U.S. stock-index futures fell and oil prices jumped late Sunday, as investors were rattled by geopolitical uncertainty after Hamas launched a surprise...
U.S. stock-index futures fell and oil prices jumped late Sunday, as investors were rattled by geopolitical uncertainty after Hamas launched a surprise weekend attack on Israel.
Meanwhile, oil futures CL00, +2.84% surged late Sunday. Analysts said crude prices could rise in the short term due to possible knock-on effects on Iranian oil exports. On Saturday, Hamas launched a sweeping attack on Israel, killing hundreds. Israel responded by bombarding the Gaza Strip, and on Sunday the Israeli government declared war, with Prime Minister Benjamin Netanyahu vowing vengeance and warning of a long and difficult fight ahead. The Wall Street Journal reported Iran helped plan the attack, a development that — if confirmed — could broaden the conflict.On Friday, the Dow Jones Industrial Average DJIA rose 288.01 points, or 0.9%, to close at 33,407.
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