U.S. stock indexes rise Tuesday and move close to record levels as trading resumes after a Monday holiday and the market catches up with gains posted earlier in other parts of the world. After resuming trading, the S&P 500 increases about 0.4%, while the Dow Jones Industrial Average is slightly lower, down roughly 0.2% by midday Eastern time, and the Nasdaq Composite is up about 0.8%. All three indexes are reported to be near all-time highs.
Earlier momentum is reported to ease as fighting continues in the region. The U.S. military says it carries out “self-defense” strikes in southern Iran, including actions at missile launch sites and against boats placing mines. Markets have previously rallied on hopes for a possible end to the war with Iran, but the conflict’s continuation has at times weighed on sentiment.
Commodity prices also reflect the situation: Brent crude rises by about 4.1% to $100.10, though it only partially recovers from a larger decline on Monday. The reported U.S. crude price is down in comparison.
