Wall Street drops from its records and oil prices jump as uncertainty rises about the Iran war
The U.S. stock market fell from its record heights as oil prices jumped following escalations in the Middle East conflict with Iran. The S&P 500 fell 0.4%, while the price for a barrel of Brent crude leaped 5.8% to $114.39.
The U.S. stock market fell on record heights as uncertainty rose about the Iran war. The S&P 500 fell 0.4%, the Dow Jones Industrial Average was down 453 points, and the Nasdaq composite was 0.2% lower. Oil prices jumped, with Brent crude rising 5.8% to $114.39, after the United Arab Emirates reported being attacked by Iran. The U.S. military rejected Iran's claim of striking a U.S. Navy vessel. Despite the uncertainty, the U.S. stock market has reached records, driven by big growth in corporate profits. Companies like Tyson Foods and Micron Technology reported strong results, while GameStop's attempt to buy eBay caused its stock to slump.
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