Oil prices rise, but not by enough to drag Wall Street far off its records - BNN Bloomberg
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Article Excerpt
NEW YORK — Oil prices rose Monday following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn’t very worried, and U.S. stocks ticked to more records.
The S&P 500 added 0.3 per cent to its prior all-time high set on Friday. The Dow Jones Industrial Average rose 46 points, or 0.1 per cent, and the Nasdaq composite climbed 0.4 per cent to likewise set records.
A slight majority of U.S. stocks actually fell, including companies with big fuel bills hurt by higher oil prices. United Airlines lost 2.6 per cent, and Alaska Air Group fell 3.3 per cent after the price for a …
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