U.S. Stocks Resilient Despite Rising Yields and Geopolitics; Oil Prices Stabilize After Mideast Attack Spike
-
U.S. stocks remain resilient despite rising yields and geopolitical tensions, with indices hitting 3-week highs.
-
Oil prices stabilized below recent peaks after initial jump from Middle East attacks.
-
Fed officials suggest market tightening may reduce need for further rate hikes.
-
IMF upgraded 2023-24 U.S. growth forecasts on "remarkable strength" but cut China projections.
-
Chinese developer Country Garden warned it may not meet offshore payment obligations, sparking stock selloff.