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% in the first few minutes of trading; the tech-heavy Nasdaq Composite rose 0.7%; and the blue-chip Dow Jones Industrial Average climbed 1.17% right off the bat.

Brent crude oil prices, which had fallen to $87.55 per barrel during the session, had recouped some of their losses by the time the U.S. trading day began—at the time of publication, they were down 6% from the previous close, with September contracts trading at $90.64.

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