Stock Market Today: S&P 500, Nasdaq Fall as Oil Prices Rise on Iran Peace Talk Doubts The recent surge in oil prices has sent shockwaves through the stock market, causing the benchmark S&P 500 to fall by 0.
4% and the Nasdaq Composite to plummet by a steeper 0. 6%. The decline comes as investors become increasingly anxious about the prospects for a peace deal between the US and Iran.
The price of Brent crude oil has now breached $108, while US WTI topped $100 once more, as tensions between the two nations remain high.