New York —
The US war with Iran rippled through markets Monday. Oil surged, gold rose — and stocks shrugged. The S&P 500 ended the day flat despite raging conflict in the Middle East.
Just one week ago, a report hypothesizing on how AI could disrupt the economy sent the Dow tumbling by more than 800 points. This week, stocks’ reaction to war was mostly tepid — the Dow closed lower by just 73 points Monday, rebounding from a brief 600-point slide, while the S&P gained less than 0.1%.
That’s because investors are worried