Tel Aviv stocks erased morning losses and moved nearly 1% higher on Sunday in the first trading session since the start of a wave of missile strikes between Israel and Iran on Friday, as Israel and its economy attempt to remain as open as possible.

Sirens sounded in Israel as Iran launched dozens of ballistic missiles in retaliation for Israel's strikes on its nuclear facilities.

At least three people were killed and scores were wounded during an aerial battle over Tel Aviv, as Iranian missiles rained down and Israeli rockets attempted to intercept them.

President Donald Trump told Reuters in a phone interview on Friday that it was unclear if Iran still has a nuclear program following Israeli strikes on the country. Trump told Reuters the U.S. still has nuclear talks planned with Iran on Sunday but that he is not sure if they will still take place.