The Dow Jones Industrial Average (^DJI) rose 0.6%. The S&P 500 (^GSPC) gained 0.7%, and the tech-heavy Nasdaq (^IXIC) rose around 0.8%.

Oil prices fell as investors assessed the extent of Iran’s retaliation. Brent crude (BZ=F) futures fell over 5%, trading below $73 a barrel, while WTI crude futures (CL=F) hovered below $70, also down over 5%.

Iran said its retaliatory act matched the number of bombs the US dropped on its nuclear sites this weekend, in a move the Associated Press said signaled “a likely desire to deescalate.” Qatar said the strike did not cause any casualties.

That appeared to give a jolt to stocks, which started the session in red territory as oil surged on the immediate heels of President Trump’s decision to join Israel’s attacks on Iran on Saturday. Investors began the session on edge over a shock surge in energy prices if Iran blocks the key Strait of Hormuz waterway, as that would have repercussions for economies worldwide.

Trump said late Saturday that the US had struck Iran’s three main nuclear enrichment facilities, saying the sites had been “totally obliterated” — a claim that has since been questioned. He threatened Iran with more attacks if the country did not quickly seek peace talks.

Elsewhere in markets, gold (GC=F) ticked higher, also switching course amid wavering haven demand.

Stocks moved into positive territory earlier in the session after Federal Reserve governor Michelle Bowman expressed support for a rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy in the near term.

LIVE

22 updates

The Dow Jones Industrial Average (^DJI) rose 0.6%. The S&P 500 (^GSPC) gained 0.7%, and the tech-heavy Nasdaq (^IXIC) rose around 0.8%.

Oil prices fell as investors assessed the extent of Iran’s retaliation. Brent crude (BZ=F) futures fell over 5%, trading below $73 a barrel, while WTI crude futures (CL=F) hovered below $70, also down over 5%.

Iran said its retaliatory act matched the number of bombs the US dropped on its nuclear sites this weekend, in a move the Associated Press said signaled “a likely desire to deescalate.” Qatar said the strike did not cause any casualties.

That appeared to give a jolt to stocks, which started the session in red territory as oil surged on the immediate heels of President Trump’s decision to join Israel’s attacks on Iran on Saturday. Investors began the session on edge over a shock surge in energy prices if Iran blocks the key Strait of Hormuz waterway, as that would have repercussions for economies worldwide.

Trump said late Saturday that the US had struck Iran’s three main nuclear enrichment facilities, saying the sites had been “totally obliterated” — a claim that has since been questioned. He threatened Iran with more attacks if the country did not quickly seek peace talks.

Elsewhere in markets, gold (GC=F) ticked higher, also switching course amid wavering haven demand.

Stocks moved into positive territory earlier in the session after Federal Reserve governor Michelle Bowman expressed support for a rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy in the near term.

LIVE

22 updates

The Dow Jones Industrial Average (^DJI) rose 0.6%. The S&P 500 (^GSPC) gained 0.7%, and the tech-heavy Nasdaq (^IXIC) rose around 0.8%.

Oil prices fell as investors assessed the extent of Iran’s retaliation. Brent crude (BZ=F) futures fell over 5%, trading below $73 a barrel, while WTI crude futures (CL=F) hovered below $70, also down over 5%.

Iran said its retaliatory act matched the number of bombs the US dropped on its nuclear sites this weekend, in a move the Associated Press said signaled “a likely desire to deescalate.” Qatar said the strike did not cause any casualties.

That appeared to give a jolt to stocks, which started the session in red territory as oil surged on the immediate heels of President Trump’s decision to join Israel’s attacks on Iran on Saturday. Investors began the session on edge over a shock surge in energy prices if Iran blocks the key Strait of Hormuz waterway, as that would have repercussions for economies worldwide.

Trump said late Saturday that the US had struck Iran’s three main nuclear enrichment facilities, saying the sites had been “totally obliterated” — a claim that has since been questioned. He threatened Iran with more attacks if the country did not quickly seek peace talks.

Elsewhere in markets, gold (GC=F) ticked higher, also switching course amid wavering haven demand.

Stocks moved into positive territory earlier in the session after Federal Reserve governor Michelle Bowman expressed support for a rate cut “as soon” as July, becoming the second central bank policymaker to be that explicit in recent days about an easing of monetary policy in the near term.

LIVE

22 updates