New York —
Stocks fell and oil prices hit their highest level since 2022 as investors Monday grappled with a potential energy crisis caused by the war with Iran.
The Dow fell 447 points, or 0.94%. The S&P 500 fell 0.6%, and the Nasdaq Composite moved 0.3% lower, recouping steeper losses earlier in the day.
The Dow and S&P are coming off their worst weeks since April and October, respectively. Stocks have been jolted by nerves about the Middle East conflict disrupting the global flow of oil and reigniting inflation at a time when the US labor market appears to be on shaky ground.
Oil prices Monday surged above $100 per barrel to their highest level since mid-2022, when m
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