NEW YORK (AP) — U.S. stocks are opening higher as some of last week’s moves driven by worries about war in the Middle East unwind. The S&P 500 was 0.4% higher early Monday. The Dow rose 220, and the Nasdaq composite rose 0.4%.
Treasury yields were edging higher after tumbling last week on worries that fighting in Gaza will escalate. The price of gold also slipped as last week’s flight toward safer investments waned a bit. Crude oil prices were mixed after a volatile week spurred by worries that the war could result in disruptions to supplies from Iran or other big producers.BANGKOK — World shares fell and oil prices were mixed as investors braced Monday for an expected invasion by Israel in the Gaza Strip.
More than a million people have fled their homes in the besieged enclave in the past week, ahead of the anticipated invasion meant to eliminate Hamas’ leadership after its deadly Oct. 7 attack. Early Monday, U.S. crude oil edged 4 cents higher to $87.73 per barrel. On Friday, the price of a barrel of benchmark U.S. crude oil jumped $4.78 to settle at $87.69.
Persisting inflationary pressures along with higher oil prices have raised doubts about that, threatening confidence in the “'remarkable resilience' of the U.S. economy, which buoyed stock markets until a few months ago,” Stephen Innes of SPI Asset Management said in a report.
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