Markets shrug off latest Middle East escalation
Calm returned to Wall Street, and US stocks rose yesterday, while oil prices are giving back some of their initial spurts following Israel's attack on Iranian nuclear and military targets at the end of last week.
The S&P 500 was up 1.1pc in morning trading and on track to reclaim nearly all of its drop from Friday. The Dow Jones Industrial Average was up 449 points, or 1.1pc, as of 10:05am Eastern time, and the Nasdaq composite was 1.4pc higher. They joined a worldwide rise in stock prices, stretching from Asia to Europe.
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