NEW YORK (AP) — Oil prices rose Monday following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn't very worried, and U.S. stocks are rising toward more records.
The S&P 500 added 0.4% to its all-time high set on Friday. The Dow Jones Industrial Average was up 24 points, or less than 0.1%, with an hour remaining in trading, and the Nasdaq composite was 0.7% higher. Both are also coming off records.
A slight majority of U.S. stocks actually fell, including companies with big fuel bills hurt by higher oil prices. United Airlines lost 2.1%, and Alaska Air Group fell 3% after the price for a barrel of Brent crude oil climbed 4.2% to settle at $94.98. That clawed back a chunk of Brent's loss from last week and means it's still well above its price of roughly $70 from before the war.
