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...
Wildfire Reaches Athens’ Outskirts, Prompting Evacuations
A fast-moving wildfire, driven by gale-force winds, has spread to the edge of Athens, Greece, torching trees, houses, and cars. The blaze has forced the evacuation of several hospitals and numerous towns and villages.
Key Points:
- Firefighting Efforts: Over 670 firefighters, supported by volunteers, 183 fire engines, and 32 waterbombing planes and helicopters, are battling the fire.
- Evacuations: At least 250 people have been evacuated, with some spending the night in shelters.
- Weather Conditions: Strong winds and high temperatures are exacerbating the situation, with flames reaching heights of 25 meters (82 feet).
- Government Response: Prime Minister Kyriakos Mitsotakis has returned from a holiday to oversee the response, recalling the devastating 2018 fire in Mati.
The situation remains critical as authorities continue to combat the blaze and protect residents.
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