Stocks rise, oil surges with focus on Middle East conflict: Stock market news today

Stocks reversed losses Monday to finish higher, even as the burgeoning Middle East conflict added a dose of geopolitical risk to the interest rate and inflation concerns already facing markets.Islamist militant group Hamas launched a large-scale attack on Israel on Saturday, prompting a declaration of war in response. That has rattled markets, as investors worry that another full-blown conflict could join the war already being waged between Russia and Ukraine.

"Nelson Peltz is going to try to disaggregate and sell off pieces much more aggressively, which will take better care of public shareholders in the near term," she explained."Disney just announced they're goingMartin said she's not sure if Peltz will ultimately need board seats"or just has to threaten a war" given his massive stake in the company.

"Increases in real yields can arise from changes in investor's attitudes toward risk and uncertainty," Fed Vice Chair Philip Jefferson said."Looking ahead, I will remain cognizant of the tightening in financial conditions through higher bond yields and will keep that in mind as I assess the future path of policy."

"The bond market has tightened quite considerably over about 36 basis points since we met in September," Daly said at the Economic Club of New York on Oct. 5."That is equivalent to about a rate hike. So then the need to do tightening additionally is not there."by the Palestinian Islamist group Hamas fueled concerns of broader conflict breaking out in the Middle East region. Lockheed Martin shares were up more than 8% while RTX stock gained about 4.5%.

Oil prices also popped following the unrest in the Middle East as fears swirled that the conflict could disrupt oil production. Energy companies rose on the news with Exon Mobile , but fundamentally the market is "being shaped by a longer-term outlook for 2024," which includes concerns about demand. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks reverse losses, oil surges with focus on Middle East conflict: Stock market news todayThe prospect of a full-blown war in the Middle East added a dose of geopolitical risk to the interest rate and inflation concerns already facing markets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks edge lower as Middle East conflict rattles markets: Stock market news todayThe prospect of a full-blown war in the Middle East added a dose of geopolitical risk to the interest rate and inflation concerns already facing markets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stocks tumble as Middle East conflict rattles markets: Stock market news todayThe prospect of a full-blown war in the Middle East added a dose of geopolitical risk to the interest-rate and inflation concerns already facing markets.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Oil prices climb, stocks slip as violence in Middle East rattles marketsNEW YORK (AP) — Oil prices are climbing, and stocks are slipping as violence in the Middle East injects more unease into financial markets worldwide. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »

Oil prices climb, stocks slip as violence in Middle East rattles marketsOil prices are climbing, and stocks are slipping as violence in the Middle East injects more unease into financial markets worldwide. The S&P 500 was 0.4% lower early Monday in its first trading since Hamas launched a surprise attack over the weekend against Israel, which then formally declared war.
Source: CTVNationalNews - 🏆 82. / 51 Read more »

European Stocks, Oil Soars Drop on Middle East Conflict  - BNN BloombergEuropean stocks fell after Hamas’s surprise attack on Israel threatened to inflame tensions in the Middle East, hurting risk sentiment. Oil stocks soared.
Source: BNNBloomberg - 🏆 83. / 50 Read more »