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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...

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US and British militaries launch massive retaliatory strike against Iranian-backed Houthis in Yemen

 


The US and British militaries have launched a massive retaliatory strike against the Iranian-backed Houthis in Yemen.

According to the Associated Press, the military targets included logistical hubs, air defense systems, and other military infrastructure. The retaliatory strike was carried out using warship-launched Tomahawk missiles and fighter jets.

The US and British militaries bombed more than a dozen sites used by the Iranian-backed Houthis in Yemen on Thursday, in a massive retaliatory strike using warship- and submarine-launched Tomahawk missiles and fighter jets. The retaliatory strike was in response to the recent attacks on the US and British embassies in Yemen by the Iranian-backed Houthis.

 

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