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Wall Street Futures Struggle Ahead of Key Economic Data

US stock futures showed mixed signals on Tuesday as investors weighed delayed economic reports on retail sales and inflation against hopes for a Federal Reserve rate cut next month. Dow Jones futures edged 0.1% higher, S&P 500 futures slipped 0.1%, and Nasdaq 100 futures fell 0.2% following Monday’s strong rebound in technology stocks. The market’s cautious tone reflects uncertainty over consumer spending and price pressures, with the producer price index (PPI) and retail sales data expected to provide fresh insight into the economy. These reports will be among the last inflation readings before the Fed’s December policy meeting, where traders are still pricing in a high probability of a rate cut. Monday’s rally, led by tech megacaps, gave the Nasdaq Composite its best single-day performance since May. However, major indexes remain on track for monthly losses , as investors reassess lofty valuations in AI and growth stocks. Nvidia shares came under pressure after reports sugges...
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Israel Strikes Hezbollah Targets in Eastern Lebanon After Drone Incident



Israel has escalated its military response in eastern Lebanon following an incident where Hezbollah shot down an Israeli drone. Tensions between the two sides have been mounting, and this recent exchange of fire adds to the regional instability.

On Sunday, April 7, 2024, Hezbollah, an Iran-backed armed group, downed an Israeli unmanned aerial vehicle (UAV) over Lebanese airspace. The drone in question was identified as the Israeli-made Hermes 900. In retaliation, Israel launched air strikes on Hezbollah infrastructure sites in eastern Lebanon.

The Israeli Defense Forces (IDF) reported that fighter jets targeted a military complex and three other infrastructure sites belonging to Hezbollah in the city of Baalbek. These strikes were a direct response to the UAV incident. Fortunately, there were no reported casualties from the attacks.

Hezbollah and Israel have been engaged in cross-border skirmishes since October 8, 2023. The conflict intensified after Hamas, a Palestinian group, launched an attack on Israel, leading to a war in Gaza. As a result, both sides have continued to trade fire, resulting in casualties and displacement of civilians.

While the U.S. and other countries advocate for a diplomatic resolution, the situation remains volatile. Hezbollah has stated that it will not cease fire until a ceasefire is implemented in Gaza. As the conflict persists, the international community closely monitors developments in the region.

In summary, the recent strikes in eastern Lebanon underscore the ongoing tensions between Israel and Hezbollah. As both sides remain entrenched, efforts to find a peaceful resolution continue amidst the backdrop of regional instability.


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