Wall Street’s key stock indices tumbled on Monday, as soaring oil prices heightened inflation worries, amid the raging Middle East conflict.
As of 9:35 a.m. Eastern Time, the S&P 500 fell 1%, the Dow Jones Industrial Average was down 1.2%, and the Nasdaq Composite was 0.8% lower.
Early Monday, the price for a barrel of Brent crude, the international standard, briefly touched $119.50.