After the report, stock rally and oil dip say Iran is trying to eliminate conflict with Israel
- US Stocks Rose on Monday despite escalating the attack between Israel and Iran. The Dow, S&P 500 and Nasdaq all rose after falling on Friday. The price of crude oil fell almost 2% after a report claiming Iran was trying to negotiate with Israel to end the conflict.
Despite several conflicts between Israel and Iran over the weekend and Monday, which killed hundreds of civilians, US investors appeared to be messing up the escalating tensions in the Middle East as stocks rebounded to start the week.
In fact, after falling on Friday, Dow The Jones Industrial Average rose 0.75% on Monday, while the S&P 500 rose 0.94%, Nasdaq Composites rose 1.52%.
Jeff Buchbinder, chief equity strategist at LPL Financial, says the US market is being maintained well due to the confluence of factors that both Iran and Israel are interested in maintaining the conflict.
“Before we know how much of Iran’s energy infrastructure will be damaged, whether Iran’s nuclear capabilities will be completely wiped out, whether the current regime will remain in power, and how the stock will handle this geopolitical shock.
After Israel’s first attack, US crude oil surged on Friday, but fell almost 2% on Monday. Wall Street Journal It has been reported Iran wants to negotiate an end to the conflict with Israel. That said, the two countries continued to attack each other’s energy facilities on Monday, with Israel airing Iran’s national television headquarters.
The Middle Eastern conflict, like the White House immigration policy and the GOP tax bill, adds yet another layer of uncertainty to the economy when President Donald Trump’s tariff policy is raising concerns.
Investors will also watch the Federal Reserve Conference this week. The authorities have indicated interest rates pending, but all eyes have been posted to Chairman Jerome Powell for information on when the central bank can move.
This story was originally introduced Fortune.com