Dow Jones Today | US Stock Market LIVE Updates: Stock futures edged higher on Monday (March 16) as Wall Street attempted to rebound from another losing week, with investors keeping a close watch on oil prices and developments in the US-Iran conflict.
Crude oil stayed above $100 a barrel on Monday, and Gulf countries reported more attacks by Iran as the war entered its third week, while share prices were mixed. A barrel of Brent crude, the international standard, was up 2.5% at $105.70. It’s climbed more than 40% since the war began. US benchmark crude gained 1.6% to $100.29 per barrel. It’s up nearly 50% since the war began.
US President Donald Trump said over the weekend that he was demanding other countries help to protect the key maritime corridor, adding that he was in conversation with several allies about securing the Strait.
In early European trading, Germany’s DAX edged 0.1% lower to 23,423.51, while the CAC 40 in Paris shed 0.2% to 7,893.16. Britain’s FTSE 100 inched up 0.2% to 10,276.43. In Asia, Tokyo’s Nikkei 225 edged 0.1% lower to 53,751.15, while the Kospi in South Korea climbed 1.1% to 5,549.85. Hong Kong’s Hang Seng rose 1.5% to 25,834.02 after the Chinese government reported stronger-than-forecast economic data for February. The Shanghai Composite index shed 0.3%, however, to 4,084.79. In Australia, the S&P/ASX 200 gave up 0.4% to 8,583.40. Taiwan’s Taiex edged 0.2% lower, while India’s Sensex was little changed.
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