Dow Jumps 640 Points Amid Oil Price Slump

The US stock market started strong on Monday, with the Dow Jones Industrial Average rising by 640 points, or about 1.22%, as easing concerns over tensions in the Middle East pushed oil prices sharply lower.

This positive start followed President Donald Trump's announcement that he had called off planned strikes against Iran and said talks between the two countries would resume on Monday.

The decline in crude prices helped ease some of the fears about inflation and the Federal Reserve's policy outlook, which had been weighing heavily on markets.

Investors are now looking ahead to a busy week of corporate earnings and key economic data, including manufacturing activity data and labor market releases.