US Stocks Fall Amid Geopolitical Uncertainty and Rising Oil Prices
The US stock market saw a cautious trading session due to ongoing geopolitical uncertainty in the Middle East and rising oil prices. The Dow Jones Index declined by 0.74% to 53,947.26, while the S&P 500 fell 0.11% to 7,715.08.
The increase in oil prices led to higher Treasury yields, causing concerns over inflation. However, some technology and energy companies provided a respite for investors.
Microsoft led the Dow's gainers, supported by strength in large-cap technology stocks, while Alphabet remained under pressure due to reduced exposure to mega-cap technology stocks.