S&P 500, Nasdaq retreat as mounting U.S.-Iran tensions dampen sentiment - Reuters

<a href="https://news.google.com/rss/articles/CBMiowFBVV95cUxPMjU2TlFwQnBjVlAzdFJFUENydUg2ZmFkc3dtVnRtOHhfZDVKNkN6SnZzdE9iOG45Mm01UUJnbVU4RHFjNUFZMVlicFZwMks0OTNOMDFiQWZfM3BfZm1tSVNRakg4ZWh6REtwNVRIQ1NLOGhSMDA5VE5nM3FGRTFkXy14Q09HZ0VNc0ZuQVNPRmZ3TE14UkhvbnNJTmliTlR4RWVn?oc=5" target="_blank">S&P 500, Nasdaq retreat as mounting U.S.-Iran tensions dampen sentiment</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Oil prices rose on Monday due to renewed tensions between the U.S. and Iran after the U.S. seized an Iranian cargo ship attempting to evade a blockade. In response, U.S. stocks saw modest declines, with the S&P 500 slipping 0.4% from its record high and the Dow Jones Industrial Average falling by 115 points.

U.S. stock index futures inched lower on Monday after a record rally on Wall Street last week as dimming prospects of an end to the Iran conflict prompted investors to curb their risk appetite. Iran's reimposition of the closure of the Strait of Hormuz following the U.S. seizure of an Iranian cargo ship contributed to the market downturn.