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Wall Street dips ahead of earnings
The Standard & Poor's 500 index declined slightly by 0.1%, while the Nasdaq Composite dropped by 0.6%. The Dow Jones Industrial Average rose by 5 points. Meanwhile, oil prices saw notable increases following the escalation of U.S. strikes on Iran, with Brent crude surpassing $94 per barrel, the highest level in a month. Concerns remain about escalating tensions and their impact on inflation and interest rates. The oil market indicated a possible increase in interest rates by the Federal Reserve, with expectations of a potential quarter-point hike in September, as investors await economic data and regional developments.
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