The S&P 500 Index ($SPX) (SPY) Monday closed up +0.96%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.89%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.06%. September E-mini S&P futures (ESU25) are up +0.96%, and September E-mini Nasdaq futures (NQU25) are up +1.04%.
Stock indexes recovered from early losses on Monday and rallied after a retaliatory attack by Iran on US bases in Qatar was seen as scripted and eased concerns about an escalation of the Israel-Iran conflict. Iran launched a missile attack on a US air base in Qatar, but the attack was telegraphed and intercepted with no damage done to US assets and was seen as a controlled response to the US attack on Iran’s nuclear facilities over the weekend. President Trump said he sees a chance of de-escalation in the Middle East conflict after Iran telegraphed its missile attack on the US base in Qatar, with no injuries or damage reported.
