US stocks swing between losses and gains on uncertainty over length of Iran war
The US stock market experienced volatility on Tuesday due to uncertainty over the length of the war with Iran, with the S&P 500 initially dropping 0.8% before trimming its loss to 0.2% by afternoon trading. The price of Brent crude oil rose 4.8% to $104.71, while Treasury yields returned to rising, 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 0.2% by afternoon trading. The Dow Jones Industrial Average rose 11 points, while the Nasdaq composite fell 0.7%. The price of Brent crude oil rose 4.8% to $104.71. Treasury yields returned to rising, with the 10-year Treasury yield rising to 4.40%. This put pressure on financial markets worldwide, making mortgages and borrowing more expensive.
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