Wall Street extends rally, Dow Jones at new record high

NEW YORK, New York - U.S. stocks made modest gains on Monday despite major geopolitical uncertainty with the Middle East hurtling towards a regional war. Israel launched a major preemptive attack on Lebanon Monday, which killed 356 people and wounded more than 1,200, the Lebanon health ministry confirmed.

Stock markets in Tel Aviv rose on the news, joining U.S. European and U.S. markets in gaining ground.

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