U.S. stocks recovered some of their early losses on Monday after oil prices receded slightly despite investor concerns that the war in Iran could lead to an oil crunch. The S&P 500 slid 9 points, or 0.1%, to 6,731 in midday trading, while the Dow Jones Industrial Average fell 250 points, or
U.S. stocks recovered some of their early losses on Monday after oil prices receded slightly despite investor concerns that the war in Iran could lead to an oil crunch. The S&P 500 slid 9 points, or 0.1%, to 6,731 in midday trading, while the Dow Jones Industrial Average fell 250 points, or 1.5%, to 47,252. The Nasdaq Composite rose 0.3%. Financial markets have been highly volatile since the war in the Middle East erupted last week. The turbulence continued into Monday, after oil surpassed $100 for the first time since 2022, when Russia’s invasion of Ukraine pushed up global energy prices. Brent crude, the international standard, on Monday fell to $98.72, while West Texas Intermediate, the U.S. benchmark, dropped to $93.39 per barrel, according to FactSet. Both benchmarks briefly approached $120 a barrel on Monday
