Stock Market Today: S&P 500 Falls From Record Highs as Iran Oil Shock Returns
U.S. stocks fell Thursday as renewed U.S.-Iran hostilities sent oil prices sharply higher after the close. The S&P 500 dropped 0.38%, the Nasdaq lost 0.13%, and the Dow fell 0.63%. West Texas Intermediate crude rose as much as 3% to $97.26 a barrel. Semiconductor shares slumped, with the PHLX chip index down 2.7% on supply concerns.