US Equity Indexes Rise Amid Sinking Crude Oil

01:25 PM EST, 11/02/2026 (MT Newswires) -- (Updates with index/price moves and geopolitical news from the first paragraph.) US equity indexes rose as crude oil prices and government bond yields slumped in midday trading on Monday. The Nasdaq rose 0.4% to 25,546.9., the S&P 500 climbed 0.5% to 7,613.9, and the Dow Jones Industrial Average jumped 1.1% to 52,332. Consumer discretionary, materials, and financials topped the gainers. All sectors except three rose. Energy, healthcare, and technology were the decliners. In geopolitical news, Iran said if the US accepts its demands, "both security will be restored to the Strait of Hormuz, and the negotiation process will begin in a short period of time," Al Jazeera, a Middle Eastern broadcaster, reported. The front-month West Texas Intermediate crude oil contract sank 7.9% to $95.87 per barrel, and global benchmark Brent plunged 8.2% to $104.17 per barrel. US Treasury yields fell, with the two-year yield down marginally to 4.575% while the 10-year rate fell 5.1 basis points to 4.878%.