Wall Street absorbs Israel conflict
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The surprise Hamas attack on Israel over the weekend pressured U.S. markets Monday morning, but the main indices recovered in the afternoon and closed positive. The S&P rose 0.63%, the Nasdaq 0.39% to nearly 13,500, and the Dow 0.59%.
Airlines stocks tumbled while defence names popped. United Airlines slid 4.88% and American Airlines fell 4.08% while Northrop Grumman soared 11.43% and Lockheed Martin jumped 8.93%. Elsewhere, Disney climbed 2.12%. The U.S. 10-year yield edged up to 4.79% while Bitcoin declined 1.2% to $27,600.
The bond markets were closed as was the TSX for Canadian Thanksgiving. WTI crude jumped 4.25% to $86.30 a barrel.
✈ United Airlines Holdings (UAL-Q) -4.88%
🛫 American Airlines Group (AAL-Q) -4.08%
🚚 Northrop Grumman (NOC-N) +11.43%
🚚 Lockheed Martin (LMT-N) +8.93%
👸 Walt Disney Co. (DIS-N) +2.12%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) -1.2%