"Israel-Hamas Conflict Rattles US Markets, Energy Prices, and Global Stability"
The ongoing conflict between Israel and Hamas is causing economic uncertainties in the war-torn region, impacting global financial markets. Israeli stocks listed in New York and Tel Aviv have reached recent lows, with over 100 Israeli companies listed on US exchanges. The conflict has led to stock market declines, a drop in the shekel, and outflows from Israeli-focused exchange-traded funds. Businesses with exposure to Israel, such as Mobileye Global and Tower Semiconductor, have seen their stock prices fall. The outcome of the war will determine the market's response, with historical data suggesting potential short-term declines followed by recovery. In addition to the Israel-Hamas war, concerns about inflation, upcoming corporate earnings, and the closure of thousands of drugstore chains are contributing to investor uncertainty.