Wall Street dips, oil climbs amid raging Middle East war

Major US stock indices opened lower on Thursday as oil prices climbed amid increasing disruptions to energy markets from the Middle East war.

At the open, the Dow Jones Industrial Average fell 212.7 points, or 0.44%, to 48526.73. The S&P 500 fell 18.4 points, or 0.27%, to 6851.08, while the Nasdaq Composite dropped 100.0 points, or 0.44%, to 22707.468.

Brent briefly pared an advance before resuming its climb above $83 a barrel.

In the bond market, the yield on 10-year Treasuries rose for a fourth straight day.

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