Reported about 11 hours ago
Last week's spike in oil prices, triggered by escalating tensions between Israel and Iran, has historically led to unique stock market behaviors. Initially, oil prices tend to drop slightly the week after a spike but usually rebound in the longer term, with significant volatility during periods following such price jumps. Stocks, particularly the S&P 500 Index, have historically performed better a month after these events, though the first spike in over a year tends to lead to underperformance for stocks in the following months.
Source: YAHOO