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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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Democratic Dynamics: Harris Gains Momentum as Key Figures Hold Back

 

As the 2024 presidential race unfolds, Vice President Kamala Harris appears to be consolidating support within the Democratic Party, following President Joe Biden's decision not to seek re-election. A surge of endorsements has come from various Democratic figures and groups, signaling a strong backing for Harris's candidacy. However, notable absences in this wave of support are former President Barack Obama and Speaker Emerita Nancy Pelosi, whose silence has become a focal point of discussion among political analysts.

While the reasons behind their reticence remain a matter of speculation, it is clear that Harris's campaign is gaining traction, with significant endorsements and a robust fundraising effort that has energized the Democratic base. The coming weeks are crucial for Harris to unify the party and present a formidable challenge to the Republican nominee. As the political landscape continues to evolve, all eyes will be on whether other key Democratic figures will voice their support or maintain their silence. The outcome of these developments could have a profound impact on the party's strategy and the general election's dynamics. Despite the uncertainty, one thing is certain: the race for the White House in 2024 is heating up, and Kamala Harris is at the forefront of the Democratic field.





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