US Stocks Overcome Early Decline Amid Israeli-Gaza Tensions to Close Higher By Cointelegraph

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October 9, 2023

US markets demonstrated resilience on Monday, initially succumbing to concerns over the escalating Israeli-Gaza conflict, but rebounding later to close in the green. The Dow closed up 0.5%, at 33,604.65. The S&P 500 rose by 0.6%, reaching 4,335.66. The tech-heavy Nasdaq went to 13,484.24, a gain of 0.4%. The S&P was down slightly at 10:50 a.m. ET, having fallen from 4281.91 to 4285.73, a loss of 3.852 points, but this loss was erased by the end of the day. The other two indices made similar moves down, then up.

One-day chart for the S&P 500. Source: MSN Money.
One-day gold chart, 10-9-2023. Source: GoldPrice, TradingView