Wall Street Opens Higher as Middle East Tensions Ease

Stocks on Wall Street opened higher Monday as Middle East tensions eased. The S&P 500 fell 0.2%, while the Dow Jones Industrial Average rose 123 points, or 0.2%. Oil prices dropped after the U.S. and Iran paused their attacks.

The price of Brent crude, the international standard, declined by 6.2% to $86.01 a barrel for October delivery. This comes after it surged above $100 last week before easing.

Investors are awaiting key economic reports this week, including consumer confidence and inflation data. The Federal Reserve will also provide an update on its interest rate policy, with a nearly 36% chance of a rate hike expected by the end of the year.