US stocks drift higher ahead of Trump's deadline to bomb Iranian power plants
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US stocks rose on Monday ahead of a deadline set by President Donald Trump to bomb Iranian power plants, with the S&P 500 gaining 0.4% and the Dow Jones Industrial Average adding 165 points. The rise in stock prices came despite uncertainty about the war with Iran and its impact on the global flow of oil and natural gas.
US stocks rose on Monday, with the S&P 500 gaining 0.4% and the Dow Jones Industrial Average adding 165 points. The rise came ahead of a deadline set by President Donald Trump to bomb Iranian power plants. Oil prices also rose, with the price for a barrel of benchmark US crude rising 0.8% to $112.41. The war with Iran has blocked much of the crude produced in the Persian Gulf area, causing pain for countries that rely on oil from the Middle East. The average price for a gallon of regular gasoline is nearly $4.12 across the US. Big Tech stocks had a split performance, with Apple and Amazon rising, while Tesla and Microsoft fell. Bank stocks were strong, with JPMorgan Chase rising 1.3%.
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