S&P 500 Flat as Brent Oil Falls Below $100
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- S&P 500 closed little changed on Friday, with Iran fears and a chip-sector sell-off cited by CNBC as drags on the market.
- Brent crude fell below $100 a barrel, breaking a week-long streak of rising oil prices, per Bloomberg's markets wrap.
Why it matters: The first oil decline in a week pushed Brent below the $100 mark, but stocks couldn't rally because the chip sell-off and Iran-related anxieties offset the energy-price relief, leaving the S&P 500 flat.
