U.S. stocks edged lower as investors navigated a mix of rising oil prices, corporate earnings signals, and shifting expectations around Federal Reserve policy. The Dow, S&P 500, and Nasdaq all turned down after early gains, reflecting a market grappling with geopolitical tensions and inflation concerns. Indexes Pull Back All three major indexes slipped roughly between 0.3% and 0.6%, giving back some of the previous session’s momentum. The downturn followed renewed volatility in energy markets and cautious sentiment around consumer spending. Oil Prices Add Fresh Pressure Crude prices extended their sharp rally, driven by heightened worries over a potential U.S.–Iran conflict. Brent crude climbed above $71 per barrel, while West Texas Intermediate hovered near $66 — its biggest daily jump since October. Rising energy costs revived inflation concerns and weighed on equities. Walmart Earnings in Focus Walmart posted stronger‑than‑expected results, but its cautious pro...
Israel Expands Evacuation Orders Following Deadly Strike on Gaza School Shelter
Increased Evacuations in Gaza: The Israeli military has broadened its evacuation orders in southern Gaza after a deadly airstrike on a school-turned-shelter in the north. The strike resulted in the deaths of at least 80 Palestinians, according to local health authorities.
Targeting Militants: Israel stated that the airstrike targeted a militant command post, killing at least 19 fighters. The military has accused Hamas and other militants of using civilian areas to launch attacks.
Humanitarian Crisis: The ongoing conflict has displaced the vast majority of Gaza’s 2.3 million residents, many of whom have sought refuge in overcrowded shelters and tent camps.
Continued Conflict: The war, which began 10 months ago, has led to significant destruction and a staggering humanitarian crisis in Gaza. The Palestinian death toll is nearing 40,000.
Comments
Post a Comment