Stock market today: Oil prices climb, stocks slip as violence in Middle East rattles markets

News Snapshot:

NEW YORK (AP) — Oil prices are climbing, and stocks are slipping as violence in the Middle East injects more unease into financial markets worldwide. The S&P 500 was 0.4% lower ealy Monday in its first trading since Hamas launched a surprise attack over the weekend against Israel, which then formally declared war. The Dow fell 4 points and the Nasdaq composite was off 1%. The area under conflict is not home to major oil production, but fears that the fighting could spill into the politics around the crude market sent a barrel of U.S. oil up 3.6%. Stocks of...