All eyes on Wall Street will now turn to rising tensions between Israeli and Palestinian fighters after the outbreak of war in the region.
Stock futures were lower on Sunday as the attack on Israel by Palestinian militants adds geopolitical risk to an already fragile market dealing with inflation and surging interest rates.
The Israeli-Palestinian conflict escalated to full-blown war on Saturday after the militant group Hamas staged an invasion, to which Israel was seemingly caught off guard. Israeli Prime Minister"knee jerk surge" in oil. The rising tension could also serve to stoke further volatility in market that has kept traders worried with persistent inflation and higher interest rates.notching an 8% drop. While neither Israel nor Palestine are major players in the global energy picture, both nations are located in a key region for oil that could have broader implications.
With the bond market closed on Monday for Columbus Day, Wall Street will have to wait until Tuesday for an update on interest rates.showed hiring remains robust, with the economy adding 336,000 jobs last month. Wages, meanwhile, grew at a largely muted clip, which gave investors hope inflation was cooling.
Bond yields eased somewhat as stocks climbed Friday, but the10-year Treasury yield reached a 16-year high earlier in the week.The stock market's report card one year since the bottom of the 2022 bear market
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