S&P 500 hits two-week high of $4,340 as equities shrug off Gaza escalation fears

The Standard & Poor's (S&P) 500 equity index is trading near $4,330, a two-week high for the index after markets recovered from an early Monday spat o

S&P 500 hits its highest prices in two weeks as equities rally off weekend Gaza jitters. US equities dipped to kick off the trading week after Hamas rocket attacks over the weekend, but investors recovered their mood into the midday. Markets will be turning their eyes ahead to US inflation figures due in the mid-week. f risk aversion sparked by escalating tensions in the Gaza Strip over the weekend.

Tuesday brings a collection of speeches from Fed officials, including Waller, Kashkari, and Daly; on Wednesday the latest Producer Price Index drops, with the annualized period into September expected to show a slight uptick into 2.3% from 2.2%. Thursday will see US Consumer Price Index figures, forecast to decline softly for the same period to 4.1% from 4.3%, which would see inflation still well above the Fed's 2% inflation target.

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