Oil Price Drop Eases Inflation Worries on Wall Street
Falling oil prices have helped to calm Wall Street's inflation worries, causing US stock indexes to rise early Monday.
The price of a barrel of Brent crude fell 5.1% to $83.42 after President Donald Trump said over the weekend he would hold off on ordering new strikes against Iran at the urging of allies in the region.
The S&P 500 rose 0.4%, while the Dow Jones Industrial Average added 625 points, and the Nasdaq composite rose 0.2%.