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Tech Surge Lifts Nasdaq as Inflation and Bank Earnings Weigh on Dow

  U.S. stocks traded mixed on Tuesday as investors digested fresh inflation data and the kickoff of bank earnings season. The Nasdaq Composite jumped 0.8% , powered by a rally in semiconductor stocks, while the Dow Jones Industrial Average slipped 0.3% amid concerns over rising prices and uneven financial sector results. Key Drivers: Nvidia (NVDA) soared nearly 5% after announcing plans to resume AI chip sales to China, following a green light from the U.S. government. The move sparked a broader rally in chipmakers, with AMD and Micron also posting strong gains. The Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year in June, signaling a slight acceleration in inflation. Core CPI, excluding food and energy, climbed 2.9% annually. Bank earnings painted a mixed picture: JPMorgan and Citigroup beat expectations, while Wells Fargo fell short, cutting its net interest income forecast. BlackRock also reported record assets under management but saw its ...
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Israeli Army Issues New Evacuation Orders in North Gaza After Fresh Rocket Fire

 

Amid ongoing conflict, Israeli forces have issued fresh evacuation orders to Palestinians in areas of northern Gaza that were among the first to be hit during the war with Hamas in October. The latest evacuation orders come after militants fired a volley of rockets into Israel. The affected districts include Beit Hanoun and Beit Lahiya, both of which have been largely demolished since the start of Israel’s ground invasion. In a message sent via text or social media, army spokesperson Avichay Adraee urged residents to evacuate immediately to known shelters in the center of Gaza City for their safety.

Despite the fighting in Gaza, Israel is also preparing for a potential assault from Iran and its ally Hezbollah in the north. Tensions remain high, and the conflict continues to impact civilians, with casualties reported in nearby neighborhoods. The situation remains complex, with both sides engaging in military actions and civilians caught in the crossfire.



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