Stock futures are little changed Monday evening as Israel-Hamas war raises geopolitical concerns: Live updates
Stocks increased despite ongoing conflict between Israel and Hamas.
U.S. stock futures were relatively unchanged on Monday night as investors assessed the potential impact and risks of the ongoing Israel-Hamas conflict. Futures linked to the S&P 500 declined slightly, while Nasdaq 100 futures saw a small increase. During Monday's trading session, stocks initially dropped, with the Nasdaq falling over 1% before rebounding and ending the day in positive territory. The Dow added 197 points, the Nasdaq Composite gained 0.4%, and the S&P 500 rose 0.6%. Amid the conflict, crude oil prices and defense stocks surged. The conflict between Israel and Hamas has resulted in significant casualties, with over 900 Israelis and 687 Palestinians reported dead. Investors are also concerned about the potential impact of tougher sanctions on Iran on global oil supply. Economic data, including the NFIB Small Business Survey and wholesale inventories numbers, will be released on Tuesday, along with PepsiCo's quarterly earnings results.