NEW YORK (AP) — U.S. stocks are climbing, and the price of oil is tumbling Monday on growing hopes that Iran will not disrupt the global flow of crude, something that would hurt economies worldwide but also its own, following the United States’ bunker-busting entry into its war with Israel.
The S&P 500 was 0.7% higher in afternoon trading, coming off a week where stock prices had jumped up and down on worries about the conflict potentially escalating. The Dow Jones Industrial Average was up 269 points, or 0.6%, as of 2 p.m. Eastern time, and the Nasdaq composite was 0.8% higher.
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