Oil prices climb back toward US$100, but U.S. stocks hang near their records

Bloomberg06-03

Oil prices are rising back toward $100 per barrel, but U.S. stocks are nevertheless holding near their records. The S&P 500 edged down by 0.1 per cent Wednesday from its all-time high. The Dow Jones ...

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The Dow Jones ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/markets/dow-jones/2026/06/03/oil-prices-climb-back-toward-us100-but-us-stocks-hang-near-their-records/\">Source Link</a>\n\n</div>\n","source":"bnn_bloomberg_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil prices climb back toward US$100, but U.S. stocks hang near their records</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil prices climb back toward US$100, but U.S. stocks hang near their records\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-03 21:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/markets/dow-jones/2026/06/03/oil-prices-climb-back-toward-us100-but-us-stocks-hang-near-their-records/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oil prices are rising back toward $100 per barrel, but U.S. stocks are nevertheless holding near their records. The S&P 500 edged down by 0.1 per cent Wednesday from its all-time high. 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It rose after the U.S. military said Iran fired missiles toward Kuwait and Bahrain, which failed to hit their targets. But strong profit reports from U.S. companies and continued excitement around AI are keeping Wall Street near its all-time highs.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Early trading on Wall Street is mixed and oil prices moved higher after the U.S. and Iran traded attacks, testing a ceasefire even further, though Japan’s Nikkei 225 index topped 68,000 for the first time.Futures for the S&P 500 fell 0.1 per cent before the opening bell, while futures for the Dow Jones Industrial Average edged 0.3 per cent lower. Nasdaq futures rose 0.2 per cent.S&P 500 market updates hereMacy’s jumped 3 per cent after the iconic New York department store easily surpassed first-quarter profit forecasts and raised its outlook. It was the fourth consecutive quarter of comparable sales gains for Macy’s, which said an overhaul of its merchandise and better customer service is resonating with customers.GameStop, the video game retailer and “meme” stock darling, jumped 13.6 per cent after it nearly doubled Wall Street’s profit expectations and announced a $2 billion stock buyback.The broader market’s rally in recent months has been largely due to strong profit reports from U.S. companies and to hopes that the U.S. and Iran will reach a deal to reopen the Strait of Hormuz. That would allow oil to flow freely again from the Persian Gulf and hopefully lower its price, which has added costs for consumers and businesses.Following a two-week retreat, oil prices have resumed their climb, jumping 10 per cent already this week. On Wednesday, U.S. benchmark crude oil advanced $2.16 to $95.22 per barrel.Brent crude oil, the international standard, climbed $2.22 to $98.22 per barrel Wednesday.Stay on top of your portfolio with real-time data, historical charts and the latest news on oilAt midday in Europe, Germany’s DAX lost 1 per cent, the CAC 40 in Paris fell 0.4 per cent and Britain’s FTSE 100 shed 0.3 per cent.In Asia, Japan’s Nikkei 225 gained 2.5 per cent to 68,402.13. Shares in computer chip equipment maker Tokyo Electron gained 13.4 per cent, while those for chip testing equipment maker Advantest gained 5.1 per cent.Hong Kong’s Hang Seng lost 1.6 per cent to 25,633.21, while the Shanghai Composite index added 0.2 per cent to 4,083.97.Australia’s S&P/ASX 200 advanced 0.7 per cent to 8,785.70.Taiwan’s Taiex gained 2 per cent, while in India, the Sensex lost 0.9 per cent.Markets in South Korea were closed for a holiday.By Elaine Kurtenbach And Matt Ott","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640907055","isCrawlerRequest":true}