U.S. stock futures were near the flat line on Monday night as Wall Street assessed the impact and risks of a protracted conflict from the, stocks were initially lower – with the Nasdaq falling more than 1% during its session lows — before turning positive across the board. The 30-stock Dow added 197 points, or 0.59%, while the Nasdaq Composite gained 0.4%. The S&P 500 added 0.6%.Hamas' attack against Israel marks the deadliest offensive in 50 years.
"Of course, it's going to send some jitters to markets. But what we have seen over time is that typically, the impact in the longer run from geopolitical events tends to be somewhat contained," Meera Pandit, global market strategist at JPMorgan Asset Management, said on CNBC's"Investors will be keeping an eye on upcoming economic data. The NFIB Small Business Survey data from September will be released Tuesday, as well as August's wholesale inventories numbers.