The price of oil rose and stocks fell on Wall Street Monday after the U.S. launched its first military action in a month against Iran.
The S&P 500 index fell 0.4%. The Dow Jones Industrial Average fell 348 points, or 0.7%, as of 9:51 a.m. Eastern time. The Nasdaq fell 0.3%.
The losses were broad, with nearly every sector within the benchmark S&P 500 losing ground. Energy stocks, though broadly gained ground. Exxon Mobil rose 2.9% and Chevron rose 3%.
Markets were mixed in Europe and Asia.
GameStop jumped 4.2% after the video game retailer provided a preliminary second-quarter earnings outlook above its year-ago results. Shares of Aon fell 5.8% as the company announced that it was buying insurance broker USI Insurance Services from private equity firm KKR in a deal valued at $17 billion, including debt.
