Israel-Hamas Conflict Sparks Investor Fears of Market Volatility
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Investors worried that conflict between Israel and Hamas could escalate and cause market volatility.
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Oil prices spiked on Friday over concerns the conflict could disrupt crude supplies. Gold also rose to over $2,000/ounce.
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If conflict widens, it could drive up U.S. deficit spending and Treasury yields, adding pressure on stocks.
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Safe-haven assets like Treasuries could also rally if conflict grows, potentially easing pressure on stocks.
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Markets already on edge ahead of Fed policy statement Wednesday and big tech earnings like Apple's this week.