Stocks fall as Trump’s Tuesday night deadline for Iran looms: 'The market is certainly on edge'
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Stocks fell and oil prices rose as the US and Iran conflict escalated, despite President Trump's claims of productive talks. The S&P 500 fell 0.4% and the Dow Jones Industrial Average was down 351 points, as the price of Brent crude oil rose 3.5% to $103.42.
The US stock market fell on Tuesday as the conflict with Iran continued. Oil prices rose, with Brent crude up 3.5% to $103.42. The S&P 500 fell 0.4% and the Dow Jones Industrial Average was down 351 points. The yield on the 10-year Treasury rose to 4.40%. Companies with big fuel bills, such as United Airlines and Norwegian Cruise Line, fell after the price of oil resumed its climb. The market's losses were partially offset by Smithfield Foods, which rose 4.7% after reporting stronger profit and revenue.
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