1MDB’s RM2.28b went through many banks overseas before coming back to Malaysia and into Najib’s accounts, Bank Negara analyst says
But late in the afternoon, a senior Hamas official said the group is open to discussions over a possible truce with Israel. US President Joe Biden said he directed his team to coordinate with regional partners to warn anyone seeking to take advantage of the situation. “The stock market and investors are focused on two things, the economy and earnings. The US economy is not slowing and earnings are expected to come out of a recession with reports starting this week,” Augustine said.
The Dow Jones Industrial Average rose 197.07 points, or 0.59 per cent, to 33,604.65. The S&P 500 gained 27.16 points, or 0.63 per cent, at 4,335.66 and the Nasdaq Composite added 52.90 points, or 0.39 per cent, at 13,484.24. Rising oil prices boosted the S&P energy sector, which ended up 3.5 per cent, making it the biggest gainer among the S&P 500's 11 major industry sectors.
Exchange-traded funds exposed to Israel were selling off, with iShares MSCI Israel ETF falling 7 per cent while the ARK Israel Innovative Technology ETF fell 5 per cent.