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Wall Street Ends October on a High as Amazon, Tech Giants Drive Market Rally

US stocks closed October with strong gains, capping off a winning month fueled by robust corporate earnings and optimism over easing interest rates. The Dow Jones Industrial Average rose 0.1% , the S&P 500 gained 0.3% , and the Nasdaq Composite advanced 0.6% , marking another month of steady growth across Wall Street’s major indexes. The standout performer was Amazon , whose shares surged nearly 10% to an all-time high after reporting third-quarter results that exceeded expectations. The company’s cloud division, Amazon Web Services, showed renewed momentum, easing investor concerns about slowing growth in the tech sector. This rally helped lift the broader technology space, with the Nasdaq notching its seventh consecutive monthly gain. Other members of the so-called “Magnificent Seven” also contributed to the upbeat sentiment, as investors embraced signs that Big Tech’s heavy investments in artificial intelligence and infrastructure are beginning to pay off. The S&P 500 an...
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Israeli Forces Advance in Southern Gaza, Tanks Active in Rafah

 

Israeli forces have intensified their presence in southern Gaza, particularly in towns on the eastern side of Khan Younis. This development comes after Israeli Prime Minister Benjamin Netanyahu assured U.S. lawmakers of active efforts to bring hostages home. Here are the key points:

  1. Hostage Situation: The recent fighting has centered around the towns of Bani Suaila, Al-Zanna, and Al-Karara. Israeli forces discovered the bodies of five Israelis who were killed in a Hamas attack on Israel in October 2023 and had been held in Gaza since then.

  2. Casualties and Retaliation: The conflict has taken a toll on both sides. More than 250 hostages were taken during the initial raid into southern Israel, resulting in 1,200 deaths. In response, Israel vowed to eradicate Hamas in Gaza, leading to a nine-month war that has claimed over 39,000 Palestinian lives.

  3. Recent Actions: Israeli forces have dismantled around 50 military infrastructures in Khan Younis and continued operations in Rafah. Tanks have been active in Rafah’s town center, near the border with Egypt, causing injuries to Palestinians.

  4. Netanyahu’s Speech: In a speech to the U.S. Congress, Netanyahu expressed confidence in securing the release of remaining hostages. However, Hamas criticized his remarks as “pure lies” and expressed disappointment at the lack of a clear ceasefire announcement.

  5. Humanitarian Crisis: Displaced Palestinians, hoping for an end to the fighting, were left disappointed by Netanyahu’s speech. The overcrowded enclave faces a severe humanitarian crisis.

As the situation unfolds, tensions remain high, and civilians continue to bear the brunt of the conflict.


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