Wall Street Stocks Rise as US-Iran Tensions Ease

Stocks on Wall Street have been trading higher Monday, despite a drop in crude oil prices. The tension between the U.S. and Iran has eased somewhat after both countries paused their attacks and resumed negotiations to end the war.

The S&P 500 index fell 0.2%, its second consecutive weekly decline. However, the Dow Jones Industrial Average rose by 123 points, or 0.2% as of 12:56 p.m. Eastern time. The Nasdaq composite also declined by 0.5%.

Oil prices saw a significant drop following the easing of tensions between the U.S. and Iran, with crude oil falling by 5%. This decline could have implications for the global economy, particularly in countries heavily reliant on oil exports.