politics
Wall Street and ASX Futures Rise as Oil Prices Fall on Tentative Iran Ceasefire Deal
U.S. stock indexes advanced after companies reported stronger profits and oil prices retreated following reports of a tentative 60-day extension of the Iran ceasefire. The S&P 500 reached a new record while futures pointed to a higher open for the Australian sharemarket.
May 28, 3:12 PM·1m read1 source
The Sydney Morning HeraldAudio version
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Wall Street indexes moved higher as several companies reported quarterly profits that exceeded analyst estimates and oil prices declined after reports of a tentative agreement to extend the ceasefire between the United States and Iran by 60 days. 6 per cent to a new record after trading in a narrow range earlier in the session. 1 per cent.
2 per cent after the retailer posted higher profit than expected and raised its full-year forecast. CEO Mike Creedon said improved store conditions helped the company increase profit per dollar of sales despite higher tariff costs. 5 per cent after both retailers reported quarterly results that beat analyst expectations.
5 per cent following stronger sales of its Jennie-O turkey and Spam products. 4 per cent after the company said artificial intelligence demand drove revenue and profit above forecasts. Salesforce shares declined 0.
U.S. 50. 4 per cent decline on Thursday. 48 per cent the previous day. A government report released Thursday showed new-home sales slowed last month as higher mortgage rates weighed on buyers.
