Stocks Bounce Back Despite Mideast Tensions

London: 15 April 2024 (TraderMade): Stock markets recovered on Monday, clawing back some losses from a rough week.

US Markets Rebound

All three major US indexes closed higher, led by the Dow Jones Industrial Average. Goldman Sachs' strong earnings and positive retail sales data bolstered investor sentiment.

Tech Lags, Defense Gains: The tech-heavy Nasdaq underperformed, while defense stocks like Lockheed Martin rose.

Rising US Yields: US bond yields climbed as investors anticipated a slower pace of Fed rate cuts.

Europe Follows Suit: European markets also edged higher, with most sectors advancing except oil & gas.

Geopolitical Jitters Linger

The possible Middle East conflict as Iran attacks Israel keeps the markets on the edge. News of President Biden dissuading Israel from a counter-offensive offered some relief.

Uncertainty Remains: The ongoing geopolitical situation and potential Fed policy changes create short-term market uncertainty.