U.S. Stocks Are Mixed as Their Record-breaking Rally Slows

The U.S. stock market's record-breaking rally is slowing on Monday after uncertainty rose over the weekend about what will happen next in the Iran war, while oil prices are rising.

The S&P 500 edged down by less than 0.1 percent, coming off its latest all-time high driven by strong profit reports from U.S. companies and hopes that the United States and Iran can avoid a worst-case scenario for the economy because of their war. The Dow Jones Industrial Average was up 86 points, or 0.2 percent, as of 9:35 a.m. Eastern time, and the Nasdaq was 0.3 percent lower after setting its own record.

The moves were stronger in the oil market, where prices climbed more than 1.5 percent as tankers still find the Strait of Hormuz effectively closed. That's keeping crude stuck in the Middle East and away from customers worldwide, including crude produced by Iran that’s being blockaded by the U.S. Navy.

Please select this link to read the complete article from The Associated Press.