Stocks Halt Rebound as Oil Hits $80 on War Angst: Markets Wrap
- US shares Israel’s view Iranian attack is increasingly likely
- Morgan Stanley’s Wilson says unclear growth cues to cap gains
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Stocks struggled for direction ahead of US inflation data, with the latest geopolitical developments curbing the appetite for risk.
Just a week after the panic selling that shook trading around the globe, the S&P 500 was flat. With Wall Street still reeling from last Monday’s wild gyrations, many investors are refraining from making big bets as they await more signals about the health of the world’s largest economy. Oil hit $80 and bonds gained as the US believes an Iranian attack against Israel is increasingly likely.