A lull in the war in the Middle East boosted U.S. stocks: The Dow rose more than 1%

Wall Street's major indexes opened higher on July 27 amid a ceasefire in the Middle East and falling oil prices, according to Reuters.

The broad U.S. stock index, the S&P 500, jumped 0.8% right at the start of regular trading on Monday, while the tech-heavy Nasdaq Composite rose 0.7%, and the blue-chip index rose by 1.17% right off the bat.

Brent crude oil prices, which had fallen to $87.55 per barrel during the session, had recovered some of their losses by the time the U.S. trading day opened—at the time of publication, they were down 6% from the previous close, with September contracts trading at $90.64. U.S. WTI crude oil futures are trading at $83.82—also down 6% from Friday’s close.

Spot gold rose 0.84% to $4,086.7 per ounce, while spot silver rose more than 1% to nearly $59.

The U.S. Dollar Index, which tracks the dollar against a basket of currencies from six other countries, fell 0.1% to 101.34 ahead of the Federal Reserve’s (Fed) upcoming meeting on July 28–29.

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