Wall Street Stocks Waver Amidst Cooling Mideast Tensions
Stocks on Wall Street ended Monday in a mixed bag, following last week's sharp escalation of fighting between the US and Iran. The S&P 500 rose less than 0.1% after bouncing between small gains and losses throughout the day.
The Dow Jones Industrial Average rose 0.5%, while the Nasdaq composite fell 0.2%, marking its fourth straight loss.
Oil prices took a hit, with Brent crude dropping 6.3% to settle at $85.87 a barrel for October delivery, and US crude oil falling 7.5% to $82.61 a barrel.
Market analysts are looking ahead to a busy week of economic updates and company earnings reports, including the Federal Reserve's interest rate policy update on Wednesday.