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CNBC’s Jim Cramer parsed Monday’s market action, explaining why he thinks stocks went higher after the market digested news of the U.S.’s attack on Iran and the country’s response.
“Today, the market breathed a bullish sigh of relief when Iran simply fired ordinary missiles at our military bases in the region. At least so far, there haven’t been any casualties,” he said, adding that President Donald Trump said Iran warned the U.S. of the attack before it happened. “We blew up their nuclear program and that’s all they can come up with?”
The U.S. dropped bombs on key nuclear facilities in Iran, directly entering the war between the country and Israel over the weekend. On Monday, Iran announced it had attacked a U.S. military base in Qatar in retaliation. However, Qatar’s Defense Ministry said it successfully intercepted the missile strike and reported there were no deaths or injuries.
Investors largely shrugged off the escalating geopolitical turmoil, and the Dow Jones Industrial Average
