News

Oil prices sank, and stock markets burst higher worldwide with hopes that a deal is nearing to allow tankers to deliver crude from the Persian Gulf again. The price for a barrel of Brent fell below $102 Wednesday. On Wall Street, the S&P 500 climbed 1.5% and reached another record.

Space-related funds are seeing a surge of inflows as investors eagerly await the IPO of Elon Musk's SpaceX (SPAX.PVT). In the latest installment of Yahoo Finance's ETF Report, TMX VettaFi head of research Todd Rosenbluth to talk about the ETFs that could draw in the most investors — like the Procure Space ETF (UFO) — as interest in the broader space economy grows. Rosenbluth goes on to weigh in on prediction market ETFs that are set to launch.

By Lawrence Delevingne and Harry Robertson May 6 (Reuters) - Stocks advanced and oil prices dropped on Wednesday after a report that the United States and Iran are closing in on an agreement to end

Fresh off a record close on Tuesday, the Nasdaq was soaring to fresh highs on Wednesday after Advanced Micro Devices’ earnings report kept the chip rally rolling. The Dow was up 461 points, or 0.9%. The S&P and Nasdaq only need to close above yesterday’s level to establish new record closing highs.

May 6 (Reuters) - Wall Street's main indexes opened higher on Wednesday, extending their strong run on hopes of a potential U.S.-Iran peace agreement and sustained enthusiasm around artificial

Oil prices slipped and stocks advanced on hopes that the U.S. and Iran can avoid resuming their full-scale war. The United Arab Emirates said it was intercepting new attacks from Iran hours after the U.S. said Iran's latest military actions didn't rise to the level of violating the cease-fire. U.S. officials sought to play down the events of the past 24 hours, including Iran’s targeting of American warships and attacks on other vessels in the Strait of Hormuz.

With the Iran cease-fire still seemingly intact, oil prices retreated today, giving the market some room to run. The tech-heavy Nasdaq Composite rose 1%, while the The S&P 500 gained 0.8%. While there has been no real uptick in traffic through the Strait of Hormuz, the fact that the cease-fire remains in effect was enough to temper oil prices on Tuesday.

Oil prices slipped and stocks advanced on hopes that the U.S. and Iran can avoid resuming their full-scale war. The United Arab Emirates said it was intercepting new attacks from Iran hours after the U.S. said Iran's latest military actions didn't rise to the level of violating the ceasefire. U.S. officials sought to play down the events of the past 24 hours, including Iran’s targeting of American warships and attacks on other vessels in the Strait of Hormuz.

The Nasdaq hit new highs Tuesday. AI plays AMD, Astera Labs, Lumentum and Arista were earnings movers late.

The U.S. stock market rallied to more records after an easing of oil prices let Wall Street turn its focus back to the big profits that companies keep producing. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite gained 1%. Stocks got a boost after oil prices gave back much of their big jumps from Monday, and Brent crude fell 4%.

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively trad

Though investors are waiting for Elon Musk's company to pinpoint its stock market debut, there's a far more encompassing filing right around the corner.

US equity futures were trending higher on Tuesday as traders await a fresh batch of corporate earnin

Stocks were set to edge higher on Tuesday as investors looked past rising tensions in the Middle East and took the opportunity to buy the dip in equities following another batch of solid earnings reports. S&P 500 futures added 0.3% and contracts tied to the tech-heavy Nasdaq 100 gained 0.5%. The three major indexes all dropped on Monday after the United Arab Emirates said Iran was attacking it with missiles, sparking fears that the Middle East conflict could escalate after weeks of relative calm.

Things continue to look dicey for the U.S. economy and stock market.

By Rae Wee SINGAPORE, May 5 (Reuters) - Stocks in Asia slid on Tuesday while oil prices eased but remained well above $100 a barrel, as the U.S. and Iran continue to work towards a truce while at the

Oil prices fell as wary markets monitored a fragile US-Iran ceasefire in the wait for the latest rush of earnings.

U.S. stocks fell from their record heights, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran. The S&P 500 fell 0.4% Monday, coming off its latest all-time high. The Dow Jones Industrial Average dropped 1.1%, and the Nasdaq composite slipped 0.2%.

Cogent stock is looking like one of the stock market's biggest losers today.

The outgoing Fed chair put the spotlight of higher inflation squarely on the president's shoulders.

Despite a big pullback this week, FormFactor stock is up more than 350% over the last year.

An impending shift at America's foremost financial institution spells trouble for Wall Street.

Was Corning's pullback this week overdone?

Meta served up strong quarterly results, but investors saw some problem points in its latest report.

The April jobs report, earnings reports from major semiconductor companies, and a strong start to the month for US equities outline a busy week for investors.

Warsh's testimony before the Senate Banking Committee points to foundational changes at the Fed.

<body><p>STORY: U.S. stocks ended mostly higher on Friday, with the Dow the only outlier, dipping about three-tenths of a percent, while the S&P 500 gained about three-tenths of a percent and the Nasdaq climbed nine-tenths of a percent.</p><p>Both the S&P 500 and the Nasdaq logged their sixth consecutive week of gains, their longest weekly winning stretches since October of 2024.</p><p>It was a big week for corporate earnings, with five of the Magnificent Seven megacaps&nbsp;reporting.</p><p>Among them, Apple climbed more than 3% on Friday, a day after the tech giant provided a solid sales forecast, touting strong demand for its flagship iPhone 17 and the MacBook Neo.</p><p>Analysts now see overall first-quarter earnings growth of nearly 28% year-over-year, according to LSEG I/B/E/S Estimates.</p><p>That's an 11.7 percentage point increase from where the estimate stood a week ago, and marks the biggest earnings growth since the fourth quarter of 2021.</p><p>Melissa Brown is managing director of investment decision research at SimCorp.</p><p>"I think we're just seeing the continuation of this AI trade and maybe the complete ignoring of some of the other red flags that are out there - higher oil prices leading to higher inflation, you know, many other things that might give investors pause. But we're coming through a good earning season, particularly for some of these tech companies, and investors are, I guess, saying it's still time to buy there."</p><p>Among other movers, shares of Atlassian surged more than 29% after the enterprise software firm hiked its forecast. Peers Salesforce and ServiceNow also gained.</p><p>Shares of Reddit jumped 13% after the social media site gave an upbeat quarterly revenue forecast.</p><p>On the flip side, shares of Roblox tumbled more than 18% after the online game platform cut its annual bookings forecast.&nbsp;</p></body>