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Stocks Edge Up Amid Iran Tensions, Higher Energy Costs

Published 1 week, 6 days ago
Description

U.S. stocks inched up Monday, buoyed by positive jobs data and a resilient economy, despite escalating tensions with Iran. The S&P 500, Dow, and Nasdaq all gained modestly, while Treasury yields remained steady. However, soaring gasoline and oil prices, along with elevated yields, are causing concerns. Big tech stocks showed mixed results, while banks led the charge. JPMorgans CEO warned of potential shocks due to high asset prices. Overseas, Japans Nikkei and South Koreas Kospi rose, as markets await the looming deadline for potential strikes on Iranian targets.

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