5
Global stock markets are experiencing declines amid uncertainty over whether the global economy can withstand rising oil prices, which briefly reached nearly $120 a barrel on Monday. The volatility comes as concerns mount following military actions involving the United States, Israel, and Iran.
The S&P 500 fell 0.5% after dropping as much as 1.5% earlier in the day. The Dow Jones Industrial Average was down 365 points, or 0.8%, as of 11:30 a.m. Eastern Time, while the Nasdaq Composite was 0.1% lower. These declines followed even sharper drops in European and Asian stock markets.
