Rising oil prices, falling technology stocks and reversing bond yields keep Wall Street unsettled - BNN Bloomberg

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. NEW YORK — Some sharp reversals kept financial markets unsteady on Thursday, as oil prices rose and U. S. stock indexes finished mixed. The S&P 500 fell 0.5 per cent for a second straight loss after setting its all-time high. The Dow Jones Industrial Average added 51 points, or 0.1 per cent, and the Nasdaq composite fell 1.3 per cent as technology stocks took particularly hard hits. Stocks felt pressure from a 4.1 per cent rise in the price for a barrel of Brent crude oil, the international standard, to US$104.28. It’s been pinballing between US$96 and nearly US$110 over the last month on uncertainty about when the war with Iran will allow the global energy industry to return to normal. S&P 500 market updates hereBrent got to nearly US$106 in the morning before President Donald Trump sent its price veering after saying “productive discussions” are happening with Iran and that the U. S. military would not attack it before the upcoming U. S. elections in November. That briefly sent Brent toward US$103 before it eventually turned back upward.