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U.S. Officials Say Iran’s New Supreme Leader Gravely Wounded Amid Escalating Conflict

Protesters hold posters of Iran's late Supreme Leader Ayatollah Ali Khamenei and his son, Iran's new Supreme Leader Mojtaba Khamenei, during a protest marking al-Quds Day (Jerusalem Day), after Friday prayers at Fatih Mosque in Istanbul. U.S. Defense Secretary Pete Hegseth has confirmed that Iran’s newly appointed Supreme Leader, Mojtaba Khamenei , was seriously wounded and likely disfigured during the opening phase of U.S. and Israeli military strikes. Speaking at a Pentagon briefing, Hegseth described Iran’s leadership as “desperate and hiding,” asserting that Khamenei has gone underground following injuries sustained in the attacks.  Reports from multiple outlets indicate that Khamenei has not appeared publicly since the conflict began, fueling speculation about the severity of his condition. Some accounts suggest he may have suffered catastrophic injuries, including the loss of a limb and a possible coma, after an airstrike that also killed members of his family.  U.S....
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Nasdaq Lags as Markets Take a Breather


In today’s trading session, US stocks reversed gains late in the day, signaling a pause in the record-setting run that has characterized Wall Street during the first quarter of 2024. Here are the key highlights:

  1. Nasdaq Composite: The tech-heavy Nasdaq Composite, which had been on track for a record close, dipped approximately 0.4% as the session concluded. Tech stocks faced headwinds, contributing to the overall decline.

  2. S&P 500: The broader S&P 500 index also retreated, falling nearly 0.3%. Investors closely monitored economic data releases, including durable goods orders and the S&P CoreLogic Case-Shiller National Home Price Index.

  3. Durable Goods Orders: In February, durable goods orders rebounded by 1.4%, driven by increases in transportation equipment and machinery orders. This positive data reflects economic resilience.

  4. Home Price Index: The S&P CoreLogic Case-Shiller National Home Price Index rose 6% in January compared to the previous year, marking the highest annual increase since 2022.

  5. Consumer Confidence: The Conference Board’s Consumer Confidence Index remained relatively stable at 104.7 for March. However, the “Expectations Index,” which gauges consumers’ short-term outlook, dipped to 73.8, potentially signaling a future economic downturn.

  6. Upcoming Event: All eyes are on Friday’s release of the Personal Consumption Expenditures Price Index (PCE), a crucial indicator of inflation. Investors eagerly await insights into “core” PCE growth, which the Federal Reserve closely monitors.

  7. Trump Media & Technology Group Corp.: Former President Donald Trump’s social media company made its Wall Street debut after merging with Digital World Acquisition Corp. Shares of Trump Media & Technology Group Corp. (DJT) surged, finishing the day up 16%.

As the week progresses, keep an eye on economic indicators and corporate developments. The stock market remains dynamic, and investors should stay informed to navigate these fluctuations effectively. 

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