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The Nexus
BUSINESSJul 27 · 18:35 UTCWPLG LOCAL 10 MIAMIBy DAMIAN J. TROISE and ALEX VEIGA, Associated Press

Stocks are drifting on Wall Street and crude oil prices drop 6% as Mideast tensions cool

Stocks on Wall Street showed mixed performance as the S&P 500 fell 0.2% and the Dow Jones rose 0.3%, while Brent crude oil prices dropped 6.6% due to paused U.S.-Iran attacks and stalled Strait of Hormuz traffic. The war's impact on global oil supply and rising gasoline and shipping costs were noted, with markets in Europe and Asia reacting positively. The Federal Reserve's upcoming interest rate decision and economic reports this week are key focus areas.

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