Oil Spikes as Threat of US Conflict With Iran Increases
Crude oil rises on fears of a US conflict with Iran. Prices settled at their highest level since August. Mike McGlone reports. (Source: Bloomberg)
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U.S. equity markets closed higher yesterday, February 19, with the S&P 500 advancing 0.26% to 4892.35. The Dow Jones Industrial Average added 0.23%, while the technology-heavy NASDAQ 100 lost 0.14%. Market breadth was positive with small-caps outperforming large-caps. The Russell 2000 rose 0.29%, suggesting improved risk appetite. In other asset classes, gold declined 0.40%. Treasury bonds fell as yields moved higher. In the headlines, investors focused on oil spikes as threat of us conflict with iran increases. --- *Data reflects today's market close.*
“As sure as the spring will follow the winter, prosperity and economic growth will follow recession.”— Robert Foster Bennett
U.S. equity markets closed higher yesterday, February 19, with the S&P 500 advancing 0.26% to 4892.35. The Dow Jones Industrial Average added 0.23%, while the technology-heavy NASDAQ 100 lost 0.14%. Market breadth was positive with small-caps outperforming large-caps. The Russell 2000 rose 0.29%, suggesting improved risk appetite. In other asset classes, gold declined 0.40%. Treasury bonds fell as yields moved higher. In the headlines, investors focused on oil spikes as threat of us conflict with iran increases. --- *Data reflects today's market close.*
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