![Oil Prices Surge, Stocks Fall after US Kills Iranian General](http://townsquare.media/site/180/files/2017/04/GettyImages-139453638.jpg?w=980&q=75)
Oil Prices Surge, Stocks Fall after US Kills Iranian General
Stocks fell broadly and oil prices surged after a U.S. strike killed a top Iranian general in Iraq, raising tensions in the Middle East.
The selling ended a five-week winning streak for the S&P 500 a day after the index hit its latest record high.
The price of oil jumped by 3.1%. Bond prices rose as investors sought safety, sending yields lower.
That hurt banks, which make less money when interest rates are low.
The S&P 500 fell 23 points, or 0.7%, to 3,234.
The Dow Jones Industrial Average lost 233 points, or 0.8%, to 28,634.
The Nasdaq dropped 71 points, or 0.8%, to 9,020.
More From News Talk 96.5 KPEL
![Donald Trump Has Made His Vice Presidential Pick](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2159730000.jpg?w=980&q=75)
![Man Wins $100,000 With Lottery Strategy From Watching ‘Lottery Changed My Life’](http://townsquare.media/site/33/files/2022/04/attachment-giorgio-trovato-BRl69uNXr7g-unsplash.jpg?w=980&q=75)
![Louisiana to be Prominently Featured at Republican National Convention](http://townsquare.media/site/36/files/2024/07/attachment-RNC-LOGO.jpg?w=980&q=75)
![What We Know About the 20-Year-Old Man Who Tried to Assassinate Donald Trump](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161922154.jpg?w=980&q=75)
![Local Officer Encountered Gunman Just Before He Shot Toward Trump at Rally](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161922387.jpg?w=980&q=75)
![Man Killed at Trump Rally Identified as Former Fire Chief, ‘Girl Dad’ who ‘Died a Hero’](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-14T144115.615.jpg?w=980&q=75)
![UPDATE: Trump Safe, Shooter Neutralized After Shots Fired at Rally](http://townsquare.media/site/36/files/2024/07/attachment-Shooting-Trump-Rally-Pennsylvania.jpg?w=980&q=75)
![Did Authorities Spot the Loch Ness Monster On a Texas Highway?](http://townsquare.media/site/36/files/2024/07/attachment-Screen-Shot-2024-07-09-at-8.07.05-AM.jpg?w=980&q=75)
![‘Birds Aren’t Real’ Movement Claim Birds Are a Government Conspiracy](http://townsquare.media/site/33/files/2021/06/attachment-Birds-Arent-Real-2.jpg?w=980&q=75)