U.S. stocks swung as oil prices kept climbing because of uncertainty about when the war with Iran could end.
The S&P 500 fell 0.4 per cent Monday and deepened its loss since the war began to pull 9.1 per cent below its record. The Dow Jones Industrial Average rose 0.1 per cent, and the Nasdaq composite fell 0.7 per cent. Caution was prevalent throughout markets. After jumping to an initial gain of 0.9 per cent, the S&P 500 quickly erased nearly all of it before seesawing lower. Indexes rose in Europe but fell sharply in some Asian markets, while the price of U.S. oil topped US$100 per barrel.
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Stan Choe, The Associated Press. AP Business Writers Yuri Kageyama and Matt Ott and AP journalist Ayaka McGill contributed to this report.
