The S&P 500 Index ($SPX) (SPY) is up +0.45%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.39%.
Stocks today are trading higher on reduced Middle East geopolitical risks after Israel over the weekend launched only a limited retaliatory strike on some of Iran's missile-related military facilities and did not bomb any oil infrastructure or civilian infrastructure. Israel's limited strike reduced concern about the possibility of an all-out conflagration in the Middle East. Iran said its oil industry was operating normally in the wake of Israel's retaliatory strike. Oil prices this morning have plunged more than -6%, which hurt oil-related stocks but helped the majority of other companies where fuel is a major cost input.
