NEW YORK (AP) – U.S. stocks have recovered and oil prices fell Monday in hopes not to disrupt the crude trend that Iran is hurting the global economy around the world. Bunker Busting Entry Inside The war with Israel.
The S&P 500 rose 1% and came out in the week when the stock price was on I jumped up and under Conflict concerns can potentially escalate. Dow Jones’ industrial average added 374 points (0.9%), while Nasdaq’s composites earned 0.9%.
Oil prices first rose 6% after trading began on Sunday night as investors got their first chance to respond to US bombings. But it quickly wiped out all those profits and led to sharp losses as the focus shifted from what the US military had done to Iranian responses.
By late Monday, the price of the US oil benchmark barrel fell 7.2%, temporarily surpassing $78 before setting to $68.51. It has almost returned to where it was before the battle began more than a week ago.
Losses accelerated sharply after Iran announced Missile attack on Al Udeid Air Base in QatarIt is used by the US military. Iran said it coincides with the number of bombs dropped by the US at Iran’s nuclear sites last weekend, which could be a signal of a desire to remove the conflict.
Perhaps most importantly, for financial markets, Iran’s retaliation did not appear to target oil flows. The fear of the entire Israeli-Iran war was that it could narrow down the world’s oil supply.
Iran is a major producer of crude oil, Strait of Hormuz Offshore coast where 20% of the world’s daily oil needs pass by by boat.
Several analysts said Iran is likely not closing its waterways as Iran itself uses the straits to move primarily to China.
“It’s the potential for a burnt earth, the movement of Sherman Burning Atlanta,” said Tom Croza, chief market analyst at Turner Mason & Company.
Neil Newman, managing director of Atris Advisory Japan, said that the Israeli-Iran war was a brief conflict, with “one big hit by Americans being effective and you can return to business as usual.
Of course, not everyone is sure of Iran’s next move.
Andy Lipou, a Houston analyst who has covered the oil market for 45 years, said the country is not always a reasonable actor and that he wouldn’t be surprised if Tehran assaulted him for political or emotional reasons.
“If the Strait of Hormuz is completely closed, oil prices will rise from $120 to $130 per barrel,” Lipou said.
“That means the price of all goods transported by truck is higher, making it more difficult for the Fed to lower interest rates.”
There is a Federal Reserve system Hesitant to cut interest rates I’m waiting to see how much this year President Donald Trump’s tariffs It hurts the economy and raises inflation.
inflation It’s still It’s relatively tame Recently, however, when oil and gasoline prices rise, it puts upward pressure on them. That means the Fed can be held on hold as interest rate cuts can boost the economy and increase inflation.
In the bond market, the Ministry of Finance has since been eased Fed Gov. Michelle Bowman said she will support her in the cutting The Federal Reserve’s fees will be at the next meeting in just one month, as long as “inflationary pressure remains under control.”
Treasury yields fell to 4.33% from 4.38% on Friday. The two-year financial yield, which tracks the Fed’s expectations more closely, fell from 3.90% to 3.84%.
On Wall Street, Elon Musk’s Tesla was the only powerful force to push the S&P 500 high after jumping 8.2%. The electric vehicle company began a test run on a small team of self-driving taxis in Austin, Texas on Sunday. That’s something Musk has been advertised for a long time And Tesla’s stock price is essential in itself that it’s high.
Hims & Hers Health fell 34.6% after Novo Nordisk said he wouldn’t work with the company to sell the popular Wegovy obesity drugs. Shares of Novo Nordisk, trading in the US, fell 5.5%.
The S&P 500 rose 57.33 points to 6,025.17. The Dow Jones industrial average was added to 42,581.78 from 374.96, while Nasdaq composites scored 19,630.97 from 183.56.
In overseas stock markets, indexes fell modestly across Europe after mixing in Asia. France’s CAC 40 sank 0.7%, while Hong Kong’s Hansen rose 0.7% in two major global moves.
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Kurtenbach contributed from Bangkok. Tokyo’s AP video journalist Mayuko Ono and Washington’s AP business writer Matt Ott contributed.
