The S&P 500 and the Nasdaq fell on Monday as a deepening conflict between Israel and the Palestinian Islamist group Hamas roiled global markets and pushed investors toward safe-haven assets, while crude prices jumped over 3%.
Israel said its troops backed by helicopters had killed a number of armed infiltrators entering the country from Lebanon, raising fearsThe Israeli military said it had called up an unprecedented 300,000 reservists and was imposing a total blockade of the Gaza Strip, signs it could be planning a ground assault.
For the week, key inflation readings including September's producer price and consumer price indexes, as well as the Federal Reserve's September meeting minutes will be in focus.said the recent rise in long-term U.S. Treasury yields and tighter financial conditions more generally could mean less need for the U.S. central bank to raise interest rates further.shed 2.5% as data showed the company's China-made EV sales volume for September decreased 10.9% from a year ago.
Declining issues outnumbered advancers for a 1.45-to-1 ratio on the NYSE and a 2.40-to-1 ratio on the Nasdaq. The S&P index recorded four new 52-week highs and six new lows, while the Nasdaq recorded 16 new highs and 113 new lows.Tesla workers at the carmaker's Brandenburg plant are joining the IG Metall union in rising numbers over concerns around health, safety and overwork, the union said on Monday.
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