Markets Right Now: Stocks end mostly lower, oil price rises

FILE - In this April 12, 2019, file photo trader Steven Kaplan works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 22. (AP Photo/Richard Drew, File)

Stocks closed mostly lower on Wall Street, but energy companies rose sharply as the price of crude oil shot higher.

NEW YORK — The latest on developments in financial markets (all times local):

4 p.m.

Stocks closed mostly lower on Wall Street, but energy companies rose sharply as the price of crude oil shot higher.

Real estate and industrial companies as well as banks fell broadly on Monday. Simon Property Group lost 2.4% and Boeing fell 1.3%.

The price of crude oil surged to its highest level since October after the U.S. moved to further block Iranian oil exports. That helped lift energy stocks.

The S&P 500 index wavered between gains and losses for much of the day before ending up 2 points, or 0.1%, at 2,907.

The Dow Jones Industrial Average fell 48 points, or 0.2%, to 26,511. The Nasdaq rose 17 points, or 0.2%, to 8,015.

Small-company stocks fell. More stocks fell than rose on the New York Stock Exchange.

___

11:45 a.m.

The price of crude oil surged after the U.S. moved to further block Iranian oil exports.

That helped lift energy stocks Monday, but losses elsewhere in the market held indexes in check.

The S&P 500 flip-flopped between modest gains and losses in morning trading, much as it has the last few weeks.

The Trump administration said it will no longer exempt any countries from U.S. sanctions if they continue to buy Iranian oil, including China and Japan.

That helped the price of benchmark U.S. crude touch its highest level since October.

Real estate stocks and companies that make basic materials fell.

The S&P 500 edged up 1 point to 2,906.

The Dow Jones Industrial Average fell 17 points, or 0.1%, to 26,541. The Nasdaq rose 2 points to 8,000.

___

9:35 a.m.

Stocks are opening mostly lower on Wall Street following a long holiday weekend, while energy stocks rose along with crude oil prices.

Benchmark U.S. crude oil rose 2.4% early Monday after the U.S. said it wouldn't renew waivers to five countries exempting them from sanctions if they continued to import oil from Iran.

Marathon Oil jumped 2.7%. Other energy companies also rose.

Elsewhere, technology stocks and companies that rely on consumer spending posted some of the biggest losses.

Western Digital fell 2.3% and Mattel dropped 3.9%

The S&P 500 fell 8 points, or 0.3%, to 2,896.

The Dow Jones Industrial Average fell 84 points, or 0.3%, to 26,472. The Nasdaq fell 29 points, or 0.4%, to 7,968.

Bond prices fell. The yield on the 10 year Treasury rose to 2.57%.

Related News

Medicaid estimate renews cost concerns over...

Aug 12, 2016

Government cost estimates for expanding Medicaid to millions more low-income people are increasing...

Studies shine light on mysterious placenta, how...

Aug 12, 2016

Placenta is most mysterious organ: Scientists don't know how this tissue that nourishes a fetus...

3 years into nation's hemp experiment, crop's...

Aug 12, 2016

Three years into the nation's hemp experiment, the crop's hazy market potential is starting to come...

Tepid retail sales lower expectations for US...

Aug 12, 2016

Tepid retail spending in July lowers expectations for US economic growth in coming months

US producer prices slid 0.4 percent in July

Aug 12, 2016

US producer prices fell last month by the biggest percentage since September, pulled down by...

Pressuring Trump, Clinton releases 2015 tax...

Aug 13, 2016

Hillary Clinton and her husband earned $10.6 million last year, according to a tax filing released...

Here at The World Agenda, we bring innovation to digital news for you to keep abreast of worldwide news instantly anywhere.

Contact us: sales[at]theworldagenda.com