The market is waiting for the opening of the Straits Times: the S&P 500 and Nasdaq lost gains, oil soared to $102

At mid-day on March 13, America's broad index of stocks, the S&P 500, and the tech-heavy Nasdaq Composite lost the gains that both indices had posted in the early hours of the trading session.

At the time of publication, the S&P 500 is down by 0.25% - and aims for a third consecutive week in the red zone, notes CNBC. Nasdaq Composite loses 0.64%, although in the first minutes of trading each of these indices jumped by more than 0.8% amid the publication of macroeconomic data in the U.S., indicating a slowdown in the growth of the U.S. economy and - as a consequence - a possible reduction in interest rates Fed.

The main U.S. stock indexes returned to negative dynamics on the background of the ongoing conflict in the Middle East for almost two weeks, states MarketWatch. "The market needs to hear that the strait is open," Sonu Varghese, chief macro strategist at investment firm Carson Group, told the publication. - Oil has to flow," he added, describing market expectations. "Every additional day while it [the Strait of Hormuz] is closed, the problem gets worse," the analyst emphasized.

Against this background, Brent crude oil prices, which were down more than 1% during the day on March 13, jumped again - at the time of publication they are trading at $102.23 per barrel - an increase of almost 1.5% from the previous close.

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