Global Stock Rally Extends, Oil Pares Advance: Markets Wrap The global stock market rally continues to defy gravity, with major indices posting new highs on both sides of the Atlantic.
The S&P 500 has broken through the 4,000 barrier for the first time since the pandemic induced crash in March 2020, while the European Stoxx 50 has reached a record high.
Meanwhile, oil prices have softened, trimming some of the gains made by energy stocks over the past few weeks.