NEW YORK — U.S. stocks are swinging again Monday as oil prices keep climbing because of uncertainty about when the war with Iran could end. The S&P 500 rose 0.5 percent in midday trading, coming off its worst week since the war with Iran began. The Dow Jones Industrial Average was up 411 points, or 0.9 percent, as of 11:50 a.m. Eastern time, and the Nasdaq composite was 0.4 percent higher. That followed gains for stock markets in much of Europe, but caution was still prevalent throughout financial markets. After jumping to an initial gain of 0.9 percent, the S&P 500 quickly erased virtually all of it before drifting back upward. Stocks in some Asian markets fell sharply, while the price for a barrel of Brent crude delivered in June rose 1.9 percent to $107.28. The mixed movements followed a whirlwind of action in the war over the weekend, including an entry into the fighting by Houthi rebels in Yemen. The main issue for investors is whether oil and natural gas can resume their full flow from the Persian Gulf to customers worldwide and prevent a brutal blast of inflation. Shortly before
First European case of H9N2 bird flu reported in Italy what you need to know
...
Read moreDetails
