Futures fall as risk of wider Middle East conflict lingers; Big Tech results in focus

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Futures fall as risk of wider Middle East conflict lingers; Big Tech results in focus
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Cooking Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingshorts - U.S. stock index futures started the week on a sour note as investors worried that the war between Israel and Hamas could turn into a bigger Middle Eastern conflict, while awaiting quarterly results from the world's largest technology companies and some key economic data.

The benchmark stock index is down 8% from late July, when it hit its high for the year, though still up 10% year-to-date. Chipmaker Intel, oil major Exxon Mobil Corp, General Motors are some of the other companies reporting quarterly results this week. Money markets still see a 98% and 75% chance the Fed will keep rates unchanged in November and December, respectively, according to the CME's FedWatch Tool.

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