The Dow rose 374 points to kick off the week after reports that a retaliatory attack by Iran on a U.S. base in Qatar was intercepted, leaving no casualties. The Nasdaq and S&P 500 finished firmly in the black as well, the former by triple-digits. Meanwhile, the S&P global flash U.S. manufacturing purchasing managers' index (PMI) held at 52 in June, above forecasts, while the S&P flash U.S. services PMI came in at 53.1, also above estimates. Existing home sales increased 0.8% in May. 

CRUDE FUTURES DROP, BRUSHING OFF MIDDLE EAST TENSIONS

Oil prices dropped sharply today, brushing off Iran's potential closure of the Strait of Hormuz, after the restrained attack by Iran on a U.S. base. July-dated West Texas Intermediate (WTI) crude fell $5.33, or 7.22%, to close at $68.51 per barrel. 

Bullion inched higher following Friday's weekly loss. U.S. gold futures rose 0.4% at $3,400.70 per ounce.

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