Wednesday, August 19

Topic: markets

An oil refinery lit up at night
Business
Thursday, 7/23, 07:33 PM

Oil Tops $100 for the First Time Since May as the Gulf Crisis Deepens

  • Brent crude has risen above $100 a barrel for the first time since May, its fifth straight day of gains, as the war between the United States and Iran chokes off the world's most important oil shipping routes.
  • The Strait of Hormuz is effectively shut, and the Houthis say they have attacked two Saudi tankers.
The New York Stock Exchange on Wall Street (file image)
Business 43 d

The Dow Tops 53,000 as Investors Rotate Out of Chip Stocks

  • The Dow Jones Industrial Average closed above 53,000 for the first time as money flowed into steadier, old-economy stocks, while semiconductor shares extended a sharp slide.
  • The move points to a rotation away from the AI-chip names that had led the market's gains this year.

In brief

In brief

markets — news and stories on this topic

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