# The S&P 500 dropped 0.2% shortly after the opening bell, while the Nasdaq Composite hovered around the flatline.

*business · news · 2026-04-09 · CNBC TV18*

## Key points

- Iran has halted tanker traffic again due to continued Israeli strikes, threatening oil supply stability.
- West Texas Intermediate crude rose about 5% to above $99 per barrel, reversing previous declines.
- The US PCE price index rose 0.4% in February, with annual inflation at 2.8%.
- Core PCE, the Fed's preferred inflation gauge, increased 0.4% monthly and eased to 3% annually.

**Countries:** United States, Iran, Israel

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