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scalating Violence: Israeli Strikes Kill Dozens in Lebanon and Gaza

  Palestinian children amid the rubble of destroyed buildings, during a ceasefire between Israel and Hamas, in Jabalia, northern Gaza Strip. Israeli air strikes have intensified across Lebanon and Gaza, leaving dozens dead and further destabilizing fragile ceasefires in the region. In southern Lebanon , an Israeli drone strike on the Ein el-Hilweh Palestinian refugee camp near Sidon killed at least 13 people and wounded several others. The attack targeted a car parked near a mosque, with Lebanese officials reporting that ambulances rushed victims to nearby hospitals. Hours later, another strike in the village of Tiri killed one person and injured 11, including students aboard a bus. Meanwhile, in Gaza , hospitals reported at least 25 Palestinians killed in multiple strikes across Gaza City, Khan Younis, and Rafah. Medics confirmed that casualties included families caught in residential areas, underscoring the human toll of the renewed bombardments. Israel’s military claimed...
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US Futures Tread Water After S&P 500’s Record Close

                                        

US stock futures held steady on Wednesday following a record close for the S&P 500. Investors are closely watching fresh economic data and Federal Reserve minutes for hints on potential rate cuts in this holiday-shortened session.

  • S&P 500 Futures (ES=F) traded flat after the benchmark index ended Tuesday above 5,500 for the first time.
  • Nasdaq 100 Futures (NQ=F) remained little changed.
  • Dow Jones Industrial Average Futures (YM=F) edged up 0.1%.

The stock market is preparing for an early close (1 p.m. ET) on Wednesday ahead of the Independence Day holiday. Jerome Powell’s remarks on cooling inflation have fueled hopes for an interest-rate cut, even as he signaled no immediate urgency to act. Traders are currently pricing in 65% odds of a rate decrease in September, according to CME’s FedWatch tool.

Eyes are now on updates regarding private payrolls and jobless claims, providing insight into the labor market before the key June jobs report release on Friday. Additionally, data on services activity and factory orders will be closely watched for signs of further economic slowing that could prompt policy adjustments.

In corporate news:

  • Paramount Global (PARA) shares climbed over 12% due to reports that Skydance Media has acquired a controlling stake in the entertainment giant.
  • Tesla (TSLA) shares rose almost 3% in pre-market trading following a 10% surge on Tuesday after the EV maker exceeded Wall Street delivery estimates.

Investors are bracing for the July 4th closure, keeping a keen eye on economic data as they assess the path forward. 


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