Stocks Edge Up After Iran Strikes, Oil Surges
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. stocks closed nearly flat on Monday, following a volatile day due to U.S.-Israel air strikes on Iran. Despite early selloffs and surging oil prices, bargain hunters drove share prices up. The S&P 500 inched up by 0.01%, while the Nasdaq climbed by 0.32%. Energy stocks led gains as crude oil settled at $71.23 per barrel. Overseas, European and Japanese indexes fell over 1%. Airlines and travel shares plummeted due to flight groundings and higher fuel costs. As tensions in the Middle East persist, investors await inflation impacts and potential Fed actions.
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