Wall Street opens lower as U.S.-Iran strikes lift oil prices

  • Wall Street's main indexes opened lower after U.S.-Iran military strikes.
  • The Dow fell 97.4 points, or 0.18%, to 53,462.6.
  • Higher oil prices fueled inflation concerns as rate expectations turned more hawkish.

U.S.-Iran military strikes pushed oil prices higher, sending Wall Street's main indexes lower at Monday's open and heightening inflation concerns as investors assessed a more hawkish interest-rate outlook. The Dow Jones Industrial Average fell 97.4 points, or 0.18%, to 53,462.6. The S&P 500 dropped 14.2 points, or 0.18%, to 7,697.52, while the Nasdaq Composite declined 43.9 points, or 0.17%, to 26,358.559.

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Wall Street opens lower as U.S.-Iran strikes lift oil prices - CoinPost Terminal