Wall Street stocks fell on Monday as early gains faded amid escalating US-Iran conflict, higher oil prices and caution ahead of key earnings reports, according to RTHK reported.
Iranian President Masoud Pezeshkian said the country was engaged in a full-scale war with the United States, while Houthi rebels said they would blockade Saudi ports. Brent oil futures ended up 1.3 percent at US$89.22 per barrel after earlier topping US$90, and US petrol prices rose back above US$4 a gallon, the AAA motor club said.
Patrick O'Hare of Briefing.com said investors were still hesitant over whether tech earnings would meet elevated expectations tied to artificial intelligence. The S&P 500 fell 0.2 percent to 7,443, the Dow dropped 0.6 percent to 51,839 and the Nasdaq was down less than 0.1 percent at 25,508.
Stocks Retreat As US-Iran Tensions Lift Oil Prices
2026-07-20 21:22:18
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Trump imposes additional 50% tariffs on Canadian goods
