Iran war hits 100 days as S&P 500 reaches new highs
Why it matters: Oil, bond and inflation risks remain elevated even as investors keep betting the conflict will stay contained.
The Middle East war reached its 100-day mark on Sunday, with fighting between Iran, the United States and Israel still rippling through global markets. Stocks initially fell after the opening strikes, but Wall Street has since recovered and the S&P 500 has climbed to fresh record highs. CNBC reported that investors are looking past higher oil prices and war-related inflation risks, helped by optimism around AI spending and strong profit prospects for U.S. companies. Bond markets have stayed volatile, with sovereign yields elevated. Analysts said European shares have been more constrained by rising energy costs, while the U.S. has been more insulated because of its oil self-sufficiency. A fragile ceasefire remains in place as diplomacy stalls.