{"id":977980,"date":"2026-08-03T14:14:27","date_gmt":"2026-08-03T14:14:27","guid":{"rendered":"https:\/\/www.europesays.com\/us\/977980\/"},"modified":"2026-08-03T14:14:27","modified_gmt":"2026-08-03T14:14:27","slug":"falling-oil-prices-help-calm-wall-streets-inflation-worries","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/977980\/","title":{"rendered":"Falling oil prices help calm Wall Street’s inflation worries"},"content":{"rendered":"

By STAN CHOE, AP Business Writer<\/strong><\/p>\n

NEW YORK (AP) \u2014\u00a0Oil prices<\/a>\u00a0are easing on Monday and helping to calm Wall Street\u2019s worries that\u00a0inflation<\/a>\u00a0could potentially get even worse. That has U.S. stock indexes rising, but sharp swings are continuing to roil financial markets underneath the surface.<\/p>\n

The S&P 500 rose 0.6% following its\u00a0wild July<\/a>, where it swung\u00a0up<\/a>\u00a0and\u00a0down<\/a>\u00a0as oil prices shot higher because of the\u00a0war with Iran<\/a>\u00a0and worries grew about whether Big Tech\u2019s massive investments in\u00a0artificial-intelligence technology<\/a>\u00a0will translate into profits and whether\u00a0chipmaker stocks<\/a>\u00a0soared too high in the euphoria around AI.<\/p>\n

The Dow Jones Industrial Average was up 624 points, or 1.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.<\/p>\n

Some of the strongest action was in the oil market, where the price for a barrel of Brent crude fell 4.9% to $83.65. It dropped after President\u00a0Donald Trump<\/a>\u00a0said over the weekend that he\u00a0decided to hold off on ordering<\/a>\u00a0U.S. forces to carry out new strikes against Iran at the urging of allies in the region.<\/p>\n

Brent careened between $72 and $102 last month as worries rose and fell about when the war with Iran would allow oil tankers to freely exit the Persian Gulf again to deliver crude to customers worldwide.<\/p>\n

The latest\u00a0acquiescence by Trump<\/a>\u00a0on Iran helped to ease worries about inflation potentially getting worse, and Treasury yields correspondingly fell in the bond market.<\/p>\n

The yield on the 10-year Treasury sank to 4.68% from 4.75% late Friday. It, though, remains well above its 3.97% level from before the war with Iran.<\/p>\n

That jump is threatening to\u00a0undercut prices for stocks and other investments, while slowing the economy<\/a>\u00a0by making borrowing more expensive for U.S. households and businesses. The average long-term U.S. mortgage rate has already leaped\u00a0to its highest level<\/a>\u00a0in a year.<\/p>\n

The drop in oil prices helped airlines and other companies with big fuel bills lead the market. United Airlines flew 5.6% higher, while American Airlines climbed 5.7%. Norwegian Cruise Line Holdings steamed 5.4% higher.<\/p>\n

On the losing end of Wall Street were stocks of companies that make computer chips, which have been swinging sharply on worries about whether their surging revenues because of the AI boom are sustainable.<\/p>\n

If AI ends up produce less profit and productivity than hoped, Big Tech companies could curtail their spending sprees on data centers that have helped chip stocks soar to tremendous heights.<\/p>\n

Micron Technology fell 4.9% Monday and was one of the heaviest weights on the S&P 500, but its stock is still up more than 170% for the year so far. Advanced Micro Devices fell 2.7 % to trim its surge for the year so far to 116%.<\/p>\n

The manic swings for AI stocks have been most dramatic in South Korea, where the Kospi index is dominated by just two tech titans, Samsung Electronics and\u00a0SK Hynix<\/a>.<\/p>\n

Seoul\u2019s Kospi fell 5.1%. It was coming off a 17.9% surge from Friday, which was its best day in history.<\/p>\n

In neighboring Japan, Tokyo\u2019s Nikkei 225 fell 0.9% after the United States and Japan confirmed they had moved together to to prop up the value of the\u00a0Japanese yen<\/a>\u00a0against the dollar. A stronger yen would help to limit inflation in Japan, but it could also potentially hurt Japan\u2019s exporters.<\/p>\n

AP Writers Matt Ott, Elaine Kurtenbach, Mayuko Ono and Mari Yamaguchi contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"By STAN CHOE, AP Business Writer NEW YORK (AP) \u2014\u00a0Oil prices\u00a0are easing on Monday and helping to calm…\n","protected":false},"author":3,"featured_media":977859,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5122],"tags":[5229,144,6087,17709,405,403,42135,5226,5225,5228,5227,11411,2274,10747,67,586,132,5230,68,2969,3642],"class_list":["post-977980","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-america","tag-dow-jones-industrial-average","tag-iran-war","tag-nasdaq","tag-new-york","tag-new-york-city","tag-new-york-stock-exchange","tag-newyork","tag-newyorkcity","tag-ny","tag-nyc","tag-oil-prices","tag-sp-500","tag-stock-market-today","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa","tag-wall-street"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/117031997606109570","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/977980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=977980"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/977980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/977859"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=977980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=977980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=977980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}