News
Inflation · Middle East · Oil Prices · US Stocks
US stock markets closed mixed on Monday, with the Dow Jones Industrial Average gaining 0.11% while the Nasdaq fell 0.73% and the S&P 500 dropped 0.39%, driven by rising oil prices and a tech selloff amid Middle East tensions.
Oil prices surged, with Brent crude futures up 1.7% to $114.51 a barrel and West Texas Intermediate (WTI) futures climbing 5.4% to $105 a barrel, on track for their largest-ever monthly gain. Investor sentiment was influenced by conflicting signals regarding the US-Iran conflict; President Donald Trump suggested progress toward peace but also threatened escalated military action if the Strait of Hormuz is not reopened.
US Treasury Secretary Scott Bessent affirmed Washington's intent to regain control of the Strait. Federal Reserve Chair Jerome Powell stated that longer-term inflation expectations remain "well anchored" despite rising energy prices, causing US Treasury yields to decline over 2% to 4.35%.
European stock markets, conversely, closed higher, led by energy and mining shares, with the Stoxx Europe 600 index rising 0.94%.
Oil Surges, Tech Sells Off; US Stocks Mixed(current)
