U.S. stocks edged lower as investors navigated a mix of rising oil prices, corporate earnings signals, and shifting expectations around Federal Reserve policy. The Dow, S&P 500, and Nasdaq all turned down after early gains, reflecting a market grappling with geopolitical tensions and inflation concerns. Indexes Pull Back All three major indexes slipped roughly between 0.3% and 0.6%, giving back some of the previous session’s momentum. The downturn followed renewed volatility in energy markets and cautious sentiment around consumer spending. Oil Prices Add Fresh Pressure Crude prices extended their sharp rally, driven by heightened worries over a potential U.S.–Iran conflict. Brent crude climbed above $71 per barrel, while West Texas Intermediate hovered near $66 — its biggest daily jump since October. Rising energy costs revived inflation concerns and weighed on equities. Walmart Earnings in Focus Walmart posted stronger‑than‑expected results, but its cautious pro...
In a shocking turn of events, the Francis Scott Key Bridge in Baltimore, a critical span for East Coast shipping, collapsed early Tuesday morning. The disaster occurred after a large cargo ship struck the bridge, causing it to crumble into the Patapsco River. The impact sent several vehicles plunging into the water.
Around 1:30 a.m., a vessel departing from the Port of Baltimore collided with the Key Bridge, triggering its collapse. Contractors from the Maryland Transportation Authority were working on the bridge at the time. Two individuals were rescued from the water—one unharmed and the other in “very serious condition.” However, at least seven people are still believed to be in the water, though it remains unclear whether this count includes the two already rescued.
Local, state, and federal agencies are coordinating an extensive search effort. Divers, helicopters, and sonar technology are being deployed to locate submerged vehicles in the 50-foot-deep river. The ship involved in the collision must be assessed for damage before rescuers can board it.
Maryland Transportation Secretary Paul Wiedefeld emphasized that there is no evidence suggesting intentional wrongdoing or terrorism. The investigation remains open, but authorities have not found any indications pointing in that direction.
Maryland Governor Wes Moore declared a state of emergency and is collaborating with federal resources from the Biden Administration to address the crisis swiftly.
As rescue efforts continue, Baltimore grapples with the aftermath of this devastating bridge collapse. Our thoughts are with the affected families and the brave responders working tirelessly to save lives.
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