{"id":422600,"date":"2021-06-26T08:50:43","date_gmt":"2021-06-26T03:20:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=422600"},"modified":"2021-06-26T09:07:57","modified_gmt":"2021-06-26T03:37:57","slug":"global-stocks-finish-at-record-highs-oil-prices-climb-for-fifth-week","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-stocks-finish-at-record-highs-oil-prices-climb-for-fifth-week\/","title":{"rendered":"Global stocks finish at record highs, oil prices climb for fifth week"},"content":{"rendered":"<p>WASHINGTON\/LONDON (Reuters) -Wall Street notched broad gains on Friday, with the S&amp;P 500 index closing at a record and global shares also finished at an all-time high, while oil prices rose for a fifth straight week. <\/p>\n<p>Weaker-than-expected inflation data and news that U.S. President Joe Biden has secured a bipartisan infrastructure agreement with lawmakers gave a boost to stocks. The plan is valued at $1.2 trillion over eight years, of which $579 billion is new spending. <\/p>\n<p>The S&amp;P 500 rose 2.7% for the week, its strongest weekly gain since early February as Nike and bank stocks rose, and weaker-than-expected inflation data eased worries about a sudden tapering in stimulus by the Federal Reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON\/LONDON (Reuters) -Wall Street notched broad gains on Friday, with the S&amp;P 500 index closing at a record and global shares also finished at an all-time high, while oil prices rose for a fifth straight week. Weaker-than-expected inflation data and news that U.S. President Joe Biden has secured a bipartisan infrastructure agreement with lawmakers gave a boost to stocks. The plan is valued at $1.2 trillion over eight years, of which $579 billion is new spending. The S&amp;P 500 rose 2.7% for the week, its strongest weekly gain since early February as Nike and bank stocks rose, and weaker-than-expected inflation [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-422600","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=422600"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422600\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=422600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=422600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=422600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}