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at140

(6,110 posts) Tue Apr 23, 2019, 06:55 PM Apr 2019

S&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companies

https://www.cnbc.com/2019/04/23/stock-market-us-ends-all-exemptions-from-iran-oil-sanctions.html

Ending sanction exemptions to Iranian oil customers like China & India & others,
is causing oil prices to spike, which means more profits for oil producer. That is bullish for stocks but not for consumers. The top 1% gets richer, while working Americans who must drive to work will pay the price.
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S&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companies (Original Post) at140 Apr 2019 OP
Vraiment. What you say is true, at140. Ghost Dog Apr 2019 #1
I keep saying, I don't know the correlation, but the stock market sure seems to follow PeeJ52 Apr 2019 #2
There is a un-holy alliance between oil prices and stocks at140 Apr 2019 #3
 

PeeJ52

(1,588 posts)
2. I keep saying, I don't know the correlation, but the stock market sure seems to follow
Reply to at140 (Original post)
Tue Apr 23, 2019, 07:05 PM
Apr 2019

the price of oil.

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at140

(6,110 posts)
3. There is a un-holy alliance between oil prices and stocks
Reply to PeeJ52 (Reply #2)
Tue Apr 23, 2019, 07:08 PM
Apr 2019

I have noticed that for a very long time as well.

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