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US Stocks Swing Through Another Shaky Day as Oil Prices Keep on Climbing
- U.S. stocks swung Monday as benchmark crude oil rose 3.3% to $102.88, with Houthi rebels in Yemen entering the fighting and deepening uncertainty about when the war with Iran might end.
- As Houthi rebels in Yemen joined Military Operations over the weekend, the escalation threatened oil flows through the Strait of Hormuz, an integral waterway for global energy supply.
- Shortly before markets opened Monday, President Donald Trump claimed "great progress has been made" toward ending Military Operations in Iran, yet threatened "blowing up and completely obliterating" Iranian power plants if the Strait of Hormuz is not opened immediately.
- Treasury yields eased Monday to 4.34% from 4.44% late Friday, yet remain far above the 3.97% pre-war level, while Sysco fell 15% after announcing a $29.1 billion acquisition of Jetro Restaurant Depot.
- Professional investors classify the market decline as a correction, with The Dow and Nasdaq both finishing last week more than 10% below their records amid persistent caution across financial markets.
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US stocks swing through another shaky day as oil prices keep climbing
U.S. stocks swung as oil prices kept climbing because of uncertainty about when the war with Iran could end. The S&P 500 fell 0.4% Monday and deepened its loss since the war began to pull 9.1% below its record. The…
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US stocks drop in another shaky day as oil prices keep climbing
U.S. stocks are sinking again as oil prices keep climbing because of uncertainty about when the war with Iran could end. The S&P 500 fell 0.7% Monday and deepened its losses to pull 9.3% below its record set early this…
Coverage Details
Total News Sources22
Leaning Left5Leaning Right4Center9Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 28%
C 50%
R 22%
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