Wall Street: Oil price approaching $100 mark – AI stocks propping up Wall Street
Oil prices and high bond yields are putting pressure on Wall Street. The renewed escalation in the Middle East is weighing on markets, AI stocks are rising.
The US stock market is set for a mixed start to the week, amid ongoing concerns over the oil price. Military clashes between the US and Iran, as well as Huthi attacks on Saudi Arabian energy facilities, have driven the price of Brent crude to nearly $100 per barrel. The US bond market also remains under pressure, with yields on 10-year and 30-year government bonds at around 4.8% and 5.27% respectively.
Meanwhile, Apple is set to hold a product event, with HSBC expecting the launch of a foldable iPhone Ultra, potentially priced at a premium of at least $100.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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