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Wall Street Pauses as Tech Weakness Weighs on Futures

  U.S. stock futures were mixed as investors navigated lingering volatility following a sharp pullback in major technology names. Dow Jones futures showed a slight uptick, while S&P 500 futures hovered near flat. Nasdaq futures, however, continued to drift lower, reflecting ongoing pressure in the tech sector. The recent downturn in high‑growth technology stocks has prompted a broader shift in market sentiment, with traders rotating toward more defensive positions. Concerns about the sustainability of tech valuations and the impact of AI‑driven competition have added to the cautious mood. Attention now turns to Alphabet’s upcoming earnings report, which is expected to play a pivotal role in shaping the market’s next move. With investors eager for clarity on the company’s AI strategy and advertising performance, the results could either steady the tech landscape or deepen the current uncertainty.
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Israel Approves New Parcel of West Bank Land for Settlement

 

Israeli Finance Minister Bezalel Smotrich has declared 800 hectares in the occupied West Bank as state land. This move aims to facilitate the use of the ground for settlement building. The announcement comes on the same day that U.S. Secretary of State Antony Blinken visited Israel for talks with Prime Minister Benjamin Netanyahu. Despite growing international opposition, the Israeli government remains determined to press ahead with settlement construction in the West Bank.

The designation of 1,976 acres of land in the Jordan Valley as state land follows a similar decision regarding 300 hectares (740 acres) in the Maale Adumim area of the West Bank. The latter area is crucial to the Palestinians’ vision of a future independent state.

Last month, the United States stated that Israel’s expansion of settlements in the West Bank was inconsistent with international law, aligning with the global consensus that considers these settlements illegal. Israel, however, disputes this view, citing historical and Biblical ties to the land. Meanwhile, the Palestinians view the expansion of settlements as a deliberate Israeli policy aimed at undermining their aspiration for an independent state with East Jerusalem as its capital.

The Palestinian Ministry of Foreign Affairs condemned this latest move, describing it as “a continuation of the extermination and displacement of our people from their homeland.”

Despite the controversy, Israeli Finance Minister Bezalel Smotrich’s declaration underscores the government’s commitment to settlement building in the West Bank. The situation remains highly contentious, with implications for regional stability and peace efforts.

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