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Stocks Gain, Oil Prices Climb Amid Iran War

Published 1 month ago
Description

Stock markets showed resilience amid rising oil prices, with the S&P 500 gaining 0.2% and the Dow Jones Industrial Average rising 0.1%. Airline stocks led the gains, with Delta Airlines soaring 6.6% on a positive profit outlook. Uber Technologies surged 4.2% on expanding its self-driving vehicle partnership with Nvidia. However, Cencora shares dropped 3.2% after its CFO announced retirement. U.S. markets have historically rebounded quickly from Middle East tensions, with the S&P 500 just under 4% from its record high.

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