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Today's stock market: the tension in the Middle East is escalating, Asian stock markets follow the Wall Street downtrend

Asian stocks fell on Monday as fears that tensions in the Middle East could escalate rocked financial markets, prompting investors to look for safer places for their money. Despite the tensions in the Middle East, US futures rose, oil prices fell, and an attack late Saturday marked the first time Iran has launched a military attack against Israel, despite decades of animosity dating back to the 1979 Islamic Revolution. A barrel of benchmark U.S. oil fell 41 cents to $85.25 a barrel.

Markets Weigh Repeat Cycle Risks After Iran Attacks Israel

(Bloomberg) -- Financial markets will be jittery over geopolitics in the new week, depending largely on whether Iran's unprecedented weekend strike on Israel will trigger a round of retaliation. Bloomberg's top reads Israel vs. Iran - What an Open War Between the Two Would Look Like DR. BIDEN WARNS OF POSSIBLE ELECTRICAL EMERGENCY NEXT WEEK BIDEN RETURNS TO THE WHITE HOUSE, ISRAEL PREPARES FOR IRANIAN REVOLUTION Israel and its allies mostly prevented Iran from making its unprecedented attack A $150 billion fortune has buoyed the Qatari royal family in the midst of a crisis.

XLE ETF: Energy Stocks Are Booming Again

Don't look now, but the energy sector is heating up again, with the Energy Select Sector SPDR Fund (NYSEARCA:XLE) creeping up 16% year-to-date to break out to a new 52-week high. I'm bullish on XLE based on the momentum in the energy sector, its portfolio of highly rated energy stocks, and the relatively cheap valuations of these holdings, even given the strong performance in 2024. I am also bullish on XLE because of its cost-effective expense ratio and 3% dividend yield. Favorable S
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