Tensions Ease, Oil Prices Drop as Wall Street Stocks Trade Mixed

The US and Iran's pause in hostilities sent ripples through global markets, as oil prices dropped and Wall Street stocks traded mixed.

The S&P 500 rose less than 0.1% to close at 7,413.18, following two consecutive weekly losses.

The Dow Jones Industrial Average surged 0.5%, while the Nasdaq composite fell 0.2%, its fourth straight decline.

Brent crude prices plummeted 6.3% to settle at $85.87 a barrel for October delivery, after reaching over $100 a barrel last week due to escalating tensions in the Middle East.