VWO - Asia Mixed Eurozone In Green Crude Retreats After Monday's Surge - Global Markets Today While US Was Sleeping | Benzinga
On Monday, October 9, the U.S. stock markets closed higher despite the uncertainty caused by the Hamas-Israel conflict and a spike in oil prices.
The announcement of the conflict incited a surge in oil prices due to supply anxieties. However, lenient comments from Federal Reserve officials helped reverse initial declines in stock indexes.
The officials suggested that the recent increase in long-term U.S. Treasury bond yields might deter further hikes in the Fed’s short-term policy rate, alleviating some concerns among equity investors.
Major defense companies, alongside oil and gas giants, experienced a surge in their stock prices in the wake of the ongoing conflict in the Middle East.
The Dow Jones Industrial Average closed higher by 0.59% at 33,604.65, the S&P 500 followed suit ...