Posted 10/8/2023, 10:13:00 PM
Stock Futures Down on Geopolitical Tensions Between Israel and Hamas; Energy Markets on Edge
- Dow futures fall 100 points after attack by Hamas against Israel
- Rising geopolitical tensions could impact energy markets and stoke volatility
- Oil prices pulled back last week but war could lead to price increase
- OPEC+ will remain cautious on expanding output despite attack
- Hotter-than-expected jobs report on Friday showed robust hiring but muted wage growth
- Bond yields eased Friday but 10-year Treasury yield hit 16-year high earlier in week
- Wall Street faced with headwinds of war, inflation, and rising interest rates