Oil popped over 3% to hit its highest level since August 2022, while the 10-year Treasury yield reached levels not seen since 2007
However, stocks came off their highs. The Dow Jones Industrial Average fell by more than 100 points, or 0.3%. The S&P 500 and Nasdaq fell by 0.1%.
Popular media stocks inched up before the bell Wednesday as Hollywood writers and studiosThe deal — valid until May 2026 — includes a minimum 5% pay increase, with additional bumps pay bumps in 2024 and 2025. Under the contract, artificial intelligence material won't qualify as source, or literary material.
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