US stocks opened mixed Wednesday amid Iran conflict concerns and inflation data. Dow fell 325 points, S&P 500 slipped 0.2%, Nasdaq rose 0.1%. Oil prices climbed. Oracle surged 13%.
1 Min Read
US stocks opened mixed on Wednesday as investors monitored developments in the ongoing conflict involving Iran and assessed the latest inflation data, while oil prices climbed on concerns over supply disruptions.
The Dow Jones Industrial Average fell about 325 points, or 0.7%, in early trade. The S&P 500 slipped around 0.2%, while the Nasdaq Composite edged up about 0.1%, supported by gains in technology stocks.
Oil prices moved higher, with West Texas Intermediate futures rising about 3% to around $86 per barrel and Brent Crude trading near $91 per barrel. The gains came amid reports of attacks on vessels near the Strait of Hormuz, raising concerns about global energy supplies.
However, markets found some relief after the International Energy Agency announced plans to release 400 million barrels of oil from strategic reserves, the largest emergency release in its history, to ease supply disruptions triggered by the conflict.
Investors also digested the latest inflation data, which showed the US consumer price index rising 2.4% year-on-year in February, in line with economists’ expectations.
Among individual stocks, shares of Oracle Corporation surged about 13% after the software firm reported better-than-expected quarterly earnings and revenue and raised its fiscal 2027 revenue forecast.
