Crude Oil Surges Over 6%; Target Profit Tops Views - Battalion Oil (AMEX:BATL), Kontoor Brands (NYSE:KTB)

U.S. stocks traded lower midway through trading, with the S&P 500 falling around 1.5% amid the ongoing Iran-U.S. conflict.Iranian state media reported that Tehran has closed the Strait of Hormuz and warned it would fire on any vessel attempting to pass.The Dow traded down 1.48% to 48,179.27 while the NASDAQ dipped 1.54% to 22,398.78. The S&P 500 also fell, dropping, 1.46% to 6,781.08.Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 EarningsLeading and Lagging SectorsConsumer sta ...