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Israeli Strikes Level Gaza City Towers Amid Mass Evacuations

  Smoke and flames rise after an Israeli military strike on a building in Gaza City, Friday, Sept. 12, 2025. Israeli forces have destroyed multiple high-rise buildings in Gaza City following evacuation warnings to residents, as the military intensifies its campaign to seize control of the area. The Israel Defense Forces (IDF) confirmed striking three towers on Sunday — including the Kawthar Tower, Mahna Tower, and a building on the Islamic University campus — which it said were being used by Hamas for surveillance and operational planning. The demolitions come days after the IDF ordered the entire population of Gaza City to evacuate ahead of a planned ground offensive. Israeli officials estimate that more than 300,000 Palestinians have fled so far, though hundreds of thousands remain. The United Nations and aid agencies warn that the displacement of such large numbers will worsen an already dire humanitarian crisis, with overcrowding and shortages reported in southern Gaza. Loca...
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Stock Market Today: S&P 500 and Nasdaq Surge as Tesla Leads Earnings Rally

 

In today’s stock market, the S&P 500 and Nasdaq Composite made significant gains, fueled by a fresh wave of earnings reports. Here are the highlights:

  1. S&P 500 Rebounds: The benchmark S&P 500 (^GSPC) rose more than 1% after staging a comeback from a six-day run of losses in the previous session. Investors are optimistic about tech-focused companies’ earnings, which could help pull stocks out of the slump they’ve faced since the start of the year.

  2. Tesla’s Impact: Tesla (TSLA), often referred to as one of the “Magnificent Seven,” is in the spotlight. The electric vehicle (EV) maker’s earnings report is highly anticipated, given its weight in the S&P 500 index. Tesla’s shares have faced headwinds due to a disappointing delivery outlook, the cancellation of plans for a sub-$30,000 model, and a shift in strategy toward robotaxis. As the first major tech company to report this week, Tesla’s results set the stage for other giants like Meta (formerly Facebook), Microsoft, and Alphabet.

  3. Other Earnings: Legacy automaker General Motors (GM) kicked off earnings season with strong first-quarter results and an upward revision to its full-year guidance. GM’s shares rose around 5%. Meanwhile, Spotify (SPOT) stock jumped after the audio streaming company swung to a profit, beating expectations.

  4. Market Bottom? Fundstrat’s head of research, Tom Lee, suggests that US stocks may be near a market bottom. Elevated inflation expectations and hedge fund short interest surging to 2022 levels are among the signs. Lee points to technical levels for the S&P 500 to watch: 5019.02 (a positive sign if surpassed) and 4953.56 (a potential setup for a buy signal).

Overall, today’s market performance reflects optimism driven by earnings reports and the anticipation of tech giants’ results. Keep an eye on Tesla and other major players as they continue to shape market sentiment.


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