Dow Jones Today | US Stock Market highlights: The S&P 500 made a comeback from earlier losses on Monday after President Donald Trump said the war with Iran could be reaching its end.
Dow Jones Today | US Stock Market highlights: The S&P 500 made a comeback from earlier losses on Monday after President Donald Trump said the war with Iran could be reaching its end. The broad market index rose 0.83% to close at 6,795.95, while the Dow Jones Industrial Average added 239.25 points, or 0.5%, and ended at 47,740.80. The blue-chip index is coming off its biggest weekly slide in nearly a year. The Nasdaq Composite jumped 1.38% and settled at 22,695.95.
Oil prices spiked near $120 per barrel before falling back on Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets. The price for a barrel of Brent crude, the international standard, surged to $119.50 per barrel early in the day but later was trading near $105 per barrel. West Texas Intermediate, the light, sweet crude oil produced in the United States, spiked at $119.48 per barrel but fell back to $102 per barrel.