Stock market today: S&P 500, Nasdaq, Dow fall as US-Iran tensions flare up again, shuttering Hormuz
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US stock markets fell on Monday due to escalating US-Iran tensions, with the Nasdaq Composite leading losses. Oil prices jumped as Iran stopped traffic in the Strait of Hormuz, but remained below $100 per barrel.
US stocks declined on Monday as US-Iran tensions escalated over the weekend. The Nasdaq Composite fell 0.3%, while the S&P 500 and Dow Jones Industrial Average dropped 0.2% and 0.1%, respectively. The US Navy seized an Iranian ship, and Iran responded by firing at vessels and halting traffic in the Strait of Hormuz. Oil prices surged, with US benchmark West Texas Intermediate crude futures rising 5.2% to $86 per barrel. Investors will be watching upcoming earnings reports from major companies, including Tesla and Intel, for further market direction.
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