U.S. Stocks Edge Higher as Oil Firms Rally After New Russia Sanctions; Investors Await CPI Data

U.S. stock indices moved higher on Thursday, lifted by gains in oil companies after President Donald Trump announced a “massive” new round of sanctions targeting Russia’s leading crude producers.

Markets began the session on a cautious note following a mixed set of corporate earnings, as traders closely watched developments in U.S.-China trade relations and awaited key inflation data.

Despite the ongoing government shutdown, U.S. officials confirmed that the Consumer Price Index (CPI) report for September will be released on Friday — a key data point ahead of the Federal Reserve’s meeting later this month.

As of 1:09 PM EDT, the Dow Jones Industrial Average climbed 67.87 points (0.15%) to 46,658.28, the S&P 500 advanced 29.51 points (0.44%) to 6,728.91, and the Nasdaq Composite jumped 174.22 points (0.77%) to 22,914.62.

Earlier in the day, at 10:00 AM ET, the S&P 500 was up 0.4%, the Dow rose 0.2%, and the Nasdaq gained 0.5%. At the market open (9:30 AM ET), the Dow had slipped 14.50 points (0.04%) to 46,570.06, while the S&P 500 and Nasdaq posted modest gains.

In the bond market, the 10-year Treasury yield edged up to 3.98%, slightly higher than 3.97% recorded on Wednesday.