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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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U.S. Pledges Support for Israel Amid Iran Drone Attack



In a significant development, the White House has announced its commitment to providing unspecified support for Israel’s defense against an ongoing airborne attack from Iran. National Security Council spokesperson Adrienne Watson stated, “The United States will stand with the people of Israel and support their defense against these threats from Iran”.

The situation escalated when Iran launched a number of drones toward Israel, with the aircraft expected to arrive in the coming hours. Israel’s military, however, remains prepared to counter this threat .

The vessel targeted in the attack was described as being “seized by regional authorities” in the Gulf of Oman off the Emirati port city of Fujairah. Although Iran has not immediately acknowledged seizing any vessel, it has a history of ship seizures and attacks attributed to it amid ongoing tensions with the West over its rapidly advancing nuclear program .

As the situation unfolds, the world watches closely, and Israel braces for potential further actions. The U.S. commitment to supporting its ally underscores the gravity of the situation and the need for vigilance in the region.

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