(Reuters) - Spreads on U.S. high yield bonds, or the premium companies pay over U.S. Treasuries, remain tight despite a pick-up in distress within the asset class, as investors see the majority of issuers weathering higher-for-longer interest rates. Elevated rates and persistent inflation have eaten into the bottom lines of many U.S. corporate borrowers, particularly those with high leverage and...

02:36 PM EDT, 05/02/2024 (MT Newswires) -- West Texas Intermediate crude oil edged down on Thursday, following on .a day-prior 3.6% drop to the lowest since mid-March on an unexpected rise in US inventories that showed weaker than expected demand. West Texas Intermediate crude oil for June delivery closed down US$0.05 to settle at US$78.95 per barrel. July Brent crude,...

May 2 (Reuters) - Spreads on U.S. high yield bonds, or the premium companies pay over U.S. Treasuries, remain tight despite a pick-up in distress within the asset class, as investors see the majority of issuers weathering higher-for-longer interest rates. Elevated rates and persistent inflation have eaten into the bottom lines of many U.S. corporate borrowers, particularly those with high...

* Qualcomm's ( QCOM ) upbeat Q3 forecast boosts chips, Nasdaq * Apple ( AAPL ) results awaited * April jobs report comes into focus * Indexes up: Dow 0.77%, S&P 0.82%, Nasdaq 1.36% (Updates to 14:11 EDT) By Stephen Culp NEW YORK May 2 (Reuters) - U.S. stocks rallied on Thursday as investors dissected the Federal Reserve's interest rate...