Wall Street Rally: Oil Retreat & Fed Anticipation

U.S. stock indexes experienced a rise on Monday, driven by a relief in oil prices as tensions between Israel and Iran did not affect crude production. The focus now shifts to the Federal Reserve's policy meeting amid expectations of unchanged interest rates.

Despite Friday's decline, Wall Street rebounded as oil prices fell over the weekend following military strikes, offering respite to investors concerned about inflation. The Wall Street Journal's reports of Iran signaling a desire to end hostilities further boosted market sentiments.

Investor attention turns to the Federal Reserve's monetary policies, with traders anticipating future rate cuts. Economic indicators, including retail sales and jobless claims, are set to influence market decisions. Key stock movements included a rise in U.S. Steel and a drop in Sarepta Therapeutics, with broader markets showing mixed advances and declines across various sectors.

(With inputs from agencies.)