Tuesday, 10 October 2023

U.S stocks rise despite Middle Eastern conflict and oil price surge

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Alongside Goldman Sachs, other banking giants Bank of America and Wells Fargo also experienced an upward trajectory in their share prices. However, Morgan Stanley bucked the trend, recording a decrease of 0.52%.


The conflict in the Israel-Gaza region has been a major factor influencing global markets, triggering a 4.3% hike in U.S benchmark oil prices to $86.38 per barrel. This situation has led to concerns over potential disruptions to Middle Eastern crude supplies.






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