Skip to main content

Featured

Lebanese PM Urges Caution Amid Rising Regional Tensions

                                                       Lebanese Prime Minister Nawaf Salam Lebanese Prime Minister Nawaf Salam has issued a firm warning against pulling the country into what he described as “adventures” that could endanger national security and unity. His remarks come at a moment of heightened regional volatility following coordinated strikes by Israel and the United States on Iran.  Salam emphasized the gravity of the situation, urging all Lebanese factions to act with “wisdom and patriotism” and to prioritize the interests of the nation above external pressures or political agendas. Though he did not name Hezbollah directly, his message was widely interpreted as a caution to the Iran‑backed group, which has historically been involved in conflicts with Israel and has signaled it may not remain neutra...
Post a Comment
Read more

article

Labels

Wall Street Celebrates Record Highs for Stocks as Two of the Three Major Indexes Hit New Peaks


Wall Street Celebrates Record Highs for Stocks as Two of the Three Major Indexes Hit New Peaks

Wall Street is celebrating as two of the three major indexes hit new peaks. The S&P 500 climbed 1.2% to a record high of 4,839, eclipsing its previous peak of 4,796, set more than two years ago on January 3, 2022. Meanwhile, the Dow Jones Industrial Average rose 1.1% to end the week at 37,863. The tech-heavy Nasdaq Composite had to settle for a 1.9% jump to a two-year high of 15,310.

The stock market has returned to form in recent weeks, capping multiple record highs. With inflation cooling, investors are anticipating the Federal Reserve will be able to end its interest rate hiking campaign sooner rather than later, creating a more friendly environment for corporations. Rob Swanke, senior equity strategist for Commonwealth Financial Network, explained that stock market valuations have been rising in recent months as investors factor in the prospect of lower borrowing costs and improved earnings expectations. He also argued that “there’s still room to move higher,” given that valuations are below their 2022 levels.


Labels:

Comments

Post a Comment