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Wall Street Ends October on a High as Amazon, Tech Giants Drive Market Rally

US stocks closed October with strong gains, capping off a winning month fueled by robust corporate earnings and optimism over easing interest rates. The Dow Jones Industrial Average rose 0.1% , the S&P 500 gained 0.3% , and the Nasdaq Composite advanced 0.6% , marking another month of steady growth across Wall Street’s major indexes. The standout performer was Amazon , whose shares surged nearly 10% to an all-time high after reporting third-quarter results that exceeded expectations. The company’s cloud division, Amazon Web Services, showed renewed momentum, easing investor concerns about slowing growth in the tech sector. This rally helped lift the broader technology space, with the Nasdaq notching its seventh consecutive monthly gain. Other members of the so-called “Magnificent Seven” also contributed to the upbeat sentiment, as investors embraced signs that Big Tech’s heavy investments in artificial intelligence and infrastructure are beginning to pay off. The S&P 500 an...
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Israel Intensifies Strikes across Gaza, Orders New Evacuations in North

 


Israeli strikes have intensified across Gaza on Tuesday, with some of the heaviest shelling in weeks, according to residents. The army has ordered fresh evacuations in the north of the strip, warning civilians that they are in a “dangerous combat zone” . The situation remains tense as air strikes and shelling continue in central and southern areas. Here are the key points:

  1. Intensified Attacks: Israeli forces have escalated their attacks, using both air strikes and tank shelling. Residents report almost non-stop bombardments in various areas of Gaza.

  2. Evacuation Orders: The Israeli army has urged residents in four zones near Beit Lahiya (on Gaza’s northern edge) to move to designated shelter areas. The military emphasizes its intention to act with “extreme force against terrorist infrastructure and subversive elements” in the region.

  3. Failed Ceasefire Efforts: Despite previous announcements of troop withdrawal from certain areas, efforts to reach a ceasefire have failed. Displaced Gazans find it challenging to return to their abandoned homes due to ongoing Israeli bombardments.

  4. Hamas’s Response: The armed wing of Islamic Jihad, allied with Hamas, claims responsibility for rocket attacks on two southern Israeli border towns. The conflict has displaced nearly all of Gaza’s 2.3 million people, and Hamas remains steadfast in its demands for a permanent end to the war and the return of displaced individuals to the north.

  5. Ongoing Conflict: The situation remains volatile, with thick black smoke rising in northern Gaza. Shelling continues in various areas, affecting schools and causing panic among displaced residents.

As the conflict persists, the region faces immense challenges in achieving peace and stability.

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