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Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged , giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint. Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing.  Following Powell’s speech, U.S. Treasury yields reversed their earlier declines , influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%) , while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%).  Investors also kept a close eye on geopolitical developments, particularly tensions in the Midd...
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Russia accuses Ukraine of shooting down a military transport plane, killing 65 Ukrainian POWs aboard

Russia’s Defense Ministry has accused Ukrainian forces of shooting down a military transport plane, killing all 74 people aboard, including 65 Ukrainian prisoners of war being swapped. The crash occurred in Russia’s Belgorod border region. Ukrainian officials have not yet confirmed or denied Russia’s claims about the crash. 

The Russian military has stated that the plane was carrying 65 Ukrainian prisoners of war2. The Ukrainian military intelligence spokesman, Andrii Yusov, confirmed that a prisoner swap was to happen on the day of the crash but was not going ahead.

The incident has escalated tensions between Russia and Ukraine, which have been at odds since the annexation of Crimea by Russia in 2014. The situation is still developing, and more information is expected to emerge in the coming days.


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