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The first flights out of Dubai were cleared to depart since the U.S. and Israel attacked Iran, but service is ‘limited.’ It comes after more than 11,000 flights were canceled in the Middle East.
Oil prices jumped after Iran reportedly said it had closed the Strait of Hormuz. Crude oil prices were up more than 8% on Monday, as market participants feared that war between the U.S. and Iran would spiral out of control and lead to major supply disruptions.
Apple launched a lower-cost iPhone 17e and a new iPad Air powered by its M4 chip. The products opened up a week of product launches on Monday, as Apple begins what looks to be a broader multi-day hardware push.
The S&P 500 ended Monday just above the flatline, rebounding from sharp declines earlier in the day, as investors bought the dip following U.S. and Israel strikes on Iran. The Nasdaq Composite was higher by 0.36%, while the Dow Jones Industrial Average fell 0.15%.
