Wall Street points toward gains as oil prices soar amid fears about escalation in Iran
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US stocks rose on Monday, recovering some losses from a five-week losing streak, as oil prices continued to climb amid fears of escalation in Iran. The S&P 500 added 0.6% in early trading, while the Dow Jones Industrial Average was up 337 points, or 0.7%, as of 9:35 a.m. Eastern time.
US stocks are rising, recovering some losses from a five-week losing streak. The S&P 500 added 0.6% in early trading, and the Dow Jones Industrial Average was up 337 points. Oil prices keep climbing, with the price for a barrel of Brent crude delivered in June rising 2.3% to $107.76. The main issue for investors is whether oil can resume its full flow from the Persian Gulf. Stocks in some Asian markets fell sharply, while European markets gained. The yield on the 10-year Treasury fell to 4.35% from 4.44% late Friday, offering some breathing room for Wall Street.
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