US stocks rise within 0.5% of their record, even as oil prices keep climbing
US stocks are nearing record highs despite a continued climb in oil prices.
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The brief
US stocks have risen to within 0.5% of their record levels. This upward movement occurs simultaneously with rising oil prices.
Coverage from the Los Angeles Times and AP News emphasizes the proximity to record highs amid climbing oil costs. Barron's reports that the market rally is gathering pace as earnings season begins, while CNBC notes that stock futures remain little changed.
Market participants are currently awaiting the release of labor data and retail sales figures.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 43m ago.
Quick answers
How close are US stocks to their record?
They are within 0.5% of their record.
What other economic factors are influencing the market?
Oil prices are continuing to climb and earnings season is ramping up.
What data are traders currently waiting for?
Traders are awaiting retail sales and labor data.
Coverage (4)
- Stock Futures Jump. Market Rally Gathers Pace as Earnings Season Ramps Up. Barron's · 4h ago
- Stock futures are little changed as traders await retail sales and labor data: Live updates CNBC · 4h ago
- Stocks rise within 0.5% of their record, even as oil prices keep climbing Los Angeles Times · 4h ago
- US stocks rise within 0.5% of their record, even as oil prices keep climbing AP News · 4h ago
Topics
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