US stocks swing between losses and gains on uncertainty about how long the war with Iran will last
US stocks experienced volatility on Tuesday due to uncertainty about the duration of the war with Iran, with the S&P 500 initially dropping 0.8% before trimming its loss to 0.1% by afternoon trading. The price of Brent crude oil rose 3.9% to $103.82, while Treasury yields increased, putting pressure on financial markets worldwide.
The US stock market swung between losses and gains on Tuesday. The S&P 500 dropped 0.8% in the morning, but trimmed its loss to 0.1% by afternoon trading. The Dow Jones Industrial Average added 86 points, while the Nasdaq composite fell 0.5%. The price of Brent crude oil rose 3.9% to $103.82. Treasury yields increased, with the 10-year Treasury rising to 4.37% and the two-year Treasury rising to 3.89%. This increase in yields puts pressure on financial markets worldwide, making mortgages and borrowing more expensive.
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