Commodities
Wall Street Stocks and Oil Prices Tumble Amid Easing Mideast Tensions
Stocks on Wall Street have been wavering amidst ongoing tensions in the Middle East. The US and Iran paused their attacks, and negotiations to end the war are set to resume.
The S&P 500 index fell by 0.2% after two consecutive weekly losses. In contrast, the Dow Jones Industrial Average rose 218 points or 0.4%, as of 10:37 a.m. Eastern time.
Oil prices also took a hit, dropping 5%. The market's reaction is attributed to the easing of tensions in the region.