S&P 500 Falls as Oil Rises Amid U.S.-Iran Tensions Over Hormuz Strait
The S&P 500 (^GSPC) fell 0.46% in early trading as tensions between the U.S. and Iran over the Strait of Hormuz escalated, pushing oil prices toward $100 a barrel. The situation has raised concerns about corporate margins and equity valuations, with the market also awaiting Tesla earnings and a potential ceasefire expiration.
Tickers: $TSLA
Topics: Hormuz Strait market_volatility oil_prices S&P 500 U.S.-Iran_conflict