US-Iran Tensions Eased, Oil Prices Plummet on Wall Street

The US and Iran's war has taken a backseat, allowing oil prices to drop. The price of Brent crude fell 5.8% to $86.40 a barrel for October delivery. This is a significant reversal from last week when prices surged to over $100 a barrel.

The S&P 500 index rose slightly, despite the ongoing tensions in the Middle East. However, technology companies like Nvidia and Micron Technology saw declines, while Microsoft and Apple posted gains.

Wall Street is bracing for a busy week ahead with key economic updates, including consumer confidence and inflation reports. The Federal Reserve will also provide an update on interest rate policy, which could have significant implications for the market.