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Notre-Dame Cathedral Reborn: A Testament to Resilience and Restoration

  After five years of meticulous reconstruction, the iconic Notre-Dame Cathedral is set to reopen its doors to the public on December 8, 2024. The reopening ceremony will take place on December 7, marking a significant milestone in the cathedral's history. The fire on April 15, 2019, caused extensive damage to the historic cathedral, collapsing its iconic spire and causing significant harm to its roof, stained-glass windows, and interior artworks. Despite initial doubts and estimates that the restoration could take up to 40 years, French President Emmanuel Macron's ambitious goal to complete the reconstruction within five years has been achieved. The restoration project, costing around $737 million, was funded by donations from 340,000 individuals across 150 countries. The project involved the efforts of 2,000 artisans and 250 companies, who worked tirelessly to restore the cathedral to its former glory. The new roof and spire have been built using 1,500 trees, including the ta...
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Premarket: Nasdaq and S&P 500 Poised for a Dip After Record Highs



The S&P 500 and the Nasdaq are expected to open lower today, following robust gains in the previous session. Investors celebrated the Federal Reserve’s commitment to its rate-easing stance, eagerly awaiting commentary from Chair Jerome Powell later in the day.

Market Highlights:

  • Record Highs: All three major U.S. indexes achieved fresh record closing highs on Thursday. Chip stocks rallied after Micron Technology’s optimistic forecast, and the Fed signaled its intention to proceed with three interest-rate cuts this year.
  • Rate Cut Expectations: Traders now anticipate a 70% chance of the first rate cut occurring in June, up from 56% earlier this week, according to the CME’s FedWatch Tool.
  • Bull Market Momentum: Policymakers’ commitment to summer rate cuts and limited bond yield recovery has injected fresh impetus into the bull market, according to Raffi Boyadjian, lead investment analyst at XM.
  • Dow’s Milestone: The blue-chip Dow index ended Thursday less than 1% away from the historic 40,000-mark for the first time.
  • Weekly Performance: Both the S&P 500 and the Dow are on track for their best weekly performance so far this year. Meanwhile, the tech-heavy Nasdaq is set to notch its best week since mid-January.

Pre-Market Numbers:

  • At 08:21 a.m. ET:
    • Dow e-minis were up 4 points (0.01%).
    • S&P 500 e-minis were down 5.25 points (0.1%).
    • Nasdaq 100 e-minis were down 48.25 points (0.26%).
  • Most rate-sensitive megacap growth and technology stocks eased in premarket trading.
    • Tesla led losses, down 4.0%, following a report of reduced car production at its China plant.
    • Nike fell after a disappointing revenue forecast.
    • Lululemon Athletica also forecasted lower revenue and profit.
    • Reddit (RDDT.N) lost 2.3% a day after its strong market debut.
    • FedEx jumped 11.5% after beating Wall Street expectations for quarterly profit.

As we await further cues from central bankers, the market remains dynamic and full of surprises. Keep an eye on earnings reports and policy updates as we navigate this exciting landscape.


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