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U.S. stocks hold steadier as Wall Street waits for the next signal on how long war with Iran may last

NEW YORK (AP) — The U.S. stock market held steadier Tuesday as Wall Street waited for the next signal on when the war with Iran may end. The S&P 500 dipped 0.2%, a day after its latest wild swings caused by extreme moves in the oil market. The Dow Jones Industrial Average fell 34 points, or 0.1%, and the Nasdaq composite edged higher by less than 0.1%. Oil prices, meanwhile, remained sharply below their peaks hit on Monday. Such spikes have been rocking financial markets worldwide because of worries that the war could block the global flow of oil and natural gas for a long ...

U.S. stocks erase a big early loss and rise after oil prices whip from nearly $120 back below $90

NEW YORK (AP) — The U.S. stock market careened through a manic Monday, going from a steep early loss to a solid gain as worries turned into hope that the war with Iran may not last that long. Oil prices whipped from nearly $120 per barrel, their highest since 2022, back toward $90. The S&P 500 dropped as much as 1.5% in the morning before flipping to a gain of 0.8%. The Dow Jones Industrial Average clawed back a plunge of nearly 900 points to rise 239 points, or 0.5%, while the Nasdaq composite climbed 1.4%. They’re the latest hour-to-hour swings to pummel financial markets ...

Stocks rebound after strong economic updates and as oil prices stop spiking

NEW YORK (AP) — The U.S. stock market rebounded Wednesday from two days of punishing swings after oil prices stopped spiking and reports gave encouraging updates on the economy. The S&P 500 rose 0.8% and made back most of its losses since the war with Iran began. The Dow Jones Industrial Average climbed 238 points, or 0.5%, and the Nasdaq composite climbed 1.3%. The strength followed a scary start to Wednesday, when South Korea’s Kospi stock index plunged 12.1% for its worst loss in history. Uncertainty about the war has sent prices in financial markets careening up and down this ...

U.S. stocks erase sharp losses, while oil prices leap on worries about Iran war

NEW YORK (AP) — Oil prices leaped Monday on worries that war with Iran could clog the global flow of crude and make inflation even worse. U.S. stocks, meanwhile, swung from sharp losses to a tiny gain. Crude prices jumped more than 6%, which will likely mean higher prices soon at gasoline pumps. That would hurt not only U.S. households, whose spending makes up the bulk of the U.S. economy, but also businesses with big fuel bills. The S&P 500 fell as much as 1.2% at the start of trading, and cruise lines and airlines led the way lower. But U.S. stocks quickly erased those losses, in ...