S&P 500 pulls back from record as investors eye oil prices and Iran deal developments: Live updates
The S&P 500 and Nasdaq Composite rallied yet again to new intraday and record closing highs on Wednesday.
Iran war threatens jet fuel shortage that could disrupt summer travel in Asia and Europe
Oil executives have warned that the supply disruption in the Middle East will soon cause actual fuel shortages in some parts of the world.
Stocks making the biggest moves midday: AMD, Corning, Arm Holdings, Cencora, Uber & more
Here are the stocks making headlines in midday trading.
Anthropic, SpaceX announce compute deal that includes space development
Anthropic has signed a deal with SpaceX, which owns rival xAI, to use all of the compute capacity at the company’s Colossus 1 data center in Memphis, Tennessee.
Airlines spent 56.4% more on jet fuel in month after Iran war started, U.S. government says
U.S. airlines spent 56.4% more on jet fuel in March than they did in February, U.S. government data released Wednesday shows.
Dow surges 600 points, S&P 500 posts first close above 7,300 as traders hope for Iran deal: Live updates
Stocks rose on Wednesday following a report that the U.S. and Iran were nearing an agreement to end the war.
Apollo CEO Rowan warns of market correction, slams ‘egregious’ practices at rival insurers
Apollo CEO Marc Rowan warned that markets face an elevated risk of unexpected shocks, saying he is positioning the firm defensively for an expected correction.
Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging
Uber and Disney pointed to a resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips.
AMD’s Su explains what’s behind massive forecast change as stock roars 19% on earnings
CEO Lisa Su highlighted the growing demand for central processing units, doubling her long-term forecast after strong first-quarter earnings.
Private payrolls rose by 109,000 in April, topping expectations, ADP says
The report provided more evidence of a stable labor market and less incentive for the Fed to lower interest rates.
