Global stocks retreat further on Middle East fears

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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Oil prices rise, stocks slide on fears of broader Middle East warNEW YORK: Oil prices rallied and global stocks fell Wednesday on fears that the Israel-Hamas war could spill over into a regional conflict, after a strike at a Gaza hospital dealt a blow to President Joe Biden's diplomatic drive.
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