S&P 500 CLOSES LITTLE CHANGED AS OIL RISES ON IRAN UNCERTAINTY, INTEL LEADS CHIPS LOWER - CNBC
S&P 500 CLOSES LITTLE CHANGED AS OIL RISES ON IRAN UNCERTAINTY, INTEL LEADS CHIPS LOWER - CNBC.COMCurrent: S&P 500 CLOSES LITTLE CHANGED AS OIL RISES ON IRAN UNCERTAINTY, INTEL LEADS CHIPS LOWER - CNBC
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| Source | Latest linked headline | Age |
|---|---|---|
| World - Latest - Google News | S&P 500 CLOSES LITTLE CHANGED AS OIL RISES ON IRAN UNCERTAINTY, INTEL LEADS CHIPS LOWER - CNBC | 1 hr ago |
| Google News | STOCK MARKET TODAY: DOW, NASDAQ SLIP; BERKSHIRE, EBAY IN FOCUS — LIVE UPDATES - WSJ | 3 hrs ago |
WHAT HAPPENED
The S&P 500 closed almost unchanged on Thursday as oil prices spiked amid growing uncertainty over the Strait of Hormuz, following Iran’s announcement that it would keep the waterway closed until the United States agreed to pay for war damages. The market’s slight decline was driven in part by a drop in the technology sector, led by a fall in Intel shares.
According to CNBC live updates, oil climbed after Iran signaled that the Strait would remain closed and demanded payment for war damage. The rise in crude prices, reported by CNN, Bloomberg, and the New York Times, helped offset gains elsewhere, keeping the S&P 500 flat. The Dow and Nasdaq also slipped slightly, as noted by the Wall Street Journal. Intel’s share drop marked the biggest decline in the chip sector, contributing to the overall muted performance.
The Strait of Hormuz is a critical artery for global oil shipments; any disruption can elevate oil prices and trigger market volatility. Recent U.S.–Iran tensions have amplified concerns about supply disruptions and geopolitical risk.
- S&P 500 closed nearly flat as oil prices rose due to Iran’s demand for payment and continued closure of the Strait of Hormuz.
- Intel led the technology sector’s decline, dragging down the broader market.
- Dow and Nasdaq also slipped slightly, with the market reflecting concerns over geopolitical uncertainty.
RELATED DAMMNEWS COVERAGE
- STOCK MARKET TODAY: DOW, NASDAQ SLIP; BERKSHIRE, EBAY IN FOCUS — LIVE UPDATES - WSJ
Business - Latest - Google News • 3 hrs ago • BUSINESS - IRAN DEMANDS U.S. PAY FOR WAR DAMAGE BEFORE AGREEING TO REOPEN STRAIT OF HORMUZ
PBS News Hour - The Latest • 47 mins ago • US - TRUMP DEMANDS IRAN PAY COMPENSATION FOR DECADES OF US SOLDIER DEATHS
The Guardian • 2 hrs ago • UK