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Gaza Crisis Deepens as Israeli Strikes Kill 60 Amid Aid Shortages

  Israeli airstrikes have killed at least 60 people across Gaza, intensifying the humanitarian crisis in the region. The strikes targeted residential areas, including a family home and a school-turned-shelter, leading to significant civilian casualties.  Despite mounting international pressure, Israel has allowed only minimal aid into Gaza, far below the necessary levels to address the growing humanitarian needs. UN agencies report that while some trucks carrying food and medical supplies have entered, the amount remains insufficient compared to the 600 trucks per day that were permitted during a previous ceasefire.  The ongoing conflict has displaced nearly 90% of Gaza’s population, with many facing dire shortages of food, medicine, and shelter. International leaders, including those from Canada, France, and the UK, have urged Israel to ease restrictions and allow more humanitarian assistance.  As the situation worsens, calls for a ceasefire and increased aid contin...
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Wall Street Drifts to a Mixed Close, Nasdaq Notches Another Record

U.S. stock indexes experienced a mixed finish today, with the Nasdaq composite reaching another record high. Here are the key highlights:

  1. S&P 500 and Nasdaq Performance:

    • The S&P 500 slipped 0.3%, with approximately 80% of stocks in the benchmark index declining.
    • The Nasdaq remained mostly unchanged, despite the overall market weakness, as of 12:27 p.m. Eastern.
    • Both the S&P 500 and Nasdaq had set record highs in previous sessions.

  2. Corporate News:

    • General Motors (GM) rose 1.1% after announcing a $6 billion stock buyback.
    • Apple (AAPL) gained 5.9%, driven by its focus on artificial intelligence technology.
    • Affirm Holdings (AFRM) rose 4.6% due to integration into Apple Pay.

  3. Interest Rate Decision Ahead:

    • The Federal Reserve’s interest rate policy decision is expected this week.
    • Policymakers will release their latest forecasts on interest rates and the economy.
    • Wall Street anticipates one or two rate cuts this year.

  4. Inflation Reports:

    • On Wednesday, the U.S. will release updates on consumer-level inflation.
    • The government’s consumer price index is expected to remain unchanged at 3.4% in May.
    • The Fed aims to manage inflation back to its target rate of 2%.

  5. Market Outlook:

    • Wall Street remains cautious, balancing economic recovery and inflation concerns.
    • Analysts await the Fed’s guidance on interest rates and economic projections.

In summary, today’s market saw mixed results, but the Nasdaq continued its upward trend. Investors closely watch inflation data and the Fed’s next move.

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