Commodities
US Stocks Teeter Near Record High Amid Ongoing Oil Price Uncertainty
The US stock market is hovering near its all-time high as oil prices rise due to uncertainty about when the Strait of Hormuz will reopen, affecting global crude flow.
The S&P 500 fell 0.1% after fluctuating between small gains and losses, coming off its record set on Friday.
The Dow Jones Industrial Average dropped 133 points, or 0.3%, as of 2:03 p.m. Eastern time, while the Nasdaq composite was 0.4% lower.