Energy Markets
Stocks soar to record highs after positive company forecasts. Oil, yen and soaring stock prices.
The Dow and S&P 500 indexes reached record highs on Tuesday following positive forecasts by?Caterpillar, among others, and oil prices extended recent sharp declines. Global stock indexes also reached a record intraday. The Japanese yen fell, but it held onto most of the gains made by Tokyo and Washington last week to support its currency. Qatari and U.S. official comments that encouraged hope for a diplomatic solution to the Iran War that could improve oil flow through the Strait of Hormuz weighed on oil. U.S. State Secretary Marco Rubio stated on Tuesday that there had been progress in the "talks"...