Wall Street drops from its records and oil prices jump after fighting flares in the Middle East
NEW YORK (AP) — U. S. stocks fell from their record heights, while oil prices jumped following escalations in the Middle East that may be undermining the ceasefire in the war with Iran. The S&P 500 fell 0. 4% Monday, coming off its latest all-time high. The Dow Jones Industrial Average dropped 1. 1%, and the Nasdaq composite slipped 0. 2%. Stocks turned lower after the United Arab Emirates, a U. S. ally, said it came under attack by Iran for the first time since the ceasefire took hold in to...
Read MoreMon, 04 May 2026
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