Oil Prices Drop as Stocks Rally on Inflation Beat
Technology shares led a broad market rally on Tuesday as oil prices slid over 6 percent and inflation data showed wholesale prices cooled slightly. The S&P 500 rose 2.1 percent, the Dow gained 1.8 percent, and the Nasdaq jumped 2.9 percent amid hopes the Fed will curb rate hikes. Oil fell below 97 dollars a barrel as investors weighed energy demand risks and sanctions pressure from the Ukraine conflict. Airlines surged on upbeat revenue outlooks while Treasuries drifted lower in response to the softer inflation backdrop.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve
China
U.S
Hong Kong
Shenzhen
Ukraine
Russia
Thor Zhovkva
Fed
Treasury
American Airlines
Delta Air Lines
United Airlines
Tech
Raskin withdraws from Fed Board nomination amid Republican opposition
President Biden's nominee Sarah Bloom Raskin pulls her bid for the Fed's top banking regulator after Sen Manchin and all Republican senators oppose. Republicans accuse her of curbing bank lending to oil and gas. Democrats and bankers say her climate risk focus is mainstream. Powell remains acting chair as Brown says the panel will vote on other nominees. Equal Pay Day actions highlight gender pay gaps with new steps for federal workers and contractors.
MENTIONED IN THIS ARTICLE
Washington
Sarah Bloom Raskin
Federal Reserve
Board of Governors
Senate
West Virginia
Joe Manchin
Raskin
Fed
Joe Biden
Sarah
Senate Banking Committee
Pat Toomey
Pennsylvania
Reserve Trust
Federal Reserve Bank of Kansas City
Kansas City Fed
Toomey
Biden
Jerome Powell
Sherrod Brown
Cleveland Democrat
Banking Committee
Wall Street
Brown
Treasury
Labor Department
Office of Personnel Management
Jasmine Tucker
National Women’s Law Center
Tucker
White House
Brookings Institution
Kamala Harris
Harris
U.S
Janet Yellen
Also Mentioned on This Page
Stan Choe
Alex Veiga
Associated Press
COVID-19
Sam Stovall
CFRA
Federal Reserve Bank of New York
Fedrick Raskin
Manchin
the Market IN Review
Dow Jones
S&p
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
Nasdaq
Wilshire
Fussell
Naspaq
Sonendon
Coupastt
DiDi Gibn
SonimTers
JanOne
AM Phh
Medivn
BonNatLien
Alibaba
Sunwks
PrecBio
AmAirlines
Aldhiprd
Vale SA
Marygold ButtrNink
Origna H
Fordm
AMD
Kinross G
At&t Inc
Kohls
AcadSprts
LI Auto
Micront
Apple Incs
Microsoft
AstrSpc A
MultiAu
NokiaCp
CSX S
Carnival
NorthropGie Cedarf
Norw Cruis
Chevron
Nvidias
Cisco
OcciPet
CocaCola
OwensCorn
Petrobras
Delta Aira
Pfizer
DiDi Glbn
Pinduoduo
DraftKin
EggTrasfr
Reblox
ExelaTc Ag
Shrwins
ExxonMbl
Smucker
FirstEngy
Snapinc A GenElec Rs
SoFiTech
Grabhi An
Sundial H
GuardfrAl
Target
HomeDp
Transoen
HuntBnesh
Uber Tec
Qlyl
UtdAirlel
Ntel
VerizonCm
WalMart
Nvacare
Tauunh
WellsFargo Jd.com
Wendys Co
Jaguar
Xpeng
Kaival Hn
YumBrnds
Keycorp
Zynga
Exch
CME
NYMX
New York Mercantile Exchange
Chicago Board of Trade
Chicago Mercantile Sugar (World
ICE
Intercontinental Exchange
Mutua
AmrcnBalAm
CptWidGrincAm
FdmillavsAm
Grfamrca m
IncAmrcAm
Inccamrca m
NwPrspctvAm
Wamtinvsam
Dodge & Cox Inc
Dodge & Cox
Fidelity
Fidelity BC Growth
Fidelity Contrafund
T. Rowe Price Bcgr
Vanguard
Vanguard Intrteadmrl
Vanguard InsidxIns
Vanguard InsidxInsPlus
Vanguard IntGrAdmrl
Vanguard MdCpldxAdmrl
Vanguard PrmCpAdmrl
Vanguard Stinvmgrdadmrl
Vanguard Ttbmidxadmil
Doe
SEC
The
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!