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Markets Rally on Oil Dip and Oracle | Wilmington News
Description
Markets are rallying ahead of Friday’s session, fueled by easing oil prices and strong earnings from Oracle. The S&P 500, Dow, and Nasdaq all climb as Brent crude drops 3%, relieving inflation pressure. Consumer prices rose 3.4% year-over-year, reinforcing bets the Fed will hike rates soon — reflected in a slight uptick in the 2-year Treasury yield. Longer-term yields dip, signaling confidence that rate hikes may tame inflation. Overseas markets mixed: Europe up, Asia down.
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