{"id":306569,"date":"2026-07-27T14:29:07","date_gmt":"2026-07-27T14:29:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/306569\/"},"modified":"2026-07-27T14:29:07","modified_gmt":"2026-07-27T14:29:07","slug":"stocks-open-higher-on-wall-street-and-crude-oil-prices-drop-5-as-mideast-tensions-cool-ap-business","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/306569\/","title":{"rendered":"Stocks open higher on Wall Street and crude oil prices drop 5% as Mideast tensions cool | Ap-business"},"content":{"rendered":"

NEW YORK (AP) \u2014 Stocks rose on Wall Street Monday and oil prices fell after the U.S. and Iran paused their attacks<\/a> while work resumed on restarting negotiations to end the war.<\/p>\n

The S&P 500 rose 0.6%. The index is coming off two weekly losses in a row. The Dow Jones Industrial Average rose 518 points, or 1%, as of 9:55 a.m. Eastern time. The Nasdaq composite rose 0.7%.<\/p>\n

Oil prices reversed course from a week ago, when a sharp escalation in fighting between the U.S. and Iran worsened worries about global oil supplies. The price of Brent crude, the international standard, dropped 5.4% to $86.74 a barrel for October delivery. Prices surged to over $100 a barrel last week before easing.<\/p>\n

The war between the U.S. and Iran has sharply curtailed, and at a times halted, traffic through the vital Strait of Hormuz. That has had a ripple effect throughout the world\u2019s economy. Gasoline prices have surged and shipping costs for most goods are rising, with businesses typically passing those costs along to households.<\/p>\n

Markets rose in Europe after closing higher in Asia.<\/p>\n

Bond yields also fell, relieving pressure from stocks. The yield on the 10-year Treasury fell to 4.65% from 4.69% late Friday.<\/p>\n

Wall Street got boost from influential technology companies in the U.S. after Chinese memory chipmaker CXMT<\/a> soared in its debut in Shanghai. The company jumped to become China\u2019s most valuable listed company with an estimated market capitalization of 3.3 trillion yuan (nearly $490 billion).<\/p>\n

Microsoft jumped 2.6% and Google’s parent, Alphabet, rose 2.8%. They, and several other tech companies, are among the most valuable in the world. Their big market values give them more influence over the direction of the broader market.<\/p>\n

Wall Street has a busy week ahead with several potential mark-moving reports. The U.S. government will release an update on consumer confidence on Tuesday and inflation on Thursday.<\/p>\n

The big focus will be on the Federal Reserve, which will give an update Wednesday on its interest rate policy.<\/p>\n

AP Business Writer Elaine Kurtenbach contributed to this report.<\/p>\n

Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK (AP) \u2014 Stocks rose on Wall Street Monday and oil prices fell after the U.S. and…\n","protected":false},"author":2,"featured_media":306541,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[94244,288,10640,21839,1725,2200,417,63309,9,11,10,73728,17646,1724,116036,37036,1076],"class_list":["post-306569","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-2024-2026-mideast-wars","tag-business","tag-energy-industry","tag-energy-markets","tag-financial-markets","tag-financial-services","tag-general-news","tag-iran-war","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-oil-and-gas-industry","tag-semiconductor-manufacturing","tag-stocks-and-bonds","tag-stocks-oil-rates-markets-cxmt","tag-war-and-unrest","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/306569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=306569"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/306569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/306541"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=306569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=306569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=306569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}