S&P 500 Closes Higher. Traders Are Starting to Look Beyond Israel-Iran Conflict.
S&P 500 Closes Higher. Traders Are Starting to Look Beyond Israel-Iran Conflict.
The stock market bounced back on Monday from its slide in the wake of Israel’s strikes against Iran, as Wall Street began to look through the conflict and ahead to this week’s Federal Open Market Committee meeting.
The Dow Jones Industrial Average rose 317 points, or 0.8%. The S&P 500 was up 0.9%. The Nasdaq Composite was up 1.5%.
Stocks picked up some steam early in the session after The Wall Street Journal reported Iran has been signaling it wants to de-escalate the conflict with Israel and resume negotiations with the U.S. over its nuclear programs. At one point during the morning, the market had fully recovered from Friday's slide, which signals Wall Street is growing less concerned about the Israel-Iran conflict.
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