#IsraelIranConflict Earlier Monday, Wall Street had actually closed with gains. The Dow Jones Industrial Average added over 300 points, the S&P 500 climbed about 0.9%, and the Nasdaq Composite gained 1.5%. That short-lived rally was driven by easing oil prices after the spike on Friday that followed Israel’s airstrikes on Iran.

Both Brent crude and West Texas Intermediate settled more than 1% lower during Monday’s session before bouncing back overnight on Trump’s warnings.