Electronic stock board
S&P 500 futures were flat and Nasdaq 100 contracts dipped after a record session, while Europe's Stoxx 600 ended a three-day rise as oil climbed on Middle East tanker attacks.
  • Finance

Stock rally pauses as tanker attacks lift oil

6 /10 3 min read
New York, United States

S&P 500 futures were flat and Nasdaq 100 contracts dipped after a record session, while Europe's Stoxx 600 ended a three-day rise as oil climbed on Middle East tanker attacks.


A stock rally stalled and global bonds fell on Wednesday as attacks on tankers in the Middle East pushed oil prices higher, Bloomberg reported in a markets wrap updated at 8:40 a.m. UTC.

Futures on the S&P 500 were unchanged after the index set a record. Nasdaq 100 contracts were down 0.2 percent. Europe's Stoxx 600 ended a three-day run of gains.

In Asia, SK Hynix fell nearly 3 percent ahead of a lockup expiry on its American depositary receipts, Bloomberg said. The wrap did not give a fresh Brent or WTI price in the summary lines.

The move follows a Tuesday session in which the S&P 500 and Nasdaq closed at records, according to a separate CNBC-TV18 report on that session. Wednesday's futures action is a pause, not a confirmed cash-session close.

Bloomberg tied the stall to oil and bonds, not to a single company earnings release.


Keywords & tags

  • S&P 500
  • oil
  • Strait of Hormuz
  • SK Hynix
  • Stoxx 600
  • finance
  • markets
  • united-states
  • oil

Source

Bloomberg's markets wrap was updated Wednesday morning as oil rose on reported tanker attacks.