US EditionU.S. Stocks Swing Through Another Shaky Day as Oil Prices Keep Climbing
Fears of escalating Iran conflict lifted U.S. crude to $100.84 and Brent to $107.54 per barrel, raising concerns about supply disruptions and inflation, analysts said.
- On Monday, Wall Street stocks were poised for gains as oil prices continued climbing, with Brent crude rising 2.1% to $107.54 a barrel amid uncertainty over the Iran conflict.
- President Donald Trump threatened "blowing up and completely obliterating" Iranian power plants and oil infrastructure unless a deal is reached to reopen the strategic Hormuz Strait immediately.
- Shares of Sysco tumbled 13.1% after announcing a deal to acquire Restaurant Depot for about $29.1 billion, while the S&P 500 finished last week 8.7% below its all-time high.
- Bond yields eased on Monday, providing relief to Wall Street after leaping since the war began, though investors worry sustained high oil prices may prompt the Federal Reserve to raise interest rates.
- Investors are bracing for a prolonged conflict that could stunt economic growth in Asia, though one measure suggests the S&P 500 looks 17% cheaper than before the war began, potentially attracting buyers.
19 Articles
19 Articles
US stocks edge higher in shaky trading as oil prices keep climbing
U.S. stocks are swinging again as oil prices keep climbing because of uncertainty about when the war with Iran could end. The S&P 500 rose 0.2% Monday after a bumpy morning where it jumped to an initial gain of 0.9%…
Global equity markets pick up, driven by opportunity purchases, after the heavy losses recorded the previous week by tensions between the U.S. and Iran.Nasdaq is the only one that reports a fall of 0.16 percent, in the 20 thousand 914.05 integers, while increases are 0.45 percent for the Dow Jones, in the 45 thousand 368.50 points, and the S&P 500 that totals 0.21 percent, round in the 6,382.58 units.On the corporate plane, the beginning of the …
The Daily Advance
Wall Street points toward gains as oil prices soar amid fears about escalation in Iran
Wall Street was poised to open the week with gains as oil prices continued their climb and prospects for an end to the Iran war remained uncertain. Futures for the S&P 500, Dow Jones Industrial Average and Nasdaq all climbed…
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