Market Snapshot: Israel-Gaza conflict threatens to reawaken U.S. inflation, investors worry

MarketWatch photo illustration/iStockphotoIntensifying conflict in the Middle East, stemming from Israel’s war on Hamas, is giving rise to concerns by traders and investors about the possibility of a second wave in U.S. inflation that hasn’t been fully factored into the financial market.Oil prices settled almost 6% higher on Friday, or by more than the moves seen on Monday, amid fears of a ground assault on Gaza by Israel. Investors flocked to safety of long-dated U.S. government debt for...