Now Reading: US stocks open flat as Iran tensions and oil rise weigh on markets
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US stocks open flat as Iran tensions and oil rise weigh on markets
US stocks open flat as Iran tensions and oil rise weigh on markets
US stocks opened flat on Monday as investors weighed rising Iran-US tensions and higher oil prices. The S&P 500 edged up 0.1%, while the Nasdaq turned red, pulled down by a fall…
The Story in Brief
US stocks opened flat on Monday as investors weighed rising Iran-US tensions and higher oil prices. The S&P 500 edged up 0.1%, while the Nasdaq turned red, pulled down by a fall in Intel shares. The Dow Jones Industrial Average was little changed.
The muted start came as crude oil prices climbed on fears of disruption to shipping through the Strait of Hormuz, a key chokepoint for global oil supplies. Markets are also pricing in the chances of a US Federal Reserve rate cut later this year. NDTV Profit reports that traders are awaiting more clarity on the Iran situation before making big bets.
The Indian Opinion
The breathless framing of every Iran-related move as a crisis does not match the muted action in markets today. A 0.1% dip in the S&P 500 is hardly a rout, yet headlines scream 'drag' and 'subdued.' The real story is not panic but patience: traders are waiting for clarity on Hormuz, not stampeding for exits. Watch the next settlement price of Brent crude. If it holds below $85, the 'tension premium' narrative will have been overblown once more.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
