Investing.com -- U.S. stocks jumped in Monday morning trading as investors prepared for a big wave of corporate earnings this week and an upcoming speech by Federal Reserve Chair Jerome Powell.
The main indices on Wall Street ended in a mixed fashion last week, with the 30-stock Dow gaining 0.2%, while the benchmark S&P lost 0.2% and the tech-heavy Nasdaq dropped 0.6%.Trading on Wall Street could be choppy as investors fret about escalating violence in the Middle East. Secretary of State Antony Blinken returned to Israel as part of a concerted diplomatic attempt to ensure Israel's conflict with Palestinian militant group Hamas does not spillover elsewhere in the region as Israel prepares for a ground invasion of the Gaza region.The market received a boost on Friday after a slew of reports from major financial firms, including JPMorgan Chase will also be in the spotlight after the drugstore chain filed for Chapter 11 bankruptcy on Sunday.
Israel is not a big player in terms of crude production, but concerns are mounting about any potential escalation which could impact supplies from countries in the world's top oil producing region, including Saudi Arabia, Iran and the United Arab Emirates.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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