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International Business Times

Business

The U.S. And Iran Are Escalating Clashes Again. Stocks Dropped And Oil Soared Almost 10%

Donald Trump Iran Oil United States Israel

Stocks dropped on Monday as tensions between the U.S. and Israel flare up again.

Stocks dropped and oil soared on Monday as tensions between the U.S. and Iran flare up again.

The S&P 500 fell 0.79%, while the tech-heavy Nasdaq Composite underperformed, falling 1.55% dragged by chipmakers. Sandisk, Intel and Micron Technology were among the companies whose shares fell the most. The Dow Jones Industrial Average fell 0.26%.

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