- US Stocks Despite an escalation of attacks between Israel and Iran, it rose on Monday. After Friday’s decline, the Dow Jones, S&P 500 and Nasdaq Magazine were all higher. The price of crude oil has also been lowered by nearly 2% after a report said Iran seeks to negotiate with Israel to end the conflict.
Despite several confrontations between Israel and Iran, which killed hundreds of civilians on the weekend and Monday, U.S. investors seemed to shrugged, and the rising tensions in the Middle East as stocks began.
In fact, after falling on Friday, Dow Jones The Jones Industrial Average closed up 0.75% on Monday, while the S&P 500 rose 0.94% on that average Nasdaq Comprehensive up 1.52%.
Jeff Buchbinder, chief equity strategist at LPL Financial, said that the U.S. market has performed well due to the convergence of factors, including Iran and Israel, both “are interested in keeping the conflict involved.”
“How much will the energy infrastructure, including Iran, be damaged, and for how long will I have nuclear capacity be completely eliminated and whether the current regime will continue to rule before we know how stocks will handle this geopolitical shock,” Buchbinder said.
Despite U.S. crude soaring after the initial Israeli attack, it fell almost 2% on Monday Wall Street Journal Report Iran wants to negotiate an end to the conflict with Israel. That is, the two countries continued to attack each other’s energy facilities on Monday, with Israel attacking the headquarters of Iran State TV live.
The conflict in the Middle East is adding another layer of uncertainty in the economy, when President Donald Trump’s tariff policy attracted attention, as did the White House immigration policy and the Republican tax bill.
Investors will also watch the Fed meeting this week. Although officials may indicate interest rate holdings, everyone’s eyes will be on Chairman Jerome Powell for information on when the central bank will move.
This story was originally fortune.com
