© Reuters. A building is ablaze following rocket attacks from the Gaza Strip, in Tel Aviv, Israel October 7, 2023. REUTERS/Itai RonJERUSALEM - Israeli stock and bond prices slid and many businesses were closed on Sunday, a day after Hamas gunmen from Gaza killed hundreds of Israelis and abducted an unknown number of others.
"This round of violence is expected to be more prolonged and severe than previous ones, clearly having a more negative impact on the economy and the fiscal budget," said Jonathan Katz, chief economist at Leader Capital Markets. Finance Minister Bezalel Smotrich said he had directed heads of ministry departments to quickly provide the budgets required for the management of the war.) said flights from Israel to New York and Atlanta were cancelled through Monday, while United Airlines said"future operations at TLV will be suspended until conditions allow them to resume." Air India said flights to and from Tel Aviv would be suspended until Oct. 14.
Schools were shut and many companies gave workers the day off, and most stores other than supermarkets and pharmacies were closed.