NEW YORK (AP) — U.S. stocks inched to more records Wednesday after oil prices fell and eased the pressure on households and businesses worldwide.
The S&P 500 edged up by less than 0.1 per cent and added to its all-time high set the day before. The Dow Jones Industrial Average climbed 182 points, or 0.4 per cent, and the Nasdaq composite gained 0.1 per cent as both indexes also set records.
Stocks of companies with big fuel bills helped lead the way on hopes that lower oil prices will remove a big drag on their profits. Norwegian Cruise Line Holdings climbed 6.1 per cent, and United Airlines rallied 6.3 per cent. Delta Air Lines rose 3 per cent and set an all-time high.
The price for a barrel of Brent crude oil fell 4.6 per cent to US$92.25 after the ceasefire between the United States and Iran appeared to hold despite the U.S. military launching what it called “self-defense”…
