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Jordan Joins U.S.-Led Airstrikes Against ISIS in Syria

This photo provided by the U.S. Air Force shows a U.S. Airman preparing an A-10 Thunderbolt II for flight from a base in the U.S. Central Command area of responsibility, Friday, Dec. 19, 2025, in support of Operation Hawkeye Strike. Jordan announced that its air force has taken part in U.S.-led strikes targeting Islamic State positions in Syria, signaling a renewed show of regional cooperation against the extremist group. The operation comes as the United States carries out a series of retaliatory strikes following the recent killing of three American service members. In a statement, the Jordanian military said its aircraft conducted “precise airstrikes” on ISIS sites in southern Syria alongside U.S. forces. Officials emphasized that the mission aimed to prevent militant groups from using Syrian territory as a base to threaten neighboring countries. The U.S. strikes reportedly hit multiple ISIS-linked facilities, including infrastructure and weapons storage locations, as part of a b...
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Stock Market Today: S&P 500 Breaches 5,300 as Stocks Rally to Records After CPI

 


U.S. stocks rallied on Wednesday, with all three major indexes closing at record highs. A soft reading on consumer prices fueled hopes that the Federal Reserve could cut interest rates sooner than expected.
  • The S&P 500 rose nearly 1.2%, closing at 5,308.18, above 5,300 for the first time ever.
  • The Dow Jones Industrial Average jumped about 0.9%, creeping closer toward the 40,000 level.
  • The tech-heavy Nasdaq Composite climbed about 1.4%, notching its second record close in as many days.

The Consumer Price Index rose 0.3% over the previous month and 3.4% over the prior year in April, a deceleration from March. “Core” inflation, which strips out the cost of food and gas, also cooled. This relatively cool inflation reading led the 10-year Treasury yield to fall 4.35%, its lowest level in a month, and sparked new bets on Fed rate cuts as soon as September. Around 70% of traders now expect at least one cut by the September meeting, a notable increase from a week ago.

Stocks have ground higher amid rekindled confidence that the U.S. economy is in good enough shape for the Federal Reserve to start bringing down rates from their current historic highs. That optimism has fueled a resurgence in bullishness in the market.

Elsewhere on the macroeconomic front, retail sales fell flat last month, coming in well short of Wall Street’s expectations.

In summary, the stock market continues to surge, and investors are closely watching inflation data and Fed policy decisions.


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