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The split between Wall Street and most U.S. households grew wider Friday, as U.S. stocks rose toward the finish of an eighth straight winning week, their best such streak since 2023.
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The Dow Jones Industrial Average hit an intraday record high on Friday, its first since the U.S.-Iran war began, as AI-driven trade and market optimism over negotiations to end the war lifted risk appetite.
Hour-to-hour swings for oil prices keep jerking financial markets around, and U.S. stocks wavered Thursday following the latest reversal.
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The European Union’s executive commission cut its growth outlook and predicted higher inflation due to sharply higher energy prices from the war in Iran — but said the economy will avoid an outright recession.
Markets in Toronto and New York were given a jolt Wednesday as oil prices fell after President Donald Trump said the U.S. and Iran could be nearing a deal to end the current war.
The U.S. stock market bounced back Wednesday after pressure eased on Wall Street from the bond market and oil prices gave back some of their big gains.
B.C. Premier David Eby says he’s looking for an equal level of enthusiasm from Prime Minister Mark Carney as he had for Alberta’s pipeline pitch and a lower carbon price.
Canada’s main stock index moved lower in trading, weighed down by losses in the battery and base metals sectors, while U.S. markets also fell.
The U.S. stock market gave back more of its record-setting rally Tuesday after bond markets rattled by high inflation cranked up the pressure.
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Oil prices swung Monday after a scare overnight where prices popped and then moderated, and the yo-yo moves kept stock markets worldwide unsettled.
Markets in Toronto and New York retreated on Friday as rising global oil prices and fears of higher inflation shook the global bond market.
The U.S. stock market fell from its records Friday and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market. Stocks that had been caught up in the euphoria around artificial-intelligence technology led the way lower.
