U.S. equities fell and oil futures surged at midday amid concerns about conflict in the Middle East after fighting between Hamas and Israel broke out over the weekend. The Dow, S&P 500, and Nasdaq lost ground. Gold prices advanced as investors sought so-called “safe haven” investments. 

Demand for defense stocks rose, with shares of Northrop Grumman (NOC), L3Harris Technologies (LHX), and Lockheed Martin (LOC) advancing. The rise in crude oil prices boosted shares of Chevron (CVX) and other oil producers. 

Travel stocks plummeted amid worries about the impact on travel demand. Shares of United Airlines Holdings (UAL) and rival carriers slumped, as did shares of Norwegian Cruise Line Holdings (NCLH) and other cruise lines.

Alternative energy stocks slipped as OPEC predicted oil demand will grow more🥂 than previously expected despite increases in “green” energy use. Shares of SolarEdge Technologies (SEDG) declined. Tesla (TSLA) shares dropped after data showed its year-over-year sales in China sank 10.🧸9% last month. 

Walt Disney (DIS) shares rose following a report澳洲幸运5官方开奖结果体彩网: activist investor Nelson Peltz’s Trian Fund Management incre♈ased its stake in the entertainment company and may try to get Peltz and others on the board. 

The U.S. dollar gained on the euro and pound, but declined versus the yen. Major cryptocurrencies traded in the red. The bond market was closed for a holiday in the U.S.