Coming off a brutal September and a rough start to October, it would only seem natural that the warfare in Israel would send the stock market into a deeper spiral. Yet investors Monday chose not to panic, instead taking the market through a seesaw day in which major averages actually posted a modest gain even amid a spike in oil prices and the strong possibility that Mideast violence will only get worse. "Obviously, this is devastating news.
7%, while industrials and discretionary stocks also posted solid gains. In recent days, the market's biggest worry has been focused on interest rates, namely how high the Federal Reserve would go and how long it would say there in its battle against inflation. The bond market was closed Monday for the Columbus Day holiday, but Treasury futures pointed to higher prices, meaning the potential for lower yields when trading resumes Tuesday.