US stocks recover some of last week's sell-off after oil prices drop

NEW YORK (AP) — The U.S. stock market is rising Monday and recovering some of last week's sell-off that was led by the tech and AI industries.The S&P 500 climbed 0.8%, coming off its third straight losing week, and pulled within 2.3% of its all-time high. The Dow Jones Industrial Average was up 547 points, or 1.1%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 1% higher.Stocks got a lift from easing prices for oil, which headed back down in their latest yo-yo move on uncertainty about when the war with Iran will allow the global industry to return to normal. The price for a barrel of Brent crude, the international standard, fell 6.7% to $105.87.Iran said Monday it had a two-day plan to reopen the Strait of Hormuz, which would help the global energy industry, and resume nuclear talks with the United States. Over the weekend, Iran’s top diplomat said he hoped for “rationality” on the U.S. side as diplomatic efforts seek to avert a return to all-out war.The price for the mos