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Falling oil prices help calm worries about inflation, and Wall Street rallies
['Abc News']
ABC News: US
(AP Photo/Yuki Iwamura)A trader works on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York.
(AP Photo/Yuki Iwamura)A trader works on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York.
(AP Photo/Yuki Iwamura)NEW YORK -- The U.S. stock market rallied to the edge of its all-time high on Monday after easing oil prices helped calm Wall Street’s worries that inflation could get even worse.
Monday’s ease in oil prices helped airlines and other companies with big fuel bills lead the market.
That’s imperative for Wall Street because stock prices tend to follow the path of corporate earnings over the long term, and worries were rising that U.S. stock prices may have broadly already shot too high.