Stock market holds near its all-time high and crude oil prices rise

U.S. stocks are hovering near record levels Monday, while oil prices climb amid uncertainty over when the Strait of Hormuz could reopen. In early trading, the S&P 500 was barely changed after Friday’s record close; the Dow Jones Industrial Average slipped 72 points, and the Nasdaq fell 0.1%, with big tech soft in the session including Apple and Intel. Brent crude rose 1.6% and U.S. benchmark oil gained 1.4%, supported by talks in which Iran has insisted the U.S. meet its demands before any reopening. Markets will watch U.S. inflation data this week.