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Oil Prices Keep Swinging, and so Do Stocks Worldwide
Oil prices fell after Trump said he would hold off on a military attack on Iran, while the S&P 500 and Nasdaq slipped.
- President Donald Trump delayed a military attack on Iran scheduled for Tuesday at the request of regional allies, an announcement that roiled financial markets late in the day.
- Oil prices swung through the day, with Brent crude falling below $110 following Trump's announcement while keeping alive hopes that a deal to open the Strait of Hormuz may still be possible.
- Wall Street saw mixed performance as Regeneron Pharmaceuticals dropped while Boston Scientific climbed 6.6%, and the Dow Jones Industrial Average finished less than 0.1% higher after volatile trading.
- Yields on the 10-year Treasury climbed, increasing borrowing costs for households and businesses already facing higher mortgage rates as climbing yields cranked up pressure on economies worldwide.
- Nvidia releases quarterly results Wednesday, while Target, Home Depot, and Walmart are also scheduled to report this week, offering investors fresh data amid ongoing market volatility.
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43 Articles
43 Articles
Oil prices keep swinging, and so do stocks worldwide - WXXV News 25
By STAN CHOE NEW YORK (AP) — Oil prices and stock markets worldwide swung through a shaky Monday with uncertainty about what will happen with the Iran war. The S&P 500 swiveled between gains and losses before finishing with a dip of 0.1%, its second loss since setting an all-time high last week. The Dow Jones Industrial Average added 159 points, or 0.3%, and the Nasdaq composite fell 0.5% after both indexes likewise yo-yoed. Stock prices moved…
Coverage Details
Total News Sources43
Leaning Left12Leaning Right3Center19Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 35%
C 56%
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