The S&P 500 and Dow Jones are back at record highs after surging on Tuesday amid falling oil prices and the bumper earnings season. Brent crude dropped another 5% to below $80 per barrel before edging back above that level on Wednesday after Yemen's Houthi rebels said they attacked a Saudi oil tanker in the Red Sea. The oil price decline has eased pressure on Treasury yields, even as Kansas City Fed chief Jeffrey Schmid said the central bank would need to tighten policy to return inflation to its 2% target. In currency markets, Treasury Secretary Scott Bessent pledged to do whatever it takes to support Japan's defense of the yen and urged the Fed to upsize the repo facility used in last week's joint intervention.
Advanced Micro Devices Inc
Caterpillar Inc
Palantir Technologies Inc.
