NEW YORK (AP) — Oil prices are rising Monday following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn't very worried, and U.S. stocks are hanging near their records.
The S&P 500 added 0.3% to its all-time high set on Friday. The Dow Jones Industrial Average was down 108 points, or 0.2%, as of 1:38 p.m. Eastern time, and the Nasdaq composite was 0.5% higher. Both are also coming off records.
The majority of U.S. stocks fell, and some of the worst performers were companies with big fuel bills hurt by the rise in oil prices. United Airlines lost 2.4%, and Alaska Air Group fell 2.6% after the price for a barrel of Brent crude oil climbed 5.2% to $95.86. 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.
