US Stocks Rise as Oil Drops to Prewar Levels
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- US stocks rose as the Dow gained 100 points while the Nasdaq and S&P 500 inched up after a two-day tech slide, per WSJ live updates.
- Oil prices dropped to prewar levels, easing pressure on the broader market, though yields moved sharply in the same session.
Why it matters: Oil falling back to prewar levels removes a key inflation input that had been pressuring corporate costs and consumer prices, giving equities room to recover after a two-day tech-led selloff; lower energy costs also ease the squeeze on consumer spending that higher fuel prices had imposed.
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