Stocks open higher on Wall Street and crude oil prices drop 6% as Mideast tensions cool

Stocks opened higher on Wall Street while crude prices fell sharply after the U.S. and Iran paused attacks and resumed work on restarting negotiations for an interim ceasefire. In early trading Monday, the S&P 500 rose 0.8%, the Dow gained 581 points, and the Nasdaq climbed 1%. Brent crude, which had hit as high as $102 last week, was around $90 a barrel; U.S. benchmark crude fell 7% to $83.06. Yields in Treasury markets declined as investors took the pause as relief. Global shares were mostly higher, with Europe also positive, and CXMT surged 466% in Shanghai’s technology board debut.