Brent crude touches $115 a barrel, while U.S. stocks recover some losses
Brent crude oil prices reached $115 a barrel on Monday due to threats from President Trump regarding Iranian infrastructure. US stocks experienced a mixed day, with the Dow Jones Industrial Average gaining 0.1% and the S&P 500 slipping 0.4% amid concerns about the economic impact of the Iran war.
Brent crude oil prices rose to $115 a barrel on Monday. The increase was driven by President Trump's threats to destroy Iranian infrastructure. US stocks had a mixed day, with the Dow Jones Industrial Average adding 49 points and the Nasdaq composite falling 0.7%. The S&P 500 slipped 0.4%, deepening its loss since the war began. Some investors are looking for bargains, noting that the S&P 500 looks 17% cheaper than before the war. The yield on the 10-year Treasury fell to 4.35% from 4.44% late Friday, offering some breathing room for Wall Street.
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