Commodities
US Stock Market Holds Steady Amid Rising Oil Prices
The US stock market remained near its all-time high on Monday despite some fluctuations. The S&P 500 was barely changed in early trading, coming off its record set on Friday.
The Dow Jones Industrial Average slipped by 72 points, while the Nasdaq composite fell 0.1%. Several big tech stocks, including Apple and Intel, were falling in early trading. However, Berkshire Hathaway rose after delivering a stronger profit than analysts expected.
The uncertainty surrounding the Strait of Hormuz had a significant impact on oil prices. Brent crude rose by 1.6%, while US benchmark crude advanced by 1.4% to $79.30 per barrel.