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Wall Street declines as oil hits $100
Wall Street indices declined at the opening, as oil prices rose above $100 a barrel for the first time since July, amid escalating tensions in the Middle East. This has raised concerns about its impact on inflation and financial markets. The Dow Jones index fell by 78.2 points (0.15%), the S&P 500 dropped 12.8 points (0.17%), while the Nasdaq declined by 96.4 points (0.36%). This decline coincides with the rise in oil prices, reflecting market sensitivity to geopolitical tensions and expectations of rising inflation.
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