STOCK MARKETS TODAY: U.S. Stocks Surging as Investors Brush Off Israel-Iran Confrontation Concerns, Focus on Solid Retail Sales Data

• U.S. stocks jumped on Monday as investors' fears of an Israeli and Iranian conflict were swept away.

• The stock market rally continued after March retail sales data climbed 0.7%, more than double the 0.3% estimate.

• As first-quarter earnings reports are being released, Goldman Sachs has impressed investors by reporting better-than-expected results.

U.S. stocks jumped Monday as investors shifted their attention from this weekend's Israel-Iran conflict to solid economic data and a new batch of corporate earnings reports.

Iran fired hundreds of missiles and drones at Israel, but Israel's defenses, backed by its allies, intercepted almost all of them.

"There seems to be a general sense of relief that Iran's bombing of Israel on Saturday was largely repelled and apparently relatively easy," said Dave Morrison, senior market analyst at Trade Nation.

As the market turns to the week ahead, investors were most concerned with solid economic and earnings data on Monday, as retail sales rose by 0.7% in March, more than double the consensus estimate of 0.3%. While the solid sales data could lead to a longer road to deflation, it does suggest that the US economy remains on solid footing.

Meanwhile, Goldman Sachs' first-quarter results beat Wall Street expectations, with its investment banking and fixed-income businesses the main drivers of profit growth. Shares of Goldman Sachs jumped nearly 4% in early rock trading Monday.

Here's what the U.S. stock indexes are doing shortly after the 9:30 a.m. opening bell on Monday:

• S&P 500 Index::5,161.17 points, up 0.73%.

• Dow Jones Industrial Average38,333.38 points, up 0.95% (+358.95 points)

• Nasdaq Resonanceindices16,239.01 points, up 0.38%.

Here are some other events that happened today:

• If the Fed cuts interest rates too soon, the average U.S. home price could soar to a record $500,000 in 20%, experts say.

• Trump Media & Technology Group Bubba filed to sell millions of shares of stock with the U.S. Securities and Exchange Commission, after which the company's stock plummeted nearly 20%.

• Goldman Sachs announced its highest quarterly profit since 2021. Here's the industry breakdown.

Commodities, bonds and cryptocurrencies:

• West Texas resonance Intermediate crude fell 0.51% to $85.22 a barrel. International benchmark Brent crude oil fell 0.60% to $89.91 per barrel.

• Gold fell 0.081 TP3T to $2,372.20 an ounce.

• The 10-year Treasury yield climbed 8 basis points to 4.61%.

• Bitcoin rose 0.50% to $68,119.

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