US Stock Market Today | Dow Jones | Nasdaq Live: Brent crude oil futures turn negative after Bessent says U.S. can retake control of Strait of Hormuz; US stocks spi…
The US stock market opened higher on Monday, with the Dow Jones Industrial Average rising 116.4 points, after President Donald Trump's comments on the US and Iran talks. The spike in oil prices due to the Iran conflict has revived inflation fears, putting central banks in a tough spot regarding interest rates.
The US stock market started the day on a positive note, with the Dow Jones Industrial Average rising 116.4 points to 45,283.06. The S&P 500 and Nasdaq Composite also saw gains, rising 34.5 points and 147.9 points respectively. The increase in oil prices due to the Iran conflict has led to concerns about inflation. Federal Reserve Chair Jerome Powell stated that the central bank can wait to see how the Iran war affects the economy and inflation. Meanwhile, Sysco announced a $29 billion deal to buy catering supplier Jetro Restaurant Depot, and Biogen's shares rose 3.3% after the FDA approved a higher dose of its spinal muscular atrophy drug Spinraza.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.