Commodities
Oil Prices Fall for Second Time This Week, Boosting Stocks
Oil prices are declining for the second time this week, which is helping to calm concerns in the bond market and supporting stock prices.
The S&P 500 index rose by 0.3% on Tuesday, moving closer to its all-time high set earlier this month.
The Dow Jones Industrial Average was up 80 points at 12:38 p.m. Eastern time, while the Nasdaq composite increased by 0.6%.
In the oil market, Brent crude prices fell by 3.5% to $87.39, marking a second decline following 13 consecutive gains.