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Both the S&P 500 and the Nasdaq hit their highest levels in more than a week on Monday. Wall Street finished the day on a strong note, with major U.S. indexes advancing as investors positioned themselves for a pivotal week of corporate earnings and a closely watched Federal Reserve meeting. Market Momentum The S&P 500 and Nasdaq extended their recent winning streak, marking their longest run of gains in weeks. Confidence was fueled largely by heavyweight technology stocks, which continued to attract buyers ahead of their upcoming earnings reports. What’s Driving the Optimism Companies such as Apple, Microsoft, Alphabet, Broadcom, and Meta helped propel the market higher. Their performance has been central to the broader rally, especially as enthusiasm around artificial intelligence remains a dominant theme in tech valuations. Eyes on Earnings and the Fed Investors are now turning their attention to earnings guidance from these major firms, which could determine whether t...
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Tragedy Strikes During Hajj Pilgrimage: Over 300 Egyptians Succumb to Heat

 

At least 323 Egyptian pilgrims tragically lost their lives during the annual Hajj pilgrimage in western Saudi Arabia. The majority of these deaths were attributed to heat-related illnesses, according to two Arab diplomats coordinating their countries’ responses.

The Hajj, one of the five pillars of Islam, draws millions of pilgrims from around the world to Mecca. However, this year’s pilgrimage faced extreme temperatures, with the area where rituals are performed experiencing a rise of 0.4 degrees Celsius (0.72 degrees Fahrenheit) per decade due to climate change.

Among the deceased, 60 Jordanian pilgrims also succumbed to the heat. Tragically, many of the Egyptian casualties were unregistered pilgrims attempting to save money by avoiding official visas. These off-the-books pilgrims lacked access to air-conditioned facilities provided by Saudi authorities along the Hajj route.

The total death toll reported by various countries has reached 577, highlighting the severity of this heartbreaking event. Other nations, including Indonesia, Iran, and Senegal, have also reported fatalities during this year’s Hajj pilgrimage.

As we mourn the loss of these lives, it serves as a stark reminder of the challenges posed by climate change and the need for better safety measures during religious pilgrimages.


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