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Global stocks retreat further on Middle East fears

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NEW YORK, United States - Global stock markets slid Friday on worries that an expected ground invasion of Gaza by Israel would spark a wider conflict in the Middle East.

NEW YORK, United States - Global stock markets slid Friday on worries that an expected ground invasion of Gaza by Israel would spark a wider conflict in the Middle East.The Dow Jones Industrial Average lost 0.9 percent, while the S&P and Nasdaq indexes fell over one percent.

At the same time, markets are warily eyeing ongoing conflict in the Middle East, for signs it could spread to other countries. In response, Israel launched a relentless bombing campaign on Gaza. More than 4,100 Palestinians, mostly civilians, have been killed, according to the latest toll from the Hamas-run health ministry.

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