Oil Prices Slip, Stocks Rise Amid Middle East Tensions
Stocks rose on Wall Street as crude oil prices fell for the first time in a week. Despite heavy fighting in the Middle East, which threatened to slow global oil supply, markets managed to gain ground.
The S&P 500 index rose 0.5%, but is still heading for its second consecutive losing week since March.
Oil prices had been steady at a seven-day high, but dropped after this latest development in the Middle East.