Futures down as Middle East conflict sparks run for safe-haven assets

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Futures down as Middle East conflict sparks run for safe-haven assets
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Israel's troops were still fighting to recapture towns from Hamas gunmen who killed 700 Israelis and seized hostages, even as the country responded with its ...

- U.S. stock index futures slipped on Monday as a growing conflict between Israel and the Palestinian Islamist group Hamas roiled global markets and pushed investors toward safe-haven assets, while crude prices jumped close to 3%.

U.S Defense Secretary Lloyd Austin said the United States will send multiple military ships and aircraft closer to Israel as a show of support. At 5:04 a.m. ET, Dow e-minis were down 152 points, or 0.45%, S&P 500 e-minis were down 23.5 points, or 0.54%, and Nasdaq 100 e-minis were down 96.5 points, or 0.64%.

Data would take center stage once again this week with September producer price index and consumer price inflation readings due on Wednesday and Thursday, respectively. Among individual stocks, Tesla dipped 1.6% as data showed the company's China-made EV sales volume for September decreased 10.9% from a year ago.

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