Finance

Oil Jumps as Much as 7%, Stocks Swing to Losses: Markets Wrap

Oil surged to the highest level in almost four years amid growing pessimism about efforts to end the Middle East conflict. Stocks swung to losses after earlier getting a boost from megacap tech earnings.

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Bloomberg
April 29, 2026·1 min read
Oil Jumps as Much as 7%, Stocks Swing to Losses: Markets Wrap

Image: Bloomberg

Oil surged to the highest level in almost four years amid growing pessimism about efforts to end the Middle East conflict. Stocks swung to losses after earlier getting a boost from megacap tech earnings.

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Oil Jumps as Much as 7%, Stocks Swing to Losses: Markets Wrap

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