U.S. stocks hold near records as Brent crude settles at $99.25

  • U.S. stocks remained near record levels as oil prices eased.
  • Brent crude settled at $99.25 per barrel after briefly falling below $98.
  • The Nasdaq composite reached a record while the S&P 500 stayed 0.4% below its peak.

U.S. stocks remained close to record levels as oil prices eased and Treasury yields held relatively steady. The S&P 500 slipped 0.06 points, or less than 0.1%, to 7,764.64, leaving it 0.4% below its all-time high set last month. The Dow Jones Industrial Average fell 185.14 points, or 0.4%, to 51,863.69, while the Nasdaq composite rose 122.18 points, or 0.5%, to a record 27,244.28. Brent crude briefly dropped below $98 a barrel during morning trading before settling at $99.25. Stock indexes worldwide and Treasury yields were relatively steady. For the week, the S&P 500 is up 1.5%, the Dow 0.4%, the Nasdaq 2.7% and the Russell 2000 1%. For the year, the indexes are higher by 13.4%, 7.9%, 17.2% and 16.4%, respectively.

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