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EN
Nasdaq Composite Holds Nearly Flat Near 26,600 Amid Oil Swings and Geopolitical Caution
['Tony Jackson']
International Business Times Australia
Energy shares provided some support as oil prices moved higher on supply concerns, while technology and growth-oriented sectors faced selective pressure.
Oil markets remained a central focus.
Periods of optimism about potential agreements that could ease shipping constraints through critical waterways have coincided with softer oil prices and firmer equity indexes.
Rising oil prices have reintroduced an inflationary variable that central bankers will weigh carefully.
The early-session stability in the Nasdaq suggested that buyers remained willing to support the index near current levels while sellers tested the resolve of the recent uptrend.