Investor sentiment shifts as Middle East tensions rise and China stimulus boosts stocks

cnbc.com October 3, 2024, 02:01 AM UTC

Investor sentiment is affected by rising tensions in the Middle East, but Chinese stocks are rallying due to recent economic stimulus from Beijing. Major U.S. indexes closed slightly higher despite these geopolitical concerns. Oil prices are increasing, benefiting energy stocks, while Tesla's shares fell 3.5% after missing delivery expectations. The U.S. private sector added 143,000 jobs in September, exceeding predictions. Overall, the S&P 500, Dow Jones, and Nasdaq Composite showed minimal gains, indicating resilience amid global uncertainties. The positive impact of China's stimulus is helping to offset concerns from the Middle East.


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