NEW YORK - Investors are watching over the weekend for signs of whether the conflict in the Middle East will escalate, which could ratchet up volatility in markets that already expected a busy week ahead with a Federal Reserve policy statement and Apple results.
"The situation in Israel is … causing a lot of anxiety,” said Randy Frederick, managing director of trading and derivatives for Charles Schwab. "That said, any sign that the other countries in the region are becoming more involved in the conflict would cause oil prices to rise sharply," they wrote. The S&P 500 has fallen more than 10% since late July, when it reached its high for 2023, though the index is up over 7% year-to-date.
A pro-Russian former Ukrainian lawmaker who was lined up to be Putin's puppet leader in Kyiv was shot in Crimea
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