Review & Preview: Rainy Days and Mondays

The War in Iran and its impact on oil prices are once again weighing on the market’s mood to start the week on a drizzly New York Monday; expectations for more interest rate increases aren’t helping. The S&P 500 and Nasdaq Composite didn’t fare much better, falling 0.8% and 0.9%, respectively. President Donald Trump rejected Iran’s truce proposal last week, pushing up oil prices across the board.