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U.S. Stock Market Rallies as Dow Streaks and S&P 500 Surges

The U.S. stock market experienced a significant upswing today, with the Dow Jones Industrial Average extending its winning streak to seven consecutive trading sessions. The S&P 500 also made a notable climb, moving back above the 5,200 mark for the first time since early April. This positive momentum is largely attributed to signs of a cooling labor market, which has fueled investor optimism for a potential rate cut by the Federal Reserve in the coming months. Dow’s Winning Streak : The Dow rose by approximately 0.9%, marking its seventh day of gains. S&P 500’s Climb : The S&P 500 gained 0.5%, breaching the 5,200 level once again. Labor Market’s Influence : Initial weekly jobless claims increased, suggesting a slowing job market and raising hopes for a Fed rate cut. Sector Performance : Real Estate and Utilities led the sectors, while Technology and Communications Services lagged behind. Investors are closely monitoring the labor market and other economic indicators to gaug
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Gaza Aid Resumes After Pause: Cypriot Ship Carries Food to Besieged Palestinian Enclave

 

Aid shipments to Gaza from Cyprus have resumed after a temporary pause. According to a Cypriot source, a ship carrying food departed from the port of Larnaca late on Friday. This resumption comes after Israel’s killing of seven aid workers, which had prompted a review of aid activity in the territory by the World Central Kitchen NGO. The United Arab Emirates donated the aid, and it will be delivered to the besieged Palestinian enclave.

The ongoing conflict between Israel and Hamas in Gaza has resulted in a dire humanitarian situation for the enclave’s more than 2 million inhabitants. The U.S. has also initiated the construction of a floating jetty on Gaza’s Mediterranean coast, which will facilitate aid deliveries pre-screened in Cyprus with Israeli oversight. However, even after reaching Gaza, the aid will still need to pass through Israeli checkpoints on land.


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