Markets shrug off Middle East fighting

Over the weekend, futures slid after Iran and Israeli exchanged attacks, but on Monday markets shrugged off this conflict and rose. The S&P gained 0.94%, the Nasdaq 1.52% and the Dow 0.75%, though Bitcoin spiked 3.7% to US$108,650.

Major movers included Estee Lauder soaring 10.82%, AMD 8.81%, MGM Resorts 8.1%, Lockheed Martin -3.99% and Northrup Grumman -3.72%. The U.S. 10-year yield edged up to 4.45%.

The indices faded into the close, including the TSX which posted an intra-day high early in the session, though managed to close 0.24% higher, just shy of its all-time mark. Sectors were mixed with tech outperforming and energy lagging, due to WTI crude slipping over 2% to US$71.45 on hopes that the Iran-Israel conflict will be contained. Meanwhile, the G7 are meeting in Alberta, and the market is keeping an eye on any news between Canada and the U.S.

🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.7%

💄 Estee Lauder (EL-N) +10.82%

💾 Advanced Micro Devices (AMD-Q) +8.81%

♠ MGM Resorts International (MGM-N) +8.1%

🚚 Lockheed Martin (LMT-N) -3.99%

🚚 Northrop Grumman (NOC-N) -3.72%