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US and Ukraine Draft Refined Peace Framework Amid War Tensions

US Secretary of State Marco Rubio talks to reporters after closed-door talks on a US plan to end the war, in Geneva, Switzerland.  The United States and Ukraine have announced progress on a “refined peace plan” aimed at ending Russia’s ongoing war against Ukraine. Following high-stakes talks in Geneva, officials from both nations confirmed that they had updated Washington’s earlier 28-point proposal, which Kyiv and its European allies had criticized as overly favorable to Moscow. Ukrainian President Volodymyr Zelenskyy emphasized that any compromise must “strengthen, not weaken” Ukraine, rejecting concessions that would legitimize Russia’s territorial claims. The refined framework reportedly incorporates Ukraine’s own points, addressing concerns that the original draft resembled a Kremlin wish list. US Secretary of State Marco Rubio described the Geneva meetings as “highly productive” , noting that significant progress had been made, though details remain scarce. Washington ha...
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Dow Leads Gains Amid Earnings Surge

 

In today’s stock market, the Dow Jones Industrial Average (^DJI) took the lead, rising approximately 0.3%. The broader market also saw positive movement, with the S&P 500 (^GSPC) climbing around 0.2%. Even the tech-heavy Nasdaq Composite (^IXIC) managed to erase earlier session losses and finish in the green.

Investors are closely monitoring earnings season, which is now halfway done. The question on everyone’s mind: Can strong earnings results reignite the stock rally?

Here are some notable highlights from today’s market:

  1. Spotify (SPOT): Shares of the music streaming giant surged after the company provided robust guidance.

  2. Eli Lilly (LLY): The pharmaceutical company’s stock popped as its 2024 profit forecast exceeded estimates.

  3. New York Community Bank (NYCB): Unfortunately, investor concerns over the health of this commercial real estate lender caused its shares to plummet by more than 22%.

Additionally, comments from Federal Reserve officials added to the market chatter. Cleveland Fed President Loretta Mester emphasized caution in moving interest rates down too soon, while Minneapolis Fed President Neel Kashkari acknowledged positive inflation data but stressed that the Fed isn’t fully prepared to tackle higher prices yet.

As the market navigates these dynamics, investors remain vigilant about the possibility of interest rate cuts and the impact on their portfolios. 

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