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Tragic Loss: First Openly Gay Muslim Imam Killed in South Africa

In a tragic incident that has sent shockwaves through communities worldwide, Muhsin Hendricks, the first openly gay Muslim imam, was fatally shot in South Africa. The incident occurred on Saturday in the city of Gqeberha, where Hendricks was ambushed by two men in a pick-up truck. The attackers, whose faces were covered, fired multiple shots through the side window of Hendricks' car. Hendricks was renowned for his advocacy for LGBTQ+ inclusion within Islam. He founded a mosque in Cape Town that welcomed gay Muslims and worked tirelessly through his Al-Ghurbaab Foundation to support and mentor individuals struggling to reconcile their faith with their sexual orientation. His efforts made him a prominent figure internationally, and he was a speaker at the International Lesbian, Gay, Bisexual, Trans and Intersex Association’s conference in South Africa last year. The motive for the killing has not been established, but many believe it was an assassination due to Hendricks' progres...

Stock Futures Point to Continued Record-Setting Run on Wall Street

                                        

In a bullish start to the day, US stock futures are indicating a higher open as Wall Street aims to extend its record-setting run. Here are the key points:

  1. Futures on the S&P 500 (symbol: ^GSPC) have risen nearly 0.4%.
  2. Dow Jones Industrial Average futures (symbol: ^DJI) are up by about 0.2%.
  3. Nasdaq Composite futures (symbol: ^IXIC) lead the way, rising approximately 0.5%.

Despite a brief pause in the rally on Monday, where all three major indexes dipped slightly, the overall mood remains bullish. Notably, Oppenheimer Asset Management strategist John Stoltzfus has raised his 2024 S&P 500 price target to a Street-high 5,500.

Economic data is in focus today, with readings on durable goods orders and US consumer confidence due. Additionally, the Case-Shiller home price index will be released. However, the main event awaits us on Friday when the government will publish the Personal Consumption Expenditures Price Index (core PCE growth)—the Federal Reserve’s preferred gauge of inflation pace.

In company news, Trump Media & Technology Group Corp. (symbol: DJT) is making its Wall Street debut after merging with Digital World Acquisition Corp. Shares of Trump Media & Technology Group Corp. have surged as much as 20% in premarket trading.

Stay tuned for more market updates as the week unfolds.

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