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  • Nasdaq Composite Index ended up 0.6% at 9,071, after touching a Monday low of 8,943.50.
  • DJIA, ended up about 70 points, or 0.2%, at 28,703.
  • S&P 500 index finished-up higher by  0.4% at 3,246.

US benchmarks ended on Monday considerably higher despite the threats of a war between the US and Iran. The benchmarks started off on their knees, but throughout the day started to recover and in the 11th hour, staged a firm final push to the upside.

Subsequently, the Dow Jones Industrial Average, or the DJIA, ended up about 70 points, or 0.2%, at 28,703, after bleeding as many as 216.25 points at Monday’s low. The S&P 500 index finished-up higher by  0.4% at 3,246, after touching an intraday low at 3,214. The Nasdaq Composite Index ended up 0.6% at 9,071, after touching a Monday low of 8,943.50.

Markets don’t expect war in the Middle East

Tensions were higher over the weekend following the US airstrike in Iraq last week killed, Qassem Soleimani, a powerful Iranian general, lending to a risk-off start in Asia following a risk-off close on Wall Street on Friday. However, European markets recovered and the positive mood moved over the US stocks as traders presumed that the unthinkable will not become a reality and escalation of tensions will conclude in a cease-fire in the provocation. That said, retaliation could instead come in a proxy attack, something which the US would not see fit to respond to. 

DJIA levels