South Korea Financial Markets

A man walks past near the screens showing the Korea Composite Stock Price Index (KOSPI), right bottom, and the foreign exchange rate between U.S. dollar and South Korean won, right top, at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, July 15, 2026.

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US stocks rise within 0.5% of their record, even as oil prices keep climbing

US stocks rise within 0.5% of their record, even as oil prices keep climbing

U.S. stocks ticked higher following strong profit reports from big companies. The S&P 500 added 0.4% Wednesday and pulled within 0.5% of its all-time high set last month. The Dow Jones Industrial Average rose 0.3%, and the Nasdaq composite climbed 0.6%. BlackRock helped lead the market after becoming the latest financial company to report a bigger profit for the latest quarter than analysts expected. Stocks got a lift from easing yields in the bond market after data showed U.S. inflation slowed at the wholesale level last month. Oil prices, though, rose toward their highest levels in a month.