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U.S. Stocks Drift as Oil Prices Rise on Worries About a Potential U.S.-Iran Conflict
Oil prices rose 1.8% amid fears of U.S.-Iran conflict while the S&P 500 declined 0.2%, influenced by mixed earnings and economic concerns, analysts said.
- On Thursday, the S&P 500 slipped 0.2% as the Dow fell 184 points and the Nasdaq was 0.1% lower, while oil prices rose on renewed worries about a possible U.S.-Iran confrontation.
- President Donald Trump has been raising pressure on Iran amid nuclear disputes, while U.S. military forces build presence in the Middle East, with analysts warning conflict could constrict global oil flows.
- Among individual movers were Booking Holdings down 7.1%, Carvana down 5.3%, and Occidental Petroleum up 7.3%, illustrating divergent earnings reactions.
- Energy and defensive sectors led gains while utilities, energy, industrials, and communications services rose, financials and information technology fell, and rising oil could boost inflation this year, Fed officials said.
- Global market differences appeared as Asia markets showed pockets of strength while Europe declined, with investors reducing equity exposure to the lowest since July.
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Oskaloosa HeraldReposted by 
TelegraphHerald.com
TelegraphHerald.comUS stocks slip as oil prices rise on worries about a potential US-Iran conflict
U.S. stocks are ticking lower, and the S&P 500 is heading toward its first loss in four days. The index slipped 0.4% Thursday. The Dow Jones Industrial Average dipped 257 points, and the Nasdaq composite fell 0.6%. The company behind…
readingeagleReposted by 
Yakima Herald-Republic
Yakima Herald-RepublicUS stocks drift as oil prices rise on worries about a potential US-Iran conflict
By STAN CHOE, AP Business Writer NEW YORK (AP) — U.S. stocks are drifting on Thursday following mixed profit reports from Walmart and other big companies. Oil prices, meanwhile, are rising on renewed worries about a potential conflict between the United States and Iran. The S&P 500 slipped 0.2% in morning trading and was potentially heading for its first loss in four days. The Dow Jones Industrial Average was down 184 points, or 0.4%, as of 10:1…
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Total News Sources35
Leaning Left11Leaning Right2Center11Last UpdatedBias Distribution46% Left, 46% Center
Bias Distribution
- 46% of the sources lean Left, 46% of the sources are Center
46% Center
L 46%
C 46%
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