Asian stocks mixed as Israel pushes ahead with Gaza operation, raising concerns

Asian stocks were mixed on Monday as Israel's push into Gaza sparked fears of a larger conflict.

Earnings season continues with Apple, others to report earnings

Earnings season continues as well, with Apple, Airbnb, McDonald's, Moderna and Eli Lilly and Co. set to report a slew of earnings this week. So far, the results have been disappointing, causing the S&P 500 to fall back into correction territory at 4,117.

Asian stocks mixed as Israel pushes ahead with Gaza operation, raising concerns

Markets Worry About Fed Rate Hikes

On Monday, the 10-year Treasury yield stood at 4.87%, having climbed 30 basis points so far this month to a new 16-year high of 5.021%. The sharp rise in market borrowing costs has led analysts to believe that the Federal Reserve will stay put at this week's policy meeting, with futures implying as much as a 97% chance that rates will remain at 5.25-5.5%.

U.S. Dollar Unsteady

The dollar was steady against a basket of currencies at 106.580, after hovering between 105.350 and 106.890 last week. The dollar was slightly higher against the yen at 149.74, but still below last week's high of 150.78.

Oil prices retreat

Oil prices have retreated, at least for now, as concerns about demand outweigh concerns about Middle East supply. Brent crude fell 65 cents to $89.83 a barrel, while U.S. crude fell 77 cents to $84.77 a barrel.

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