NEW YORK — U.S. stocks are approaching their records ahead of a huge week for earnings reports from Big Tech business. Oil costs are toppling after Israel assaulted Iran, striking mainly military targets and not oil production centers as some forecasted. The S&P 500 was 0.5% greater in early trading Monday. The primary step of the U.S. stock market is coming off its initially losing week in the last 7, however it’s still near its all-time high set earlier this month. The Dow Jones Industrial Average was up 280 points, or 0.7%. The Nasdaq composite was up 0.7%, near the all-time high set in July.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows listedbelow.
Wall Street pointed towards gains before markets opened on Monday and oil rates sank after Israel assaulted Iran, striking mostly military targets and not oil production centers as some forecasted.
Futures for the S&P 500 increased 0.4% before the bell, while futures for the Dow Jones Industrial Average climbedup 0.3%.
Crude oil rates fell dramatically after a vindictive strike by Israel over the weekend targeted Iranian military websites rather than its energy facilities as hadactually been feared. Benchmark U.S. crude fell $4.22, or 5.9%, to $68.32 a barrel. Brent unrefined, the worldwide basic, fell $4.23, or 5.6%, to $71.40 a barrel.
Prices for crude increased internationally on Oct. 2 after Iran fired almost 200 rockets into Israel, an escalation of attacks inbetween Israel and Iran and its Arab allies that threatened to push the Middle East closer to a regionwide war.
Many publicly-traded energy business saw their shares decrease anywh