The United Nations Security Council is convening Monday to discuss Israel's ground invasion of Gaza, while the World Bank is projecting a substantial increase in oil prices as a result of the conflict.
It has been another week of volatility in the stock market, characterized by mounting fears of a wider Middle East conflict and a more cautious fourth-quarter earnings outlook announced by U.S. corporations.
U.S. stocks were rebounding Friday following the release of personal consumption expenditures inflation data for September, and economists are leaning toward a Fed hold next week.
Israeli forces carried out focused incursions into Gaza for a second consecutive night, as reported by the IDF's official X account on Friday, as part of their preparations for the next phase of the conflict with Hamas.
Amid the ongoing Israeli-Hamas conflict, President Joe Biden's approval rating has dropped to 37%, with a significant decline among Democratic voters, partly due to criticism over his perceived stance on Israel, as per a recent Gallup poll.