Commodities
US Stocks Plummet as Iran Tensions Send Oil Prices Soaring
US stock markets opened lower on Monday as military strikes between the US and Iran sent oil prices soaring, fueling inflation concerns amid a more hawkish interest-rate outlook.
The Dow Jones Industrial Average plummeted by 97.4 points, or 0.18%, at the open to 53,462.6. The S&P 500 dropped 14.2 points, or 0.18%, at the opening bell to 7,697.52, while the Nasdaq Composite fell 43.9 points, or 0.17%, to 26,358.559.
The escalation of tensions in the Middle East is putting pressure on investors, who are worried about the potential impact on global markets and inflation rates.