Major US indexes recover after falls earlier in the day amid concerns of rising gas prices
US stocks see-sawed on Monday as investors tried to keep abreast of the news on the first day of trading since the US and Israel attacks on Iran began.
After dipping down over 1% across the board, the major indexes recovered most of their losses even after global markets saw heftier drops earlier in the day. At Monday’s closing, the Dow was down 0.15%, while the S&P 500 was 0.04% up. The tech-heavy Nasdaq was up 0.36% for the day.
Trading focused on tech stocks including Nvidia and Palantir, while a slowdown was seen in travel stocks including airlines United, Delta and American.
Earlier in the day, global markets saw deeper dips, with London’s FTSE 100 share index down 1.2% and Germany’s DAX 2.4% lower at closing.
