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Stocks Supported by Easing Middle East Tensions
['Rich Asplund', 'August', 'Min Read']
Yahoo Finance
The outlook for strong Q2 earnings is a bullish factor for stocks.
Stocks are gaining as the latest signs of easing tensions in the Middle East push crude oil prices sharply lower and allay fears about faster inflation.
The slump in crude oil also knocked bond yields lower and supported stocks.
Sep T-notes are climbing today amid today's slump of more than -6% in WTI crude oil prices, suppressing inflation expectations.
US Stock MoversAirline stocks and cruise line operators are moving higher with today's -6% plunge in crude oil prices.