Wall Street Falls From Records, Oil Prices Jump After Fighting Flares in Middle East
Brent crude rose 5.8% as Iran-linked attacks and Strait of Hormuz disruptions raised supply fears and pushed Treasury yields higher.
- Wall Street stocks slid Monday as Middle East tensions intensified, with the Dow Jones Industrial Average dropping 557 points, or 1.1%, while Brent crude leaped 5.8% to $114.44 per barrel.
- President Trump signaled Sunday that the United States would guide ships through the Strait of Hormuz after the United Arab Emirates reported attacks by Iran.
- The 10-year Treasury yield rose to 4.43% from 4.39% late Friday, climbing from 3.97% before the war began and raising borrowing costs for U.S. households and businesses.
- UPS dropped 10.5% and FedEx fell 9.1% after Amazon announced it will allow major companies like Procter & Gamble and 3M to use its logistics services.
- GameStop slumped 10.1% after announcing a bid to buy eBay for $125 per share, while Tyson Foods rose 8% after beating profit expectations with beef prices 11.5% higher.
11 Articles
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Wall Street Falls From Its Records and Oil Prices Jump After Fighting Flares in the Middle East
NEW YORK (AP) — The U.S. stock market fell from its record heights Monday, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran. The S&P 500 sank 0.4%, coming off its latest all-time high. The Dow Jones Industrial Average dropped 557 points, or 1.1%, and the Nasdaq composite slipped 0.2%. The action was stronger in the oil market, where the price for a barrel of Brent crude leaped…
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Wall Street Pulls Back From Record Highs as Oil Prices Surge Amid Renewed Middle East Tensions
U.S. financial markets retreated from recent record levels on Monday, as escalating tensions in the Middle East injected fresh uncertainty into global markets and sent ... The post Wall Street Pulls Back From Record Highs as Oil Prices Surge Amid Renewed Middle East Tensions first appeared on [your]NEWS.
On the 4th (local time), the three major New York stock indices all closed lower. This was due to the surge in international oil prices as tensions in the Middle East escalated again. Investors showed a risk-averse sentiment, fearing the possibility of inflation reigniting. On the New York Stock Exchange, the Dow Jones 30 Industrial Average closed at 48,941.90, down 557.37 points (1.13%) from the previous trading day. The S&P 500 index, which fo…
Wall Street falls from its records and oil prices jump after fighting flares in the Middle East - WXXV News 25
By STAN CHOE NEW YORK (AP) — The U.S. stock market fell from its record heights Monday, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran. The S&P 500 sank 0.4%, coming off its latest all-time high. The Dow Jones Industrial Average dropped 557 points, or 1.1%, and the Nasdaq composite slipped 0.2%. The action was stronger in the oil market, where the price for a barrel of Bre…
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