Wall Street showed unexpected resilience Monday as investors looked past a sharp escalation in the Middle East, where Iran fired missiles at U.S. military bases in Qatar and Iraq — just 48 hours after American strikes targeted Iranian nuclear facilities.

According to Axios, citing Israeli officials, Iran launched six ballistic missiles at Al Udeid Air Base in Qatar, the largest U.S. military presence in the Middle East. Another missile was reportedly fired at a U.S. base in Iraq.

Despite the rising geopolitical risks, U.S. equity markets held firm. By midday trading in New York, the Nasdaq 100 rose 0.7% to 21,755, the S&P 500 added 0.4% to 5,990, while the Dow Jones Industrial Average inched 0.3% higher to 42,321. Small caps underperformed, with the Russell 2000 down 0.1% to 2,107.

President Donald Trump is scheduled to meet with his national security team at 1 p.m. ET at the White House to assess the evolving threat landscape.

Monday's session defied expectations in energy markets. West Texas Intermediate crude fell over 5% to below $70 a barrel, on track for its worst one-day drop since early April and its lowest level in a week.

Gold rose 0.6% to $3,387 per ounce. The day’s standout gainer was the U.S. bond market, with yields falling across major maturities.

The iShares 20+ Year Treasury Bond ETF TLT gained nearly 1%, surging to levels last seen in May 8.

Major Indices	Price	1-day chg. %
Nasdaq 100	21,755.49	0.7%
S&P 500	5,988.77	0.4%
Dow Jones	42,321.51	0.3%
Russell 2000	2,107.04	-0.1%

Updated by 1:20 p.m. ET

According to Benzinga Pro data:

The Vanguard S&P 500 ETF VOO rose 0.5% to $550.39.
The SPDR Dow Jones Industrial Average DIA inched 0.4% up to $423.40.
The tech-heavy Invesco QQQ Trust Series QQQ rose 0.5% to $529.89.
The iShares Russell 2000 ETF IWM held steady at $209.28.
The Consumer Discretionary Select Sector SPDR Fund XLY outperformed, up 1.5%; the Energy Select Sector SPDR Fund XLE lagged, down 2.6%.

Monday’s Stock Movers

FactSet Research Systems Inc. FDS gained 3.4% despite missing earnings expectations, buoyed by stronger-than-expected forward guidance.
Novo Nordisk NVO said Monday it has terminated its partnership with Hims & Hers Health Inc. HIMS for selling weight-loss drugs, including Wegovy. Shares of Novo fell 6%, while Hims & Hers plunged 33%.
Tesla Inc. TSLA surged nearly 10% after CEO Elon Musk touted the "successful" weekend rollout of the company's robotaxi fleet in Austin, Texas.

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