Israeli bombardments intensified ahead of a likely ground invasion, dashing hopes of a brief ceasefire in southern Gaza as residents of the Hamas-ruled region said the overnight strikes were the heaviest yet in nine days of conflict.
The S&P 500 and the Nasdaq dropped on Friday as deteriorating consumer sentiment data and the Middle East conflict kept investors away from riskier bets and overshadowed some upbeat earnings from big U.S. banks. Of the 32 S&P 500 companies that have reported results so far, 87.5% of them have surpassed expectations compared to a long-term average of 66.5%.
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