{"id":13315,"date":"2026-06-09T13:02:39","date_gmt":"2026-06-09T13:02:39","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=13315"},"modified":"2026-06-09T13:02:39","modified_gmt":"2026-06-09T13:02:39","slug":"wall-street-points-to-modest-gains-in-a-rebound-from-last-week-as-oil-prices-slip","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=13315","title":{"rendered":"Wall Street points to modest gains in a rebound from last week as oil prices slip"},"content":{"rendered":"
\n

By ELAINE KURTENBACH and MATT OTT, AP Business Writers<\/strong><\/p>\n

Oil prices retreated and Wall Street was poised to open with gains Tuesday after a sell-off last week.<\/p>\n

Read more As US Customs refines its tariff refund system, who gets in to apply is under dispute<\/a><\/p>\n

Futures for the S&P 500 added 0.4%, while futures for the Dow Jones Industrial Average inched up less than 0.2%. Nasdaq futures jumped 0.8%.<\/p>\n

The price for a barrel of Brent crude oil, the international standard, fell $1.42 to $92.83 per barrel. It had briefly topped $98 overnight.<\/p>\n

U.S. benchmark crude shed $1.68 to $89.62 per barrel, remaining elevated since the U.S. and Israel attacked Iran in late February. A barrel of U.S. crude was less than $70 before the war began.<\/p>\n

Major airlines, which have been punished by soaring fuel costs, are on the rise. U.S. airlines spent more than $6 billion on jet fuel in April, up 78% from a year earlier, according to government data. Delta, American and United all gained between 1% and 2% overnight.<\/p>\n

Since conflict erupted in the Middle East earlier this year, much of the shipping traffic through the Strait of Hormuz \u2014 a critical oil transit route bordering Iran \u2014 has remained effectively halted, pushing up the price of oil and jet fuel.<\/p>\n

The airline industry\u2019s top global trade group warned that soaring energy costs could nearly halve profits in 2026, even as major carriers have raised airfares and fees, canceled flights or trimmed schedules.<\/p>\n

\n<\/div>\n

Elevated oil prices have already sent broader inflation higher, which increases not only bills for households but also yields in the bond market. High yields worldwide recently have threatened to slow economies and undercut prices for stocks and all kinds of other investments.<\/p>\n

The yield on the 10-year Treasury was holding around 4.55% early Tuesday, up from 4.01% in the days leading up to the war.<\/p>\n

Read more Congo\u2019s Ebola outbreak rises to 100 deaths out of 550 cases as conflict slows response<\/a><\/p>\n

The U.S. government issues its latest reports on inflation this week, with wholesale prices data coming Tuesday and consumer prices due out the following day. With inflation already well above the Federal Reserve\u2019s 2% target and the job market stabilizing, analysts don\u2019t expect the Federal Reserve to cut its benchmark interest rate any time soon. Some experts say that a rate hike is actually more likely this year.<\/p>\n

Fed officials meet next week to issue their latest decision on interest rates.<\/p>\n

\n<\/div>\n

In equities trading, shares of J.M. Smucker Co. rose 3% after the snack and spread maker topped Wall Street\u2019s sales and profit forecasts.<\/p>\n

Coming later Tuesday is the latest data on home sales. Soaring prices and elevated interest rates has mired the U.S. housing market in a slump since 2022, when mortgage rates began to climb from pandemic-era lows.<\/p>\n

Elsewhere, in Europe at midday Germany\u2019s DAX picked up 0.5%, the CAC 40 in Paris gained 0.9% and Britain\u2019s FTSE 100 shed 0.3%.<\/p>\n

In South Korea, the Kospi jumped 8.2% to 8,096.93, nearly recovering all of Monday\u2019s loss of 8.3%. SK Hynix, which on Monday announced plans to partner with Nvidia in building data centers, jumped 15.9%. Samsung Electronics vaulted up 9%.<\/p>\n

In other Asian trading, Tokyo\u2019s Nikkei 225 gained 2.2% to 65,416.63. Computer chip equipment maker Tokyo Electron gained 8.9% and other technology stocks were among the biggest gainers.<\/p>\n

Taiwan\u2019s Taiex advanced 2.8% on gains for tech companies like computer chip giant TSMC.<\/p>\n

Hong Kong\u2019s Hang Seng lost 0.4% to 24,565.90 and the Shanghai Composite index added 1.3% to 4,010.03.<\/p>\n

Read more Trump says pilots are fine after US helicopter crashes near Strait of Hormuz<\/a><\/p>\n

The S&P\/ASX 200 lost 0.2% to 8,604.20.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Oil prices retreated and Wall Street was poised to open with gains as markets try to recover some of last week\u2019s sell-off.<\/p>\n","protected":false},"author":1,"featured_media":13314,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2],"tags":[],"class_list":["post-13315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts-either-observed-and-verified-directly-by-the-reporter-or-reported-and-verified-from-knowledgeable-sources","category-news"],"yoast_head":"\nWall Street points to modest gains in a rebound from last week as oil prices slip - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=13315\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wall Street points to modest gains in a rebound from last week as oil prices slip - Silicon Valley Moving Post\" \/>\n<meta property=\"og:description\" content=\"Oil prices retreated and Wall Street was poised to open with gains as markets try to recover some of last week\u2019s sell-off.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/siliconvalleymovingpost.com\/?p=13315\" \/>\n<meta property=\"og:site_name\" content=\"Silicon Valley Moving Post\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-09T13:02:39+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\"},\"headline\":\"Wall Street points to modest gains in a rebound from last week as oil prices slip\",\"datePublished\":\"2026-06-09T13:02:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315\"},\"wordCount\":607,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e7556e3e3df7b531f5d8e0cbe5f81582.webp\",\"articleSection\":[\"Based on facts, either observed and verified directly by the reporter, or reported and verified from knowledgeable sources.\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315\",\"name\":\"Wall Street points to modest gains in a rebound from last week as oil prices slip - Silicon Valley Moving Post\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e7556e3e3df7b531f5d8e0cbe5f81582.webp\",\"datePublished\":\"2026-06-09T13:02:39+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315#primaryimage\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e7556e3e3df7b531f5d8e0cbe5f81582.webp\",\"contentUrl\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/e7556e3e3df7b531f5d8e0cbe5f81582.webp\",\"width\":1024,\"height\":682},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?p=13315#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wall Street points to modest gains in a rebound from last week as oil prices slip\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#website\",\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/\",\"name\":\"Silicon Valley Moving Post\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/#\\\/schema\\\/person\\\/636e2e5a10a21cf87fe6eb5951e8a6b7\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/siliconvalleymovingpost.com\"],\"url\":\"https:\\\/\\\/siliconvalleymovingpost.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wall Street points to modest gains in a rebound from last week as oil prices slip - Silicon Valley Moving Post","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/siliconvalleymovingpost.com\/?p=13315","og_locale":"en_US","og_type":"article","og_title":"Wall Street points to modest gains in a rebound from last week as oil prices slip - Silicon Valley Moving Post","og_description":"Oil prices retreated and Wall Street was poised to open with gains as markets try to recover some of last week\u2019s sell-off.","og_url":"https:\/\/siliconvalleymovingpost.com\/?p=13315","og_site_name":"Silicon Valley Moving Post","article_published_time":"2026-06-09T13:02:39+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/siliconvalleymovingpost.com\/?p=13315#article","isPartOf":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=13315"},"author":{"name":"admin","@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7"},"headline":"Wall Street points to modest gains in a rebound from last week as oil prices slip","datePublished":"2026-06-09T13:02:39+00:00","mainEntityOfPage":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=13315"},"wordCount":607,"commentCount":0,"image":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=13315#primaryimage"},"thumbnailUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/06\/e7556e3e3df7b531f5d8e0cbe5f81582.webp","articleSection":["Based on facts, either observed and verified directly by the reporter, or reported and verified from knowledgeable sources.","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/siliconvalleymovingpost.com\/?p=13315#respond"]}]},{"@type":"WebPage","@id":"https:\/\/siliconvalleymovingpost.com\/?p=13315","url":"https:\/\/siliconvalleymovingpost.com\/?p=13315","name":"Wall Street points to modest gains in a rebound from last week as oil prices slip - Silicon Valley Moving Post","isPartOf":{"@id":"https:\/\/siliconvalleymovingpost.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=13315#primaryimage"},"image":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=13315#primaryimage"},"thumbnailUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/06\/e7556e3e3df7b531f5d8e0cbe5f81582.webp","datePublished":"2026-06-09T13:02:39+00:00","author":{"@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7"},"breadcrumb":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=13315#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/siliconvalleymovingpost.com\/?p=13315"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/siliconvalleymovingpost.com\/?p=13315#primaryimage","url":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/06\/e7556e3e3df7b531f5d8e0cbe5f81582.webp","contentUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/06\/e7556e3e3df7b531f5d8e0cbe5f81582.webp","width":1024,"height":682},{"@type":"BreadcrumbList","@id":"https:\/\/siliconvalleymovingpost.com\/?p=13315#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/siliconvalleymovingpost.com\/"},{"@type":"ListItem","position":2,"name":"Wall Street points to modest gains in a rebound from last week as oil prices slip"}]},{"@type":"WebSite","@id":"https:\/\/siliconvalleymovingpost.com\/#website","url":"https:\/\/siliconvalleymovingpost.com\/","name":"Silicon Valley Moving Post","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/siliconvalleymovingpost.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/siliconvalleymovingpost.com"],"url":"https:\/\/siliconvalleymovingpost.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts\/13315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13315"}],"version-history":[{"count":0,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/posts\/13315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=\/wp\/v2\/media\/13314"}],"wp:attachment":[{"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/siliconvalleymovingpost.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}