U.S. Stock Indices End Lower on Monday as Oil Surges Above $80 Amid Iran Tensions

SPX500-0.58%
NAS100-0.57%
US30-0.48%
On Monday (July 14), U.S. stock indices ended lower as oil prices and bond yields spiked following fresh tensions between the U.S. and Iran over the Strait of Hormuz, stoking inflation concerns. The S&P 500 fell 0.8%, the Nasdaq 100 dropped 1.9%, and the Dow Jones Industrial Average eased 0.3%. Brent crude prices jumped above $80 per barrel, with markets now pricing in the risk of a sooner-than-expected interest rate hike. "The energy sector is driving price action in global markets," said Ian Lyngen at BMO Capital Markets. "There is a growing sense that the situation is likely to get worse before it de-escalates."
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