NEW YORK (AP) — Oil prices are rising Monday following the latest fighting to threaten the U.S.-Iran ceasefire, but Wall Street isn’t very worried, and U.S. stocks are hanging around their records.The S&P 500 was virtually unchanged from its all-time high set on Friday. The Dow Jones Industrial Average was down 130 points, or 0.3%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was flat. Both are also coming off records.Science Applications International Corp. jumped 12.3% after becoming the latest U.S. company to report bigger profit for the latest quarter than analysts expected. SAIC also raised its forecasts for upcoming financial results after winning several contracts from the U.S. Department of Homeland Security, army and other agencies. A cavalcade of such profit reports has helped the U.S. stock market push to records even though the war with Iran has driven up the price of oil and inflation by slowing the deliveries of crude coming from the Persian Gulf. The price for a barrel of Brent crude oil, the international standard, rose 5% to $95.69, well above its level of roughly $70 from before the war.
That hurt stocks of companies with already big fuel bills. United Airlines lost 2.7%, and Royal Caribbean Group fell 1.6%.
