Selling on Wall Street intensified after the bond yields stayed at five-week highs in the U.S. and Europe amid a rapidly deteriorating situation in the Middle East. China markets are in focus as investors return after a week of holidays. 

The 10-year yield on the U.S. Treasury notes jumped above 4% for the first time in five weeks following the near 10% rebound in crude oil prices.

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Focus on Wall Street shifted away from the Middle East to the U.S. economy after nonfarm payrolls surged more than expected in September. Dockworkers called off strike after a tentative deal with the U.S. Maritime Alliance. 

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Crude oil soared 5% as Israel prepared to attack Iran that could target its oil infrastructure and escalated its offensive in Lebanon and Gaza. 

Stocks on Wall Street faced selling pressure as investors weighed the strength in the service sector in September with the fast-escalating tensions in the Middle East. 

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Growing risk of a wider war in the Middle East and the uncertainty of dockworker strikes on the East and Gulf coasts weighed on the market sentiment. Shigeru Ishiba, Japan's newly appointed prime minister, called for a general election. Hong Kong indexes extended the stimulus rally with gains of 25% over six consecutive sessions.

The prospect of a wider war in the Middle East and uncertainty related to port workers' strikes dented market sentiment and risk appetite. 

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Stock market indexes across the Atlantic dropped after Iran launched a ballistic missile attack on Israel and the Israeli military launched a ground offensive in Lebanon. Crude oil jumped more than 4%, the yield on U.S. Treasury notes eased, and gold surged 1%. 

U.S. stocks struggled in early trading, and investors looked forward to labor market reports and manufacturing surveys. Union workers at 14 ports on the East and Gulf Coasts decided to strike after wage negotiations broke down. 

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U.S. stock indexes flatlined as investors reviewed two merger deals, and European markets struggled to advance in September. China stimulus rally extended five-day gains to over 20%. Japan's indexes plunged after the yen rallied. 

Benchmark indexes on Wall Street struggled to advance, and investors awaited comments from Fed Chair Powell. AT&T agreed to sell its stake in Direct TV and facilitated its merger with Dish TV. 

The alternative measure of inflation, preferred by the Fed's policymakers, edged lower, but core inflation held steady in August. The S&P 500 and the Nasdaq Composite are set to extend weekly gains to more than 1%. 

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The world market extended September gains after major central banks commenced rate-cutting cycles amid a weakening inflation outlook and elevated costs of living. China's wide-ranging monetary stimulus measures also raised hopes of additional fiscal measures to revive consumer confidence. 

Stock market indexes on Wall Street advanced following better-than-expected updates on weekly jobless claims, durable goods orders, and second quarter GDP growth. 

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World markets hovered near record highs as investors reviewed the economic growth outlook amid rising tensions in the Middle East, an ongoing war in Ukraine, and escalating China's aggressive pasture in the South China Sea.