Stocks found favor with investors on Monday, as the S&P 500 snapped a three-day losing streak to end the session more than 1% higher, helped by a pullback in Treasury yields that powered most-mega cap tech stocks.
"Markets fear a ground offensive by Israel that could ignite a larger and more complicated regional conflict that risks regional supply chains, energy output, economic growth and financial stability," said Kyle Rodda, senior market analyst at London-based Capital.com. Data from the London Stock Exchange Group suggest collective S&P 500 profits are likely to rise 2.2% from a year earlier to a share-weighted $468.8 billion, paced by the communications services sector (which includes Google parent Alphabet
In other markets, oil prices bumped higher in early New York trading. with reports that the Biden administration may ease sanctions on the sale of crude from Venezuela offset by the simmering tensions in the middle ease.
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Stock Market Today: Stocks steady, oil slips as markets eye middle east tensionsInvestors are looking ahead cautiously to a busy week on Wall Street as tension in the middle east escalate and inflation concerns continue to clip sentiment.
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