Wall Street remains near its record even after oil prices rise on worries about the Iran war
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US stocks remained near record highs despite rising oil prices amid escalating tensions between the US and Iran. The S&P 500 slipped 0.2% as oil prices climbed 3.8% to $93.84 per barrel.
US stocks remained near record highs on Monday despite rising oil prices amid escalating tensions between the US and Iran. The S&P 500 slipped 0.2% after the US attacked and seized an Iranian-flagged cargo vessel. Oil prices climbed 3.8% to $93.84 per barrel, with Brent crude remaining below its war-time high of $119 per barrel. Companies with high fuel costs, such as airlines, fell on the news. The US stock market remains strong due to big profits reported by US companies and expectations for continued growth. A ceasefire agreement between the US and Iran is set to expire on Tuesday night.
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