US Stock Market Today: Dow Jones, S&P 500 and Nasdaq Pare Losses as Iran Oil Shock Hits Wall Street
U.S. stocks pared early losses by midday Thursday as efforts to reopen the Strait of Hormuz eased market fears. The Dow was down 0.3%, the S&P 500 slipped 0.18%, and the Nasdaq fell 0.23%. Oil prices remained elevated, with U.S. crude up over 9% and gasoline above $4 a gallon. Airline shares dropped while energy stocks edged higher.