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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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Israeli Airstrike Eliminates Senior Hezbollah Commander in Southern Lebanon

 

In a significant escalation of hostilities, an Israeli airstrike has killed a high-ranking commander in Hezbollah’s elite Radwan forces, according to security sources. The commander, identified as Habib Maatouk, was targeted in southern Lebanon on Thursday.

Maatouk had recently assumed his position following the death of his predecessor, Ali Ahmed Hassin, who was also killed in an Israeli strike earlier this year. The latest attack is part of ongoing tit-for-tat violence between Israel and Hezbollah, which has intensified since October 2023 when Hezbollah declared a “support front” with Palestinians following a major Hamas attack on southern Israel.

The airstrike hit the border villages of Safad El Batikh and Jmaijmeh, resulting in multiple casualties. Eighteen wounded individuals were taken to Tebnin government hospital, with two reported in critical condition. The conflict has led to significant destruction in Lebanese border towns, reminiscent of the 2006 Israel-Lebanon war.

This incident underscores the fragile and volatile nature of the region, with both sides continuing to engage in aggressive military actions. The international community remains concerned about the potential for further escalation and the humanitarian impact on civilians caught in the crossfire.


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