Wall Street absorbs Israel conflict

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%