Good day, readers! Today, we witnessed an eventful day in the stock market as tensions in the Middle East cast a shadow over investors. However, the market quickly rebounded, closing with gains across major stock indices.
Oil prices surged, with U.S. benchmark WTI crude jumping over 4%, leading to a bounce in oil-related stocks. Defense stocks also performed well, with Northrop Grumman, L3Harris, Huntington Ingalls, Lockheed Martin, and General Dynamics among the top gainers. On the other hand, tourism-related stocks, such as United Airlines, Delta Air Lines, and Carnival, experienced declines.
The Dow Jones Industrial Average closed the day up 197 points, or 0.6%, while the S&P 500 rose 0.6% and the Nasdaq picked up 0.4%. Disney, unrelated to the Middle East conflict, made headlines with activist investor Nelson Peltz making a new push for board seats.
For more details on today's market snapshot, click here.
Stay tuned for more market updates and insights!
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