US stock market outlook: Will S&P 500, Dow Jones, Nasdaq crash or rise amidst Iran Israel war?
Donald Trump stunned the world by declaring that USA conducted "very successful attack" on three nuclear sites in Iran. US Stock Market indexes -- S&P 500,
Dow Jones
, and
Nasdaq
-- on Monday are bound to react as President Trump's decision to join Israel's military campaign against Iran represents a major escalation of the conflict.
Stock market experts have said that next two weeks are crucial for the Wall Street as all eyes will be on US Dollar rate and oil prices.
Mark Malek, Chief Investment Officer, Siebert Financial, NYC said that this is going to be very positive for the stock market. "I believe that on Friday if you'd asked me, I would have expected two weeks of volatility with markets trying to analyze every drib and drab of information coming out of the White House and I would have said that it would have been better to make a decision last week. So this will be reassuring, especially since it seems like a one and done situation and not as if (the US) is seeking a long, drawn out conflict," Malek said.
Rong Ren Goh, Portfolio Manager, Eastspring Investments, Singapore said that with the prospects of a swift resolution now diminished, investors are likely to reprice risk across markets.
Wall Street drifted to a mixed finish on Friday. S&P 500 fell 0.2 per cent to close out a second straight week of modest losses. The Dow Jones Industrial Average added 0.1 per cent, and the Nasdaq composite fell 0.5 per cent. S&P 500 fell 13.03 points to 5,967.84. The Dow Jones Industrial Average rose 35.16 to 42,206.82, and the Nasdaq composite fell 98.86 to 19,447.41.
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FAQs
Q1. What are key indexes of US Stock Market?
A1. Key indexes of US Stock Market are S&P 500, Dow Jones, and Nasdaq.
Q2. Where did USA carry out attacks?
A2. President Donald Trump said that the US military carried out attacks on Natanz, Fordo, and Isfahan nuclear sites.
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