S&P 500 Falls Amid Oil Spike as Middle East Conflict Intensifies

The market didn't flinch at a war restarting. It flinched at the price of oil.

US stocks slumped on Monday, led by declines in interest-rate sensitive utilities shares while gains in energy companies offset losses elsewhere, after the US and Iran exchanged strikes for the first time in about a month.

Read it at Bloomberg Markets ↗

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