Global shares trade mixed as Brent oil keeps rising due to fighting in Iran - AP News
U.S. stock markets saw mixed results as rising oil prices, driven by ongoing conflict in Iran, weighed on investor sentiment. While major indices remained relatively flat, individual companies like Super Micro Computer and Philip Morris saw significant movement based on earnings reports.
Why it matters
Global geopolitical instability continues to directly impact energy prices and market volatility, influencing investor behavior across various sectors.
Add AP News as your preferred source to see more of our stories on Google. --> Share
NEW YORK (AP) — U.S. stock indexes barely budged on Wednesday after oil prices climbed another 3% as fighting continues in the war with Iran .
The S&P 500 edged down by 0.1%, coming off its best day in three weeks . The Dow Jones Industrial Average dipped 6 points, or less than 0.1%, and the Nasdaq composite fell 0.6%.
Despite the modest moves for indexes, stocks had some big swings underneath the surface. Philip Morris International rallied 3.3% after the seller of Marlboro cigarettes reported stronger profit and revenue for the latest quarter than expected. Its shipments of smoke-free products rose 7.5%.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in