Markets will rise on Monday after Iran fires missiles at a US base in Qatar
Stock prices rose on Monday, and oil prices fell, even after Iran launched missile attacks at U.S. military bases in Qatar. Suppressed response On strike to us before.
The Dow Jones industrial average rose 0.89% on Monday, while the S&P 500 rose 0.96%, Nasdaq Composites increased by 0.94%.
The US joined the war with Iran over the weekend, struggling against three Iranian nuclear sites. It adds even more uncertainty to the market. This has been tough and tough hands this year, with the Trump administration’s unstable tariff policies, the ever-growing national debt, the uncertain budget bill, and the current conflict with Iran.
Iran responded on Monday by launching missiles at U.S. Ardeid military base in Qatar, and the attack that created US casualties was According to the report. The market is barely responding, indicating that oil prices may be falling and waiting for a stronger response before making a big move, says Samana, head of global equity, Wells Fargo Investment Research Institute.
“The historical precedent for the first-selling out market led investors to be a little more equal in their reaction, just to recover and create new highs,” says Samana of the small moves seen since the US struck. “The market wants to see how Iran reacts before making up for the impact it will have on the macroeconomic narrative.”
President Donald Trump on Monday afternoon Posted on his social network A nuclear site attacked by the US over the weekend was “completely destroyed.”
“Only fake news will say different things in order to try and take as much life as possible,” the US president posted. “It’s not going to end up as a three-bag in the media. That’s why their ratings have been so low – Zero reliability!”
Iran could still be blocked Access to the Strait of Hormuza key oil and gas delivery route controlled by the state. Iranian lawmakers approved the closure but remained open Monday afternoon.
“We’ll argue that while the market risks selling out at various events, the foundation will remain strong enough to continue rising until next year,” Samana says.