US stocks opened higher on Monday as traders seemed unfazed by the recent US airstrikes on Iranian nuclear facilities. The Dow climbed 102 points to 42309.57 while the S&P 500 rose to 5985.98 and the Nasdaq gained 39.07 points.

In the crypto market Bitcoin jumped 2.32 percent to 101384.61 and Ethereum rose 3.27 percent to 2255.90. Other digital coins like Solana Dogecoin and XRP also posted gains.

Oil prices also moved up slightly as traders assessed the possibility of supply disruption from Iranian retaliation. West Texas Intermediate crude rose to 74.48 and Brent crude reached 77.55 while gasoline and diesel both ticked higher.

TECH AND CYBER STOCKS GAIN FAVOR AMID MIDDLE EAST TENSION

Analysts said the airstrike was expected and that it may now remove a major threat to market stability. Dan Ives of Wedbush Securities said tech investors had been anticipating the strike and viewed it as an overhang that is now gone.

He said cybersecurity stocks could lead gains in the coming days as investors prepare for possible retaliation by Iran in the form of cyber attacks. Stocks like Palo Alto CyberArk and CrowdStrike were among his top picks.

Ives added that the longer-term outlook for tech and AI in the Middle East remains strong especially with Saudi Arabia and the UAE leading adoption.He warned that oil could still reach 100 dollars per barrel if Iran shuts the Strait of Hormuz but said the chance remains low in the short term.