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Karee Venema

Dow Drops 557 Points as Iran Tensions Ramp Up: Stock Market Today

eBay Iran Stock Market Donald Trump GME the Middle East TradingView GameStop Norwegian Cruise Line the Wall Street Journal

(Image credit: Getty Images)

Stocks closed lower Monday and oil prices climbed on escalating tensions in the Middle East. Market participants also took a cautious stance ahead of another busy week of corporate earnings and Friday's key jobs report.

Over the weekend, President Donald Trump said via Truth Social that the U.S. will begin guiding ships out of the Strait of Hormuz that have been stranded there during the conflict between the U.S., Israel and Iran.

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