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CNBC Daily Open: The Israel-Iran conflict continues but markets seem unfazed

1. S&P 500 rose 0.94% amid reports of a potential ceasefire with Iran. 2. Israeli PM Netanyahu insists on continuing military action against Iran. 3. Oil prices and safe-haven assets declined, signaling market resilience. 4. U.S. Steel shares jumped 5.1% after Trump cleared its merger with Nippon Steel. 5. OpenAI secured a $200 million contract with the U.S. Defense Department.

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FAQ

Why Bullish?

The S&P 500's rise shows market optimism over geopolitical tensions easing, reminiscent of earlier conflicts where perceived stability led to gains.

How important is it?

The article discusses significant geopolitical developments that can sway market expectations and investor sentiment in the near term.

Why Short Term?

Immediate market reactions stemmed from news of a ceasefire proposal, but ongoing tensions may quickly sway outlooks.

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