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• Israeli Soldiers Start Invasion of Gaza’s South, Satellite Images Show
  The Israeli military has begun an invasion of...

  The Israeli military has begun an invasion of southern Gaza, according to a New York Times analysis of satellite imagery, evidence of a long-awaited operation that could decide the fate of its war with Hamas and create more peril for Palestinian civilians.

  
  

  After capturing large parts of northern Gaza since late October, Israeli troops have now advanced into the last section of the territory that had been under full Hamas control. Their move sets the stage for what is likely to be the decisive battle of the war: a showdown in Khan Younis, the largest city in the south, where Israeli officials believe Hamas’s military and political leadership has sought shelter since fleeing from the north.

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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for January delivery...
  Benchmark U.S. crude oil for January delivery fell $1.03 to $73.04 per barrel Monday. Brent crude for February delivery fell 85 cents to $78.03 per barrel.
  
  Wholesale gasoline for January delivery rose 1 cent to $2.13 a gallon. January heating oil was unchanged at $2.66 a gallon. January natural gas fell 12 cents to $2.69 per 1,000 cubic feet.
  
  
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• Dow pulls back from 2023 highs as small caps outperform
  U.S. stocks finished lower on Monday with the Dow pulling back from its 2023 highs, while a catch-up...
  U.S. stocks finished lower on Monday with the Dow pulling back from its 2023 highs, while a catch-up rally in small caps stretched to a fourth day. The S&P 500 SPX fell by 24.85 points, or 0.5%, to 4,569.78. The Nasdaq Composite COMP declined by 119.54 points, or 0.8%, to 14,185.49. The Dow Jones Industrial Average DJIA shed 41.06 points, or 0.1%, to 36,204.44. Market watchers blamed rising Treasury yields for the pullback in stocks, with the 10-year yield up more than 4 basis points at 4.266%. But while other indexes fell, the small-cap Russell 2000 RUT gained 16.76 points, or 0.8%, to 1,879.53. The small-cap index has outperformed the Nasdaq by more than 5.5 percentage points over the past four sessions, the best such stretch since June, according to Dow Jones Market Data.
  
  
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• Energy Sector Commentary
  The energy sector is off to a lower start, pressured by weakness in the underlying commodities and the...
  The energy sector is off to a lower start, pressured by weakness in the underlying commodities and the major equity futures which are lower after the Dow and S&P 500 closed at a new 2023 high last Friday.
  
  WTI and Brent crude oil futures are adding to last week’s losses on a stronger dollar, uncertainty over fuel demand, and concerns over whether OPEC+’s decision to reduce output will support oil prices. Since the announced cuts by OPEC+ are voluntary, investors are having doubts about whether or not producers would fully implement production cuts and how the cuts would be measured. The 10YR yield is higher this morning which is lending support to the U.S. dollar index. Geopolitical tensions in the Middle East are limiting losses within oil contracts as fighting resumes between Israel and Hamas. Last night, three commercial vessels came under attack by Yemen’s Houthi movement in the southern Red Sea.
  
  Natural gas futures are down, and on track to extend four weeks of consecutive losses on above-normal temperatures.
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• Market Outlook
  🔔 Before the opening bell: US stock futures...
  🔔 Before the opening bell: US stock futures fall early Monday after the S&P 500 notched a new yearly high. 
  
  2024 is shaping up to be a great year for the economy — and the stock market. After three years of pain, America is finally seeing the job market holding up and inflation cooling. So, if this year was about the hard work of stabilizing the economy, then next year is about enjoying the fruits of that labor.
  
  Crypto stocks have notched triple-digit rallies this year. AI names may have commanded the market’s attention lately, but another corner of the market is seeing impressive gains: stocks tied to digital assets. Coinbase, MicroStrategy, Riot Platforms, and Marathon Digital shares are up more than 250% in 2023. Meanwhile, bitcoin has climbed about 130% year-to-date.
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