Oil prices rise, stocks fall after ceasefire said 'over' | Arkansas Democrat Gazette

Oil prices rose and stock markets fell in volatile trading worldwide on Wednesday after President Donald Trump raised doubts about a temporary ceasefire in the war with Iran. The S&P 500 slid as much as 1.1% after Trump said the agreement was “over,” before later trimming the loss to 0.3% following a remark that recent fighting would not mean a return to full-scale war. The Dow Jones Industrial Average dropped 576 points, or about 1.1%, while the Nasdaq gained 0.2%. Brent crude climbed 5.2% to $78.02 and briefly topped $80, still below a wartime peak near $120. Concerns centered on the Strait of Hormuz potentially limiting Persian Gulf deliveries, which could worsen inflation and pressure central banks to raise rates. Housing and travel stocks fell, including Builders FirstSource (-5.4%), PulteGroup (-5.4%), D.R. Horton (-4.6%), American Airlines (-4%), and Carnival (-3.9%).