Stock market today: Wall Street climbs ahead of a big week for Big Tech earnings as oil tumbles

NEW YORK — U.S. stocks are approaching their records ahead of a big week for profit reports from Big Tech companies. Oil prices are tumbling after Israel attacked Iran, hitting primarily military targets and not oil production facilities as some predicted. The S&P 500 was 0.5% higher in early trading Monday. The main measure of the U.S. stock market is coming off its first losing week in the last seven, but it’s still near its all-time high set earlier this month.

Prices for crude spiked globally on Oct. 2 after Iran fired nearly 200 missiles into Israel, an escalation of attacks between Israel and Iran and its Arab allies that threatened to push the Middle East closer to a regionwide war. Among the companies scheduled to report earnings this week are Ford, McDonald's, and most major tech companies, including Alphabet, Meta, Microsoft, Amazon and Apple.

The U.S. Federal Reserve raised its benchmark interest rate to its highest level in two decades in an effort to tame inflation back to 2%, without sinking the economy into a recession. In currency trading, the U.S. dollar rose to 152.59 Japanese yen from 152.24 yen. It was trading at 140-yen levels last month. The euro cost $1.0827, up from $1.0803.

All told, the ruling coalition with junior partner Komeito secured 215 seats, down sharply from the majority of 279 it previously held, according to Japanese media.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street slides as Treasury yields climb back above 4%NEW YORK (AP) — U.S. stocks slid after Treasury yields hit their highest levels since the summer and oil prices continued to climb. The S&P 500 fell 1% Monday, though it’s still close to its all-time high set a week ago.
Source: SooToday - 🏆 8. / 85 Read more »

Wall St Week Ahead Investors look to earnings to support record-high stock pricesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Nvidia stock rises to intraday record high as Wall Street stays bullish ahead of earningsNvidia stock hit an all-time intraday high Monday as Wall Street analysts raised their price targets on the AI chipmaker.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Wall St Week Ahead Stocks rally faces gauntlet of tech earnings, jobs data, electionThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Stock market today: Wall Street rallies following a burst of hiring in SeptemberNEW YORK (AP) — U.S. stocks are rallying on a rush of optimism after a report showed employers went on a stronger spree of hiring last month. The S&P 500 was 0.7% higher in early trading Friday and pulling toward its all-time high set on Monday.
Source: SooToday - 🏆 8. / 85 Read more »