Investors and analysts, though, believed that geopolitical risks were having less impact on share prices than signs of a strengthening global economy and corporate earnings, which have supported the ongoing momentum that pushed global indices to record highs.
“We do think overall the picture is still a strong one for stocks,” Kully Samra, managing director at Charles Schwab, told the WSJ, citing the health of the U.S. economy and corporate earnings. But while stocks should continue to climb, “you may get some pullbacks along the way.”
Reflecting the ongoing exuberance in the equities market, Alphabet (NasdaqGS: GOOGL) shares breached $1,000 for the first time shortly after the opening bell Monday. This follows Amazon (NadaqGS: AMZN) first close the same milestone Friday.
Looking ahead, the markets will be watching for potential catalysts of volatility, including a testimony from former FBI director James Comey, a European Central Bank meeting and the general elections in the U.K.
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