Dow, S&P 500, Nasdaq climb, oil tanks as Wall Street weighs Iran war signals
Investors are misreading how the Federal Reserve is likely to react to heightened oil prices, Bank of America economist Aditya...
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Dow, S&P 500, Nasdaq waver, oil prices trim gains as Wall Street weighs Iran’s next move
Wall Street is closely watching escalating tensions in the Middle East after President Trump confirmed that the US launched a surprise strike on Iran’s nuclear sites late Saturday, marking the country’s official entry into the two-week-old conflict. Markets have held mostly steady in the aftermath of the escalation, although US stock futures fell across the board when trading opened Sunday evening. Additionally, bitcoin (BTC-USD) prices, often viewed as a barometer of risk appetite, dropped over 1.6% to trade around $100,500 a coin. WTI crude (CL=F) and Brent (BZ=F) futures jumped,...