Israel-Hamas War, Day 38: Major Gaza Hospital Faces 'Catastrophic' Fuel Shortage; IDF Strikes Hezbollah In Lebanon After Rocket Attacks
Portfolio Pulse from Piero Cingari
The conflict between Israel and Hamas continues to escalate, with Gaza's main hospital facing a severe fuel shortage and increasing casualties. The IDF has struck Hezbollah targets in Lebanon in response to attacks. Israeli Prime Minister Netanyahu is working to release hostages held by Hamas. The U.S. has expressed concerns over civilian casualties and is working with Qatar to provide humanitarian aid to Gaza. Additionally, the U.S. conducted airstrikes in Syria against Iranian targets. The Israeli shekel remained flat, while the Tel Aviv 125 index fell. U.S. ETFs SPY and QQQ saw gains in their last trading sessions.
November 13, 2023 | 2:55 pm
News sentiment analysis
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NEUTRAL IMPACT
The Invesco QQQ Trust rallied 2.3%, likely influenced by market-wide factors rather than the geopolitical tensions between Israel and Hamas.
QQQ's performance is typically linked to the tech sector and broader market trends. The gains observed may not be directly related to the Middle East tensions but rather to other market dynamics.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 10
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust closed 1.6% higher on Friday, potentially reflecting broader market sentiment rather than direct impact from the Israel-Hamas conflict.
While SPY's performance is generally reflective of the broader U.S. market, the conflict could introduce volatility. However, the ETF's recent gain seems more tied to overall market conditions than the specific events in the Middle East.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 10