Israel-Hamas war latest: Oct. 7 mastermind thanks Hezbollah leader for his help attacking Israel

Hamas leader Yahya Sinwar thanked Lebanon’s Hezbollah chief Hassan Nasrallah for his support in the ongoing war with Israel in a letter released Friday by Hezbollah’s media office.

In the letter, dated Monday, Sinwar thanks Nasrallah for the “blessed acts” of Iran-backed groups in their support for Hamas since Oct. 7, when Hamas-led militants killed some 1,200 people, mostly civilians, and abducted another 250. Sinwar called the war “one of the most honorable battles for the Palestinian people.”

On Oct. 8, Hezbollah started attacking Israeli military posts along the border, triggering an ongoing exchange of fire that has left hundreds dead.

Gaza's Health Ministry says more than 41,000 Palestinians have been killed in the territory since the Israel-Hamas war began. It does not differentiate between fighters and civilians in its count.

The war has caused vast destruction and displaced about 90% of Gaza’s population of 2.3 million, and the United Nations reported the Palestinian economy is in a free fall. The report from the U.N. Trade and Development also warned of “rapid and alarming economic decline” in the West Bank, citing expanded Israeli settlements, land confiscations, demolition of Palestinian buildings and violence by settlers as dampening economic prospects.

Here's the latest:

JERUSALEM — The U.N. agency helping Palestinian refugees says that one of its staffers was shot and killed during an Israeli military raid in the West Bank, the first such shooting of an agency staffer in the occupied territory in more than a decade.

The United Nations Relief and Works Agency said Friday that a sniper fatally shot one of the agency’s sanitation workers on the roof of his home in the Faraa urban refugee camp in the northern West Bank during an Israeli military operation early Thursday. The UNRWA identified the worker as Sufyan Jawwad.

Israeli military spokesman Lt. Col. Nadav Shoshani confirmed that Israeli forces had killed the UNRWA employee in Faraa, saying that he had been throwing explosive devices at Israeli troops when he was shot. Shoshani also alleged that Jawwad had a past record of militant activity, without providing evidence.

“This is yet another example of an UNRWA employee taking active part in terrorist activities against Israel,” Shoshani said.

UNRWA did not immediately respond to the Israeli army allegations.

UNRWA was thrown into crisis earlier this year when Israel accused a dozen UNRWA employees of participating in Hamas’ devastating Oct. 7 attacks.

The relationship between UNRWA and Israel has long been tense because of the agency’s mission to care for Palestinian refugees and their descendants — now estimated at 6 million spread across the Middle East — who fled or were pushed from their homes during the 1948 war over Israel’s creation.

CAIRO — Israeli airstrikes continued to hit Gaza overnight and early Friday, killing at least 12 people in their homes, the Palestinian territory's Civil Defense said.

The strikes hit homes in Deir al Balah’s Nuseirat Camp as well as in Rafah, it said. In Nuseirat, three people died, including a woman and a child, and eleven others were injured by the strikes. In Rafah, strikes killed five people, including two children, Civil Defense spokesperson Mahmoud Bassal said.

Israeli strikes resumed Friday afternoon, killing another person in Nuseirat and three people in Gaza City.

Bassal said a day earlier that 16 people were killed by airstrikes on Gaza City on Thursday.

The strikes come nearly a day after health workers wrapped up the first round of the polio vaccination campaign during which hundreds of thousands of children were vaccinated. The second dose of the vaccine is expected to be provided in the coming weeks, according to the United Nations Relief and Works Agency for Palestine Refugees (UNRWA).

Gaza’s health ministry said Thursday that 41,119 Palestinians were killed, and 95,125 others were injured since the Israel-Hamas war broke out last October.

BEIRUT — The leader of the Palestinian Hamas group thanked Lebanon’s Hezbollah chief for his support in the ongoing war with Israel in a letter released Friday by Hezbollah’s media office.

Yahya Sinwar’s letter came in response to a message sent earlier by Hezbollah leader Hassan Nasrallah in which he paid his condolence for the July killing of top Hamas official Ismail Haniyeh during a visit to Iran.

In the letter, dated Monday, Sinwar thanks Nasrallah for the “blessed acts” of Iran-backed groups in their support for Hamas since the Israel-Hamas war started Oct. 7, calling the war “one of the most honorable battles for the Palestinian people.”

A day after the militants' bloody incursion into Israel that started the war, Hezbollah started attacking Israeli military posts along the border, triggering an ongoing exchange of fire. More than 500 people have been killed in Lebanon by Israeli strikes since Oct. 8, most of them fighters with Hezbollah and other armed groups, but also more than 100 civilians. In northern Israel, 23 soldiers and 26 civilians have been killed by strikes from Lebanon.

ISTANBUL — Turkish officials held a brief ceremony Friday at Istanbul International Airport where the body of a Turkish American activist killed by Israeli gunfire arrived ahead of her funeral and burial in a town on the Aegean coast.

Istanbul Gov. Davut Gul and other officials held prayers in front of Aysenur Ezgi Eygi’s coffin, which was draped in the Turkish flag, before helping carry it to another plane for the city of Izmir. Her funeral is expected to be held Saturday in the town of Didim, near Izmir.

The 26-year-od activist from Seattle was killed Sept. 6 following a demonstration against Israeli settlements in the occupied West Bank, according to an Israeli protester who witnessed the shooting.

The Israeli military said Tuesday that Eygi was likely shot “indirectly and unintentionally” by Israeli forces. Turkey announced it will conduct its own investigation into her death.

A view of destroyed buildings is shown following Israeli strikes in the southern Gaza Strip on Friday, Sept. 13, 2024. (AP Photo/Leo Correa)

Israeli soldiers take up position next to destroyed buildings following Israeli strikes during a ground operation in the Gaza Strip on Friday, Sept. 13, 2024. (AP Photo/Leo Correa)

Israeli soldiers take up position next to destroyed buildings following Israeli strikes during a ground operation in the Gaza Strip on Friday, Sept. 13, 2024. (AP Photo/Leo Correa)

Israeli soldiers stand at the entrance of a tunnel where the military says six Israeli hostages were recently killed by Hamas militants, in the southern Gaza Strip on Friday, Sept. 13, 2024. (AP Photo/Leo Correa)

An Israeli soldier lights candles at the entrance of a tunnel where the military says six Israeli hostages were recently killed by Hamas militants in the southern Gaza Strip on Friday, Sept. 13, 2024. (AP Photo/Leo Correa)

Israeli soldiers move next to destroyed buildings following Israeli strikes during a ground operation in the Gaza Strip on Friday, Sept. 13, 2024. (AP Photo/Leo Correa)

Palestinian refugees inspect a burnt vehicle in a West Bank refugee camp in Tulkarem, during an Israeli army operation in Tulkarem, Thursday, Sept. 12, 2024. (AP Photo/Nasser Nasser)

Palestinian refugees flee the West Bank refugee camp of Tulkarem, during an Israeli army operation in Tulkarem, Thursday, Sept. 12, 2024. (AP Photo/Nasser Nasser)

Youssef, 3, cries for his uncle Odei, who was killed by Israeli forces in Jenin, West Bank, Thursday, June 6, 2024. (AP Photo/Bram Janssen)

Family follow as Israeli soldiers carry the casket of first sergeant Geri Gideon Hanghal during his funeral at the Mount Herzl military cemetery in Jerusalem, Thursday, Sept. 12, 2024. (AP Photo/Ohad Zwigenberg)

Attendees gather for a vigil on Alki Beach for the death of the 26-year old Aysenur Ezgi Eygi, killed recently in the occupied West Bank, Wednesday, Sept. 11, 2024, in Seattle. Eygi grew up in Seattle, attended Seattle Public Schools and graduated from the University of Washington. (AP Photo/John Froschauer)

Palestinian refugees walk past rubble of partly destroyed houses in the West Bank refugee camp of Tulkarem, during an Israeli army operation in Tulkarem, Thursday, Sept. 12, 2024. (AP Photo/Nasser Nasser)

NEW YORK (AP) — Wall Street is pulling back from its records on Tuesday as the price of crude oil tumbles and technology stocks falter.

The S&P 500 was down 0.9% in afternoon trading, a day after setting an all-time high for the 46th time this year. The Dow Jones Industrial Average was down 317 points, or 0.7%, with less than an hour remaining in trading, and the Nasdaq composite was 1.3% lower.

Exxon Mobil dropped 2.5%, and energy stocks fell to some of Wall Street's sharpest losses after oil prices tumbled roughly 4%. A barrel of Brent crude, the international standard, has fallen back below $75 from more than $80 last week.

Crude prices have been weakening as China’s flagging economic growth raises concerns about demand for oil. At the same time, worries have receded about Israel possibly attacking Iranian oil facilities as part of its retaliation against Iran’s missile attack early this month. Iran is a major producer of crude, and a strike could upend its exports to China and elsewhere.

Nvidia was the heaviest weight on the S&P 500 and fell 5.1%. It's a cooldown for the chip company, whose stock is still up 164.5% for the year so far on euphoria about the profits created by the boom around artificial-intelligence technology.

Stocks for companies across the chip industry fell after Dutch supplier ASML reported its latest quarterly results. CEO Christophe Fouquet said AI continues to offer strong upside potential, but “other market segments are taking longer to recover,” and ASML's stock trading in the United States fell fell 17.7%.

Also dragging on the U.S. stock market was UnitedHealth Group. The insurer fell 7.8% despite reporting better results for the latest quarter than analysts expected. It lowered the top end of its forecasted range for profit over the full year.

Helping to keep the S&P 500 and Dow close to their records set on Monday were gains for several financial companies following better-than-expected profit reports for the summer.

Bank of America rose 1.5%, and CEO Brian Moynihan said his company benefited from higher average loans and fees for investment banking and asset management. Charles Schwab jumped 6.7% after likewise delivering better results than expected. More customers opened brokerage accounts at the company, helping to bring its total client assets to a record $9.92 trillion.

Walgreens Boots Alliance was another winner, up 13.2%, after topping analysts’ forecasts. The drugstore chain also said it will close about 1,200 locations over the next three years as it tries to turn around its struggling U.S. business.

Chipmaker Wolfspeed jumped 19.2% to trim its loss for the year to 68.8% after the Biden-Harris administration announced Tuesday that it plans to provide up to $750 million in direct funding to the company. The money will support its new silicon carbide factory in North Carolina that makes the wafers used in advanced computer chips.

In the bond market, trading of Treasurys resumed after a holiday on Monday, and yields sank following a weaker-than-expected report on manufacturing in New York state.

The yield on the 10-year Treasury fell to 4.03% from 4.10% late Friday. Manufacturing has been one of the areas of the U.S. economy hurt most by high interest rates caused by the Federal Reserve in its efforts to slow the economy enough to stamp out high inflation.

Now, though, the Fed has begun cutting interest rates as it’s widened its focus to include keeping the economy humming instead of just fighting high inflation. And it looks set to continue cutting rates through next year, easing the brakes further off the economy.

Recent reports showing the U.S. economy remains stronger than expected have also raised optimism that the Fed can pull off a perfect landing where it gets inflation down to 2% without causing a recession that many had thought would be necessary.

Because of expectations for continued growth for the U.S. economy, as well as the boost that lower rates can give to corporate profits and to prices for stocks, strategists at UBS raised their forecast for how high the S&P 500 could go this year and next.

Led by Jonathan Golub, they're calling for the S&P 500 to rise to 5,850 by the end of the year, up from their prior forecast of 5,600.

In stock markets abroad, Chinese stocks fell sharply as doubts continue about whether the government will offer enough fiscal stimulus to prop up the world’s second-largest economy.

Stocks in Shanghai fell 2.5%, and Hong Kong’s Hang Seng index dropped 3.7%.

Indexes were mixed elsewhere in Asia and in Europe.

AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

The Charging Bull statue in New York's Financial District is shown on Tuesday, Oct. 15, 2024. (AP Photo/Peter Morgan)

FILE - People pass the entrance for the Wall Street subway station on Sept. 2, 2024, in New York. (AP Photo/Peter Morgan, File)

FILE -A passerby moves past an electronic stock board showing Japan's Nikkei 225 index and stock prices outside a securities building Friday, Oct. 11, 2024 in Tokyo. (AP Photo/Shuji Kajiyama, File)