"The S&P 500 fell 0.3% and deepened its losses following its worst week since the war with Iran began. The Dow Jones Industrial Average was up 130 points, or 0.3%, as of 2:35 p.m. Eastern time, and the Nasdaq composite was 0.6% lower."
"The price for a barrel of benchmark U.S. crude oil rose 3.3% to settle at $102.88. The main issue for investors is whether oil and natural gas can resume their full flow from the Persian Gulf to customers worldwide and prevent a brutal blast of inflation."
"Shortly before the U.S. stock market opened for trading Monday, President Donald Trump said on his social media network that 'great progress has been made' with 'A NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran.'"
"All the back and forth has some investors saying they're giving Trump's pronouncements less weight than before. But stock prices are nevertheless cheaper than they were before the war, which has some investors waiting for an opportune time to buy."
U.S. stock markets experienced volatility with the S&P 500 falling 0.3% after its worst week since the Iran war began. The Dow Jones rose 0.3%, while the Nasdaq dropped 0.6%. Oil prices surged 3.3% to $102.88 per barrel due to concerns over the war's impact on oil flow from the Persian Gulf. President Trump announced progress in negotiations but also threatened military action if a deal is not reached. Investor sentiment is cautious, with some waiting for better buying opportunities as stock prices remain lower than pre-war levels.
Read at Fortune
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