The Dow Jones Industrial Average fell on Tuesday as the week began with a shortened trading week, with Wall Street investors monitoring developments in the U.S.-Iran conflict and renewed trade tensions between Canada and the United States.
The Dow Jones dropped about 511 points, or 0.7%, while the S&P 500 fell 0.2% and the Nasdaq Composite declined 0.1%. U.S. markets were closed on Monday for the Labor Day holiday.
Stocks were pressured as oil prices surged to six-week highs, marking their third consecutive session of gains, following the exchange of military strikes between the U.S. and Iran over the weekend.
Brent crude futures rose 2.3% to $99.22 a barrel, while West Texas Intermediate crude futures jumped 3.3% to $94.54 a barrel.
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The Dow Jones dropped about 511 points, or 0.7%, while the S&P 500 fell 0.2% and the Nasdaq Composite declined 0.1%. U.S. markets were closed on Monday for the Labor Day holiday.
Stocks were pressured as oil prices surged to six-week highs, marking their third consecutive session of gains, following the exchange of military strikes between the U.S. and Iran over the weekend.
Brent crude futures rose 2.3% to $99.22 a barrel, while West Texas Intermediate crude futures jumped 3.3% to $94.54 a barrel.
$CL