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AAP

Business

Crude oil prices rise after latest US-Iran fighting, and US stocks slip

United States Iran Oil IBM Nasdaq

NEW YORK (AP) — Oil prices are rising following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn't very worried. The S&P 500 slipped 0.1% early Monday, falling a bit below the record it set last week. The Dow Jones Industrial Average fell 166 points, and the Nasdaq composite was little changed. Brent crude climbed 4.7%, and Treasury yields moved higher in the bond market. Tech stocks held up better than the rest of the market. Science Applications International Corp. soared after becoming the latest U.S. company to report bigger profit for the latest quarter than analysts expected.

THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.

Wall Street was poised to open with gains Monday and oil prices jumped again as tensions between the U.S. and Iran escalated.

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