Stocks mixed, oil tops $110 a barrel as Ukraine war rages
NEW YORK (AP) — Oil prices surged above $110 per barrel Wednesday as Russian forces stepped up attacks on Ukrainian cities, while premarket trading on Wall Street pointed toward a higher open. Investors appeared to take in stride Federal Reserve Chair Jerome Powell’s comments Wednesday that the Fed will begin raising interest rates this month in a high-stakes effort to restrain surging inflation. On Wall Street, the futures for the benchmark S&P 500 index, Dow Jones Industrial Average and the Nasdaq each rose about 0.2%. Markets in Shanghai and Tokyo declined as President Vladimir Putin’s invasion fed fears of global economic turmoil. Stocks turned higher in Paris and London.
