Wall Street Stocks Waver as Mideast Tensions Ease

Stocks on Wall Street wavered Monday as tensions in the Middle East cooled down. The U.S. and Iran have paused their attacks, and negotiations to end the war are set to resume.

The S&P 500 index fell by 0.2%, marking its second consecutive weekly loss. The Dow Jones Industrial Average saw a more positive trend, rising 218 points or 0.4% as of 10:37 a.m. Eastern time.

Oil prices also took a hit, dropping 5%. The market reaction suggests that investors are cautiously optimistic about the potential for peace in the region.