Stocks Are Mixed After Pipeline Cyberattack
Global stocks traded mixed on Monday, with the Dow industrials hinting at possibly another record. But investors were keeping close watch on a major U.S. pipeline cyberattack that could lead to higher fuel prices, if not resolved within days.
Fears over higher energy prices were on the minds of some investors. Oil and gasoline prices rose following a cyberattack on a key fuel line in the U.S. operated by Georgia-based Colonial Pipeline, which delivers around 45% of fuel used by the East Coast.