Oil price fluctuations drive US stock market growth, GDP hinders progress.
The research looked at how changes in oil prices and the economy affect the US stock market from 1990 to 2018. They used a method called Vector Auto-regression (VAR) analysis to study the data. The findings show that both oil prices and economic growth play a significant role in influencing the stock market. When oil prices go up, the stock market tends to rise as well. On the other hand, an increase in GDP can have a negative impact on the stock market.