Oil prices slip, stocks climb as calm returns to financial markets worldwide

NEW YORK (AP) — Stocks rose on Wall Street and oil prices slipped Thursday in the wait to see what will come next after President Donald Trump raised doubts about the temporary truce in the war with Iran.

The S&P 500 rose 0.7%, erasing its loss from the day before, even though the United States launched new airstrikes against Iran, which responded by targeting U.S. allies in the Middle East. The Dow Jones Industrial Average was up 198 points, or 0.4%, as of 12:33 p.m. Eastern time, and the Nasdaq composite was 0.9% higher.