The World Bank announced $20 million in new financing to provide emergency relief to the affected people in Gaza.

Ethereum hit $2,200 per coin, down 0.77% on the day.

U.S. Treasury Secretary Yellen: The Biden administration is making every effort to lower consumer prices.

U.S. Treasury Secretary Yellen: Housing costs continue to rise but are expected to fall over time.

U.S. Treasury Secretary Yellen: Prices are rising much slower than before, but price levels, including rent, are still high.

U.S. Treasury Secretary Yellen: There is no need to use high unemployment to reduce inflation.

U.S. Treasury Secretary Yellen: The U.S. economy is heading for a soft landing.

Israeli Prime Minister Benjamin Netanyahu: Israel will not allow Gaza to be run after the war by those who "teach, support or finance terrorism."

Israeli Prime Minister Benjamin Netanyahu: Israel and the United States are divided over the situation in Gaza after the end of Hamas control, but hope to reach an agreement.

Israeli Prime Minister Netanyahu: believes that the United States fully supports Israel’s ground operations in the Gaza Strip and can resist external pressure to stop the war.

U.S. Treasury Secretary Yellen: There is no evidence that inflation is taking root or that there is a wage-price spiral.

U.S. Treasury Secretary Yellen: Inflation expectations are within control.

Israeli Prime Minister Netanyahu: I am very grateful to the United States for supporting Israel’s goal of destroying Hamas and rescuing hostages.

U.S. Treasury Secretary Yellen: Wages continue to grow at a healthy rate.

U.S. Treasury Secretary Yellen: She sees no reason why inflation should not fall to the Fed’s target level.

U.S. Treasury Secretary Yellen: Inflation is declining significantly.

U.S. Treasuries erased gains, with most Treasury yields rising to session highs.

Seagen (SGEN.O) rose 3.27%. Pfizer (PFE.N) has received the approval required to complete the acquisition of Seagen and is expected to complete the acquisition on December 14.