Dow Rises 0.5% as Brent Hits $106 After Russia Strikes Ukraine Power Plants
Updated
Updated · Yahoo Finance · Oct 12
Dow Rises 0.5% as Brent Hits $106 After Russia Strikes Ukraine Power Plants
3 articles · Updated · Yahoo Finance · Oct 12
Summary
The Dow gained 0.5% Monday morning, while the S&P 500 slipped below flat and the Nasdaq fell 0.3% after last week’s record highs.
Brent crude climbed to $106 a barrel and WTI to $93 after Russia struck Ukrainian power plants, undercutting President Trump’s claim that Moscow and Kyiv had agreed to spare energy infrastructure.
Geopolitical risk widened as Trump also suggested the US could join Saudi attacks on the Houthis after a weekend strike on Saudi Arabia’s main airport killed 12.
Wall Street’s next test comes Tuesday, when JPMorgan, Goldman Sachs, Citi and Wells Fargo kick off big-bank earnings ahead of US inflation and retail sales data later this week.