Markets edge higher Monday after Iran fires missiles at U.S. base in Qatar
Briefly

U.S. stock markets responded positively on Monday, rising even as Iran attacked a U.S. military base in Qatar, signaling investor confidence. The Dow, S&P 500, and Nasdaq exhibited notable gains, showing resilience amid geopolitical tensions. Despite recent U.S. airstrikes on Iranian sites, investors are adopting a wait-and-see approach regarding Iran's potential responses, suggesting the market's strength is rooted in enduring fundamentals rather than immediate panic. Analysts highlight that historical patterns typically favor recovery following initial sell-offs, reinforcing a level-headed market outlook amidst uncertainty.
Historical precedent of markets selling off initially, only to recover and make new highs, has led investors to be a bit more level-headed about their reaction.
Markets want to see how Iran responds prior to making a determination on how it might impact the macroeconomic story.
Read at Fortune
[
|
]