Stocks Resilient Amid Iran War, Oil Prices Climb

0:00In Sydney, it's March 17th, here's what is happening. Oil prices are climbing again amid the war with Iran, but US stocks are staying resilient this time. The S&P 500 gains 0.4 percent, building on its strongest day since the conflict started. The Dow rose 151 points, or 0.3 percent, while the Nasdaq composite climbed 0.5 percent. Australian futures point to a 0.2 percent rise at the open. After the ASX advanced 0.4 percent Tuesday on a reserve bank rate. Hike. That move split the bank's board, sparking talk that more increases might not be locked in. The Aussie dollar sits at 71.14 US cents early this morning. Investors seem less worried about prolonged oil disruptions hurting the global economy, drawing on history where markets rebound fast from Middle East. Tensions if crew doesn't stay sky high. And shook off jet fuel worries. With Delta surging 7.2 percent on steady profit outlooks, lifting United by 3.8 percent.

1:03And Southwest by 3 percent. Uber jumped 5.9 percent on news of expanding its Nvidia tie-up for self-driving vehicles in Los Angeles and San Francisco next year. That countered a 3.2 percent drop in St. Cora shares after its chief financial officer announced retirement for June's end. Every yields dips slightly to 4.19 percent, but stay elevated, dimming hopes for quick Federal reserve ray cuts. The Fed speaks Wednesday with no cut expected, as Europe indexes rows and Asia ended mixed. Support for this episode comes from our sponsor. See the description. Headphones in a pillow, simple idea, surprisingly addictive, S-O-L-I-S-O-L-P-L-O dot com. Made in AI.