US Stocks Edge Higher Amid Ongoing Global Tensions
The US stock market finished the week on a mixed note as oil prices fell for the first time in a week. The major indices experienced losses, with the S&P 500 barely budging and ending at 7,411.98.
The Dow Jones Industrial Average rose by 235.60 points to 51,947.25, while the Nasdaq declined by 161.87 points to 24,975.82.
Investors are concerned about escalating tensions in the Middle East and the potential impact on oil prices. Brent crude fell 3.9% to $96.78, down from its recent high above $100 per barrel.
The latest round of corporate earnings showed that companies are still experiencing growth, but investors remain worried about the sustainability of profits due to increasing energy costs and fresh tariffs.