Stock market today: Dow, S&P 500, Nasdaq fall as oil prices rise, US-Canada trade war escalates
US stocks slid on Tuesday as the US and Canada's trade war escalated and rising oil prices and inflation jitters took focus at the start of the holiday-shortened week.The Dow Jones Industrial Average (^DJI) fell 1.1%, while the S&P 500 (^GSPC) slipped roughly 0.5%. The tech-heavy Nasdaq Composite (^IXIC) fell 0.3% as investors eyed inflation data and Oracle earnings later this week.Rising oil prices put pressure on markets as Iran said it was close to a deal with Oman to manage traffic through the Strait of Hormuz. Brent crude oil futures (BZ=F), the global benchmark, crept toward $100 per barrel, while US benchmark WTI crude (CL=F) traded above $93 per barrel.
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