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Stock impact report

Oil prices keep spurting higher, but US stocks hold near their records [Globe and Mail, The (Toronto, Canada)]

GE HealthCare Technologies Inc. (GEHC) 
But the U.S. stock market remained resilient despite that and hung around its record heights thanks to Visa and other companies reporting fatter profits than analysts expected. The S&P 500 edged down by 0.1%, a day after slipping from its latest all-time high . The Dow Jones Industrial Average was down 286 points, or 0.6%, with roughly a half hour to go in trading, and the Nasdaq composite was 0.1% higher. The action was more dramatic in the oil market, where the price for a barrel of Brent crude to be delivered in July jumped 5.8% to settle at $110.44 per barrel. That's where most of the trading is happening in the Brent market, and it got as high as $111.50 earlier in the day. The highest price since the war with Iran began is $119.50 for the most actively traded Brent contract, reached last month. On Wednesday, the price for a barrel of Brent crude to be delivered in June, which is getting less trading action than July's contract, briefly breached that mark and got as high as Show less Read more
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