US stocks fall as Middle East tensions lift oil prices

moneycontrol.com —

US stocks fell Monday as Middle East peace hopes faded and inflation concerns rose, with the Dow down 0.5% and Nasdaq 100 down 0.8% in early trading. Iran and the US remained far apart on a ceasefire and reopening the Strait of Hormuz, pushing Brent crude to about $107 a barrel despite Saudi Arabia resuming pipeline exports. A Treasury selloff resumed, and analysts warned oil dips would be short-lived while Iran controls the strait. This week brings key economic data expected to show a strengthening US economy, supporting Fed arguments for higher rates. Micron's earnings Wednesday will test the AI trade, while Nvidia gained on a record $150 billion buyback and MongoDB plunged after Meta hired its CEO.


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