"At the end of the day, tying that to what it means for the S & P 500 in the fourth quarter, that's a much more difficult exercise."
Indeed, both the Dow and the S & P 500 moved solidly into positive territory Monday afternoon, and the tech-focused Nasdaq was higher as well.
Not surprisingly, energy stocks on the S & P 500 jumped 3.7%, while industrials and discretionary stocks also posted solid gains.
Finally, while the market often has knee-jerk reactions to geopolitical events, they rarely last unless there are other complicating factors.
"When you look back at geopolitical issues, the market looks past them," said Lindsey Bell, chief market strategist at 248 Ventures.
Persons:
Hogan, that's, Lindsey Bell, Bell
Organizations:
Riley Wealth Management, Dow, Federal Reserve, Columbus Day, Ventures, Reserve
Locations:
Israel, that's