Stocks Gain, Oil Prices Climb Amid Iran War

0:00In Anchorage, it's March 18th, and here's what is going on. Oil prices climbed again Tuesday amid the ongoing war with Iran, but US stocks showed more stability this time. The S&P 500 gained 0.2 percent, building on its strongest day since the conflict started. The Dow Jones industrial average rose 46 points or 0.1 percent, while the NASDAQ composite advanced 0.5 percent. This marks a shift from the typical pattern where rising oil moves against stocks. Benchmark, US crude, settled 2.9 percent higher at $96.21 per barrel. Brent Crude, the global benchmark, jumped 3.2 percent to $103.42, though both pulled back from earlier. Peaks. Airlines shares led the gains as higher jet fuel costs looked manageable. Delta Airlines stocks soared 6.6 percent after sticking to its profit outlook for early next year. United Airlines climbed 3.2 percent, Southwest 2.2 percent, and American Airlines 3.5 percent

1:04on better revenue. Expectations. Uber technologies surge 4.2 percent on news of expanding its self-driving vehicle partnership with NVIDIA, starting in Los Angeles and San Francisco next year, that helped counter a 3.2 percent drop in St. Cora's shares after his chief financial officer announced retirement for the end of June. US markets have historically rebounded fast from Middle East tensions if oil does not stay elevated too long. The S&P 500 sits just under 4 percent from its record high, even as 10-year treasury yields hovered near 4.20 percent. And the Fed signals no rate cut Wednesday. This episode is brought to you by our sponsor. Leave the episode description, relax deeper, reset faster, come for you can hear s-o-l-i-soli-pillo.com Made in AI