Stocks mostly rose on the New York Stock Exchange on Monday as U.S. investors continued to monitor the unfolding Israel-Hamas conflict while gearing up for a busy week of corporate earnings.
Futures on the Dow Jones Industrial Average gained about 0.4%, while those on the S&P 500 rose around 0.2%. Contracts listed on the tech-heavy Nasdaq 100 remained relatively flat.
As Israel continues its counter-offensive against Hamas following last week’s terror attacks against the Jewish state, investors are becoming increasingly concerned about the potential escalation of the conflict which could draw the United States further into the fold along with Iran. This conflict threatens to send oil prices surging.
Corporate earnings set to be released this week include those of financing giants Goldman Sachs and Bank of America on Tuesday. Tesla and Netflix are expected to provide updates of their own on Wednesday.