Stocks fall oil prices rise after Trump's latest delay in Iran war fails to raise much hope
US stocks fell on Friday as Wall Street struggled with its fifth straight losing week, while oil prices rose due to ongoing tensions in the Middle East. The S&P 500 sank 0.8% in early trading, and the Dow Jones Industrial Average was down 402 points, or 0.9%, as of 9:35 a.m. Eastern time.
US stocks are falling as Wall Street stumbles toward the finish of a fifth straight losing week. The S&P 500 sank 0.8% in early trading, and the Dow Jones Industrial Average was down 402 points. Oil prices rose 2.2% to $104.15 per barrel. The fear in financial markets is that the war will disrupt oil production and transport in the Persian Gulf. This could lead to inflation and higher prices for businesses and consumers. The yield for the 10-year Treasury climbed to 4.46% from 4.42% late Thursday.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.