Wall Street rises towards more records as oil prices slip
Wall Street edged closer to record highs as declining oil prices eased inflation concerns and boosted investor sentiment. Major indices gained ground, supported by strong corporate earnings and optimism around potential rate cuts. The drop in oil prices also provided relief for consumers and businesses grappling with high energy costs.
- ▪Wall Street approached record highs amid falling oil prices.
- ▪Lower oil prices helped ease inflation worries and supported market gains.
- ▪Strong earnings and expectations of rate cuts contributed to investor optimism.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at South China Morning Post.