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Tech Giants Lift Markets as Investors Brace for Fed Decision

Both the S&P 500 and the Nasdaq hit their highest levels in more than a week on Monday. Wall Street finished the day on a strong note, with major U.S. indexes advancing as investors positioned themselves for a pivotal week of corporate earnings and a closely watched Federal Reserve meeting. Market Momentum The S&P 500 and Nasdaq extended their recent winning streak, marking their longest run of gains in weeks. Confidence was fueled largely by heavyweight technology stocks, which continued to attract buyers ahead of their upcoming earnings reports. What’s Driving the Optimism Companies such as Apple, Microsoft, Alphabet, Broadcom, and Meta helped propel the market higher. Their performance has been central to the broader rally, especially as enthusiasm around artificial intelligence remains a dominant theme in tech valuations. Eyes on Earnings and the Fed Investors are now turning their attention to earnings guidance from these major firms, which could determine whether t...
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Gaza war casts a dark cloud over Ramadan celebrations

 


As Muslims around the world welcome the holy month of Ramadan, Palestinians are facing a bleak and somber mood amid the ongoing war between Israel and Hamas in Gaza. The war, which has entered its sixth month, has killed more than 31,000 people and left millions facing the threat of famine.

In Jerusalem, where the war began after clashes at the Al Aqsa mosque compound in October, Israeli police have tightened security and deployed thousands of officers around the Old City. The mosque, one of the holiest sites in Islam, is expected to host tens of thousands of worshippers every day during Ramadan. However, many Palestinians fear that Israeli authorities and far-right Israelis could provoke unrest and violence.

In the occupied West Bank, where around 400 Palestinians have been killed by Israeli forces or settlers since the start of the war, the usual festive decorations and celebrations have been canceled or toned down. Many Palestinians say they are mourning the loss of their loved ones and expressing solidarity with their besieged brothers and sisters in Gaza.

In Gaza, where Israel has launched a relentless bombing campaign that has destroyed thousands of homes, schools, hospitals and infrastructure, the situation is even more dire. With the blockade preventing the entry of food, fuel, medicine and other humanitarian aid, many Gazans are struggling to survive and prepare for Ramadan. Some have resorted to living in tents or makeshift shelters, while others have fled to neighboring countries or the sea.

The war has also stalled the efforts to secure a ceasefire, as both sides have rejected several proposals and demands. The international community has expressed growing alarm and urged both parties to end the hostilities and resume negotiations. However, the prospects for peace remain elusive, as the war continues to rage on and inflict more suffering and devastation.


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