Posted 10/18/2023, 3:47:51 PM
Stocks Slide, Oil Jumps on Israel-Hamas Conflict; Yields Top 4.9%
- U.S. stocks slid and oil jumped on geopolitical concerns related to escalating Israel-Hamas conflict
- Yields continued to rise, with 10-year Treasury yield topping 4.9% for first time since 2007
- Earnings reports were in focus, with Morgan Stanley and United Airlines missing forecasts
- Nasdaq exchange operator surged on better-than-expected quarterly results
- Investors await Tesla and Netflix earnings after market close
