Stocks Steady As Israel-Hamas Conflict Raises Geopolitical Concerns

U.S. stock futures were little changed Monday as Israel-Hamas conflict raised geopolitical concerns. Dow futures traded flat while Nasdaq futures added 0.07%.

Stocks initially fell Monday before turning positive. The Dow rose 0.6% while the Nasdaq gained 0.4%. Energy and defense stocks surged amid the conflict.

Investors are concerned about potential impacts on global oil supply if Iran sanctions are tightened. But oil prices have buffer room even after recent jumps.

Upcoming economic data releases include small business and wholesale inventories numbers. Earnings from PepsiCo are due Tuesday.

Military conflicts historically cause short-term market declines before recovery. Key is whether oil prices spike and affect markets longer term.