Stocks waver and oil prices rise after Israeli missile strike on Iran
CBSN
Stock futures dipped and oil prices rose in overnight trading after an Israeli missile struck Iran following Iran's retaliatory attack on the country last weekend.
Investors are closely watching conflicts in the Middle East for signs that escalating hostilities between Israel and Iran threaten global oil supplies and drive up energy prices.
Crude prices, which rose to their highest level in months after Iran's drone and missile attack on Israel on April 13, rose above $90 early Friday before relinquishing those gains amid signs that the Iranian government was downplaying the impact of the Israeli attack.
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Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily.
The 149th Westminster Kennel Club dog show put about 2,500 dogs of all sizes to the test and Monty the giant schnauzer came out on top Tuesday night, winning the prestigious Best in Show title at Madison Square Garden in New York City.
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The Associated Press pushed back against the Trump administration on Tuesday after one of its reporters was blocked from an event over the news organization's guidance on its continued use of the "Gulf of Mexico" in its coverage, calling the move a violation of the First Amendment.
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Louisiana will resume executions after a 15-year hiatus, forging ahead on plans set in motion last spring to carry out death sentences using nitrogen hypoxia.