Dow Falls on New Israel-Hamas Violence, Though Impact on Oil Prices Unclear
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Dow futures fell 100 points on Sunday after attack on Israel by Hamas militants. Adds geopolitical risk to already fragile market.
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Israeli-Palestinian conflict escalated to war on Saturday. Israel caught off guard by Hamas invasion.
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Rising geopolitical tensions could impact energy market. Some experts forecast "knee jerk surge" in oil prices.
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Oil prices pulled back last week but rose 2% early Sunday. Neither Israel nor Palestine major players in energy.
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Jobs report on Friday showed hiring remains robust but wage growth muted. Gave hope inflation cooling.