on selling investments like stocks will usually set investors cheering, but the...
Source: malaymail - 🏆 1. / 86 Read more »
Asian stocks fall on US stimulus uncertainty | Malay MailTOKYO, Aug 12 — Asian stocks dipped today on growing uncertainty over whether the US lawmakers would agree on an additional round of big fiscal stimulus to support an economy still struggling with the novel coronavirus. Hopes of vaccine development, however, prompted some investors to reduce...
Source: malaymail - 🏆 1. / 86 Read more »
Global stocks tick up as China industrial data offsets trade woes, oil rises | Malay MailNEW YORK, Aug 11 ― Stocks across the globe were little changed yesterday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over tensions between Washington and Beijing. Technology stocks fell after a run of recent gains, while crude oil...
Source: malaymail - 🏆 1. / 86 Read more »
Oil stocks boost FTSE 100 as China data signals recovery | Malay MailLONDON, Aug 11 ― London-listed shares ended off session highs yesterday as the number of Covid-19 cases in Britain surged, while hopes of more global stimulus and some upbeat data kept alive expectations of an economic rebound. After gaining as much as 1.2 per cent, the commodity-heavy FTSE 100...
Source: malaymail - 🏆 1. / 86 Read more »