Israel-Hamas Conflict Sparks Dow Futures Drop and Oil Market Concerns

Stock futures, including Dow Jones Industrial Average and S&P 500, fell on Sunday as the attack on Israel by Palestinian militants increased geopolitical risk in an already fragile market dealing with inflation and surging interest rates. The Israeli-Palestinian conflict escalated to full-blown war after Hamas staged an invasion, leading to rising tensions in the energy market and potential volatility in the broader market. Oil prices climbed as stock futures fell, with experts forecasting a surge in oil prices. The conflict could also impact OPEC+ decisions on oil output. With the bond market closed on Monday, Wall Street will have to wait until Tuesday for an update on interest rates.