Wall Street holds near its record high even as oil prices climb [Investment Executive - News]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Investment Executive - News
The U.S. stock market is holding near its record high Thursday as Wall Street waits for more clues about what will happen in the Iran war before making its next big move. The S&P 500 rose 0.2%, a day after topping its prior all-time high set in January for its 10th gain in 11 days. The Dow Jones Industrial Average was up 70 points, or 0.1%, as of 1:48 p.m. Eastern time, and the Nasdaq composite was 0.4% higher. U.S. stocks have leaped more than 10% since hitting a low in late March, driven by hopes for an end to the war or something that could avert a worst-case scenario for the global economy. Now, the wait is on to see if such hopes were prescient or just wishful thinking. Pakistan's powerful army chief met Thursday with Iran's parliament speaker as part of efforts to press for an extension to a ceasefire that has paused almost seven weeks of war between Israel, the U.S. and the Islamic Republic. Oil prices climbed, showing that caution still remains in financial markets. T
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