By Rob Lenihan | The Street
The S&P 500 returns to flat after ticking higher in early action. The tech-heavy Nasdaq is down 0.8%.
Investors seem to be digesting a tension-filled weekend in the Middle East. Hezbollah launched over 300 missiles at Israel, despite Israel launching hundreds of airplanes to strike an airfield in a bid to prevent the attack.
Unsurprisingly, oil has made the biggest move higher. Crude oil prices are up 3.4% to $77.35 per barrel, and the United States Oil Fund (USO) , which tracks West Texas Intermediate crude oil prices, is up 3.3%.
Big oil stocks also responded by trading higher. ExxonMobil (XOM) gained 2% while Warren Buffett favorite, Occidental Petroleum (OXY) , gained 1.1%,