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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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Hamas Rejects Cease-Fire Proposal Amid Escalating Tensions

In a recent development, Hamas has firmly rejected the latest cease-fire proposal, accusing Israel of ignoring its core demands. These demands include an end to the ongoing war and a full withdrawal from Gaza. The statement came shortly after the United Nations Security Council approved a resolution calling for an immediate cease-fire and the release of all hostages held in Gaza.

The vote at the UN provoked a clash between Israel and the United States. Surprisingly, the US decided not to use its veto power, leading to further tensions. In response, Israeli Prime Minister Benjamin Netanyahu canceled a high-level delegation’s planned visit to Washington.

An independent expert working with the U.N.’s top human rights body has also raised concerns. The expert stated that there are “reasonable grounds” to believe that Israel is carrying out genocide in Gaza. Meanwhile, international aid officials report that the entire population of the Gaza Strip—2.3 million people—is suffering from food insecurity, with famine looming in the hard-hit north. The conflict has resulted in over 32,000 deaths and more than 74,000 wounded, with women and children making up two-thirds of the casualties. Additionally, Hamas is still believed to be holding around 100 Israelis hostage, along with the remains of 30 others.

As the situation remains tense, the U.N.'s demand for a cease-fire in Gaza has provoked the strongest clash between the U.S. and Israel since the war began. Israeli and U.S. defense chiefs are set to meet, and global support for Israel’s offensive is waning. All this unfolds against the backdrop of Jerusalem’s festive holiday of Purim, which is now overshadowed by the ongoing conflict.

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