Home / banks / “The Seattle Times” : Stocks hold steady as oil prices slide further; banks rise

“The Seattle Times” : Stocks hold steady as oil prices slide further; banks rise

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Benchmark U.S. oil fell 56 cents, or 1.1%, to $49.72 a barrel in New York.
The Standard & Poor’s 500 index rose 4 points, or 0.2%, to 2,367 as of 9:55 a.m. Eastern time.
EXCESS ENERGY: Crude oil prices continued to slip after the U.S. government reported a huge buildup in fuel stockpiles early Wednesday.
The Russell 200 index of smaller-company stocks rose 2 points, or 0.2%, to 1,368.
U.S. stock indexes are slightly higher Thursday morning as interest rates continue to move higher and banks climb with them.

according to

The Russell 200 index of smaller-company stocks rose 2 points, or 0.2 percent, to 1,368.
KEEPING SCORE: The Standard & Poor’s 500 index added 4 points, or 0.2 percent, to 2,367 as of 9:55 a.m. Eastern time.
EXCESS ENERGY: Crude oil prices continued to slip after the U.S. government reported a huge buildup in fuel stockpiles early Wednesday.
Higher bond yields mean higher interest rates on loans, which can translate into higher profits for banks.
NEW YORK (AP) — U.S. stock indexes are slightly higher Thursday morning as interest rates continue to move higher and banks climb with them.

Stocks hold steady as oil prices slide further while banks rise

Stocks hold steady as oil prices slide further while banks rise*/

according to

Stocks little changed as oil falls, banks rise

Stocks little changed as oil falls, banks rise*/

Japan’ benchmark Nikkei 225 index climbed 0.3 percent as a weaker yen lifted shares of exporters.
OVERSEAS: Britain’s FTSE 100 index sank 0.6 percent while Germany’s DAX and the CAC 45 in France were both little changed.
Benchmark U.S. oil fell 56 cents, or 1.1 percent, to $49.72 a barrel in New York.
EXCESS ENERGY: Crude oil prices continued to slip after the U.S. government reported a huge buildup in fuel stockpiles early Wednesday.
Higher bond yields mean higher interest rates on loans, which can translate into higher profits for banks.

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