On Monday, the US stock market went up, even though tensions in the Middle East are rising. Investors didn’t show much immediate concern over the recent US airstrikes on Iran.
- Dow Jones rose by 152.32 points (0.36%) to reach 42,359.14
- Nasdaq gained 71.05 points (0.37%) and hit 19,518.46
- S&P 500 went up by 26.91 points (0.45%) to reach 5,994.75
Over the weekend, the US became directly involved in the Middle East conflict. President Donald Trump ordered airstrikes on Iran’s nuclear sites. This happened as the fight between Israel and Iran entered its 11th day, with both countries launching attacks on each other.
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Even with these serious global tensions, the US stock market stayed calm in early trading.
Experts say this is because investors don’t yet believe the situation will turn into a bigger regional crisis that could affect the economy in a major way.
“There may be some worry, but there’s no real fear of big economic damage right now,” said Patrick O’Hare from Briefing.com.
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Besides the conflict, investors are also focusing on important economic updates this week. They are waiting for new inflation data and earnings reports from major companies like FedEx and Nike.
People are also watching Washington D.C., where lawmakers will discuss President Trump’s new tax and financial reform plans.
