BUSINESSWPLG LOCAL 10 MIAMI
Stocks are drifting on Wall Street and crude oil prices drop 6% as Mideast tensions cool
Stocks on Wall Street showed mixed performance as the S&P 500 fell 0.2% and the Dow Jones rose 0.3%, while Brent crude oil prices dropped 6.6% due to paused U.S.-Iran attacks and stalled Strait of Hormuz traffic. The war's impact on global oil supply and rising gasoline and shipping costs were noted, with markets in Europe and Asia reacting positively. The Federal Reserve's upcoming interest rate decision and economic reports this week are key focus areas.
Mentioned
Related Signal
Adjacent reporting
- Stocks waver on Wall Street and crude oil prices drop 5% as Mideast tensions cool
- Stocks open higher on Wall Street and crude oil prices drop 6% as Mideast tensions cool
- Oil prices sink, stock futures rally as U.S. and Iran pause attacks, Wall Street awaits busy week
- Stocks rise on Wall Street while crude oil prices fall for the first time in a week