Mumbai, June 9 -- Wall Street held steadier Monday and recovered some of its sell-off from last week, as stocks swept up in the artificial-intelligence boom bounced back. Oil prices, meanwhile, rose following fighting between Israel and Iran, but they pared their biggest gains.

The S&P 500 added 0.3%, coming off a drop of 2.6% from Friday that was its worst since October. The Dow Jones Industrial Average dipped 80 points (0.2%) and the Nasdaq composite climbed 0.9%.

In the oil market, prices jumped after Israel and Iran launched strikes against each other, threatening to drag the region back into full-scale war. The price for a barrel of Brent crude oil, the international standard, briefly topped $98 overnight. But it later regressed af...