Commodities
Wall Street Stocks Waver Amid Easing Middle East Tensions
Stocks on Wall Street have been wavering as tensions in the Middle East begin to ease. The U.S. and Iran have paused their attacks, and negotiations are set to resume to end the war. As a result, crude oil prices dropped by 5%.
The S&P 500 index fell 0.2%, marking its second consecutive weekly loss. However, the Dow Jones Industrial Average rose 218 points or 0.4% as of 10:37 am Eastern time. The Nasdaq composite also took a hit, falling 0.6%.
The development in the Middle East has had a significant impact on the markets, causing stocks to fluctuate. Despite the pause in attacks, concerns about future conflicts remain.