Business · Energy & Commodities · 3 hrs ago

US stocks mixed as oil prices rise and markets await economic data

US stocks mixed as oil prices rise and markets await economic data

US stocks started the week with mixed moves, while major indexes stayed near record levels.

The Dow rose 0.2%, the Nasdaq fell 0.1%, and the S&P 500 was little changed.

Oil prices climbed, with Brent crude, a global benchmark, up 2.1% to $106.95 a barrel.

Energy shares gained, while some technology shares fell.

Oil prices have swung between $96 and nearly $110 over the past month amid uncertainty about the US war with Iran and its effects on energy supplies and inflation.

Higher energy costs matter because they can affect inflation and the wider economy.

Investors are watching for new figures on housing, inflation and retail sales, along with results from major banks including Citigroup, JPMorgan Chase and Wells Fargo.

Sources

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