The stock market had a wild ride on Tuesday, but history suggests that's par for the course and may not be an indication of worse to come.

Global investors reacted to the weekend strikes in the Middle East by selling U.S. stocks in futures markets. Some assets may benefit, however.

European indexes dropped around 2% at open, hit by a 10% jump in Brent crude prices and a 23% surge in gas prices. Defense companies and oil majors are benefiting from the war in…