Wall Street Rises As Syria Fears Ease Healthcare Stocks Jump

Wall Street Rises As Syria Fears Ease Healthcare Stocks Jump

- U.S. stocks rose on Monday on waning fears that the weekend's U.S.-led missile attack on Syria would escalate into a broader conflict and a rise in

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– U.S. stocks rose on Monday on waning fears that the weekend’s U.S.-led missile attack on Syria would escalate into a broader conflict and a rise in healthcare shares after Merck’s positive update on a cancer drug.

Saturday’s strikes marked the biggest intervention by Western countries against Syrian President Bashar al-Assad and his ally Russia, which is facing further economic sanctions over its role in the conflict.

“The action was well-received … and that’s giving a chance for investors to focus on macro news and earnings,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.

“It’s not going to be a negative unless it turns into a bigger conflict. It’s going to be a day where the market is going to attempt to move a bit higher.”

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