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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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Israeli Troops Recover Slain Gaza Hostage; Egypt to Host New Truce Talks

 

On Saturday, Israeli special forces successfully recovered the body of a hostage who had been held captive in Gaza. Elad Katzir, a 47-year-old farmer from Kibbutz Nir Oz, was among the 253 people abducted during an October 7 cross-border rampage by Hamas-led Palestinian gunmen. His tragic fate unfolded three months after he pleaded for his release in a video issued by his Palestinian Islamic Jihad captors.

Katzir’s father, Avraham, was also among the victims killed during the same incident, according to official tallies. His mother, Hanna, was initially taken hostage but was later freed in November under a ceasefire agreement with Hamas, Gaza’s dominant Islamist movement.

The recovery of Katzir’s body comes amidst ongoing efforts by Qatari and Egyptian mediators to secure a truce that might lead to the release of the remaining 129 hostages. Hamas, keen on ending the war, has engaged in negotiations, while Israel remains resolute in its determination to continue fighting until Hamas falls.

In a poignant video posted by Islamic Jihad on January 8, Katzir expressed his gratitude for still being alive despite the harrowing circumstances: “I was close to dying more than once. It’s a miracle I’m still alive … I want to tell my family that I love them very much and I miss them very much.”

Israel has declared at least 35 hostages as deceased in Gaza captivity, with some having been killed in Israeli strikes. In several cases, hostages whose bodies were recovered bore signs of execution.

As the delicate negotiations continue, the world watches closely, hoping for a resolution that will bring an end to the suffering and uncertainty faced by those still held captive in the conflict-ridden region.


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