US Stocks Flip Narrative, Beating Rest of World as War Drags On

US stocks have flipped the script for international investors since war erupted in the Mideast, handily outpacing the rest of the world after trailing their global peers badly last month.

Traders point to US energy independence at a time when crude prices are soaring and to the dollar’s re-emergence as a dominant haven asset during the conflict. The longer hostilities continue, they say, the more scope American stocks have to keep outshining other markets.