Markets stabilized in morning trading after overnight declines following Iran’s missile attack of U.S. bases in Iraq.
Stocks moved broadly higher and oil prices pulled back as Iran and the U.S. appeared to tone down their rhetoric. The missile attack comes a week after a U.S. drone strike killed a key Iranian general.
Technology and communications companies also rose. Real estate companies and utilities lagged the market as investors shifted money away from the safe-play sectors.KEEPING SCORE: The S&P 500 index rose 0.5% as of 11:39 a.m. Eastern time. The Dow Jones Industrial Average rose 138 points, or 0.5%, to 714. The Nasdaq rose 0.5%. The Russell 2000 index of smaller company stocks rose 0.3%.
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