U.S. stocks are drifting higher on Wednesday as Wall Street waits to hear where the Federal Reserve may be taking interest rates. The S&P 500 was up 0.4% in midday trading. The Dow Jones Industrial Average was up 198 points,

NEW YORK (AP) — Some calm is returning to Wall Street, and U.S. stocks are rising on Monday, while oil prices are giving back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.

The S&P 500 climbed 0.9% to reclaim most of its drop from Friday. The Dow Jones Industrial Average rose 317 points, or 0.8%, and the Nasdaq composite gained 1.5%. They joined a worldwide climb for stock prices, stretching from Asia to Europe.