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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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US Military Strikes Another Houthi-Controlled Site After Warning Ships to Avoid Parts of Red Sea


The U.S. military early Saturday struck another Houthi-controlled site in Yemen that it had determined was putting commercial vessels in the Red Sea at risk, a day after the U.S. and Britain launched multiple airstrikes targeting Houthi rebels. 

The latest strike came after the U.S. Navy on Friday warned American-flagged vessels to steer clear of areas around Yemen in the Red Sea and the Gulf of Aden for the next 72 hours after the initial airstrikes. The warning came as Yemen’s Houthis vowed retaliation, further raising the prospect of a wider conflict in a region already beset by Israel’s war in Gaza.

The U.S.-led bombardment came in response to a recent campaign of drone and missile attacks on commercial ships in the vital Red Sea. It killed at least five people and wounded six, the Houthis said. The U.S. said the strikes, in two waves, took aim at targets in 28 different locations across Houthi-controlled areas of Yemen.

President Joe Biden had warned Friday that the Iranian-backed Houthis could face further strikes. U.S. military and White House officials said they expected the Houthis to try to strike back.


 

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