The Nasdaq and S&P 500 soared to fresh records Friday, cheering mostly strong earnings from tech giants and continuing to shrug off the prolonged US-Iran war that has lifted oil prices.
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Oil prices struck a four-year high Thursday on worries about a resumption of hostilities in the Middle East, before slumping to end the day.
Oil prices shot higher Wednesday on concerns of an extended blockade of the Strait of Hormuz, while Wall Street stocks moved indecisively after a divided Federal Reserve kept interest rates unchanged.
Swiss banking giant UBS on Wednesday reported that net profit rose a better-than-expected 80 percent to $3 billion in the first quarter, lifted by its investment banking arm.
Finnish lift maker Kone on Wednesday announced the acquisition of its German rival TKE in a huge share-and-cash deal valuing TKE at 29.4 billion euros ($34.4 billion) to create a global giant.
Oil prices jumped on Tuesday to their highest level since the US-Iran ceasefire, pressuring US stocks as lack of progress on an accord to reopen the Strait of Hormuz added to inflation worries.
British energy giant BP on Tuesday reported a sharp increase in profits in the first quarter as crude oil prices soared amid the Middle East war.
Oil prices rose and stock markets moved unevenly on Monday as the prospect of Iran peace talks remained stalled, ahead of a week full of central bank decisions and corporate earnings.
Major Wall Street indices closed at fresh records as markets cheered the latest batch of earnings reports and US and Iranian officials headed to Pakistan for expected peace talks.
The Selma City Council took the steps to keep new dump trucks cycling through the city’s public works department.