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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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Diplomatic Tensions Escalate: India Condemns Canada’s Expulsion of Diplomats

 


In a significant escalation of diplomatic tensions, India has strongly condemned Canada’s recent expulsion of six Indian diplomats. The Indian government described the move as “preposterous imputations” driven by Canadian Prime Minister Justin Trudeau’s political agenda. This development follows the assassination of Sikh separatist leader Hardeep Singh Nijjar on Canadian soil, which has been a point of contention between the two nations.

Canada’s Foreign Minister, Mélanie Joly, stated that India was asked to waive diplomatic and consular immunity to cooperate in the investigation but refused. In retaliation, India has expelled six Canadian diplomats, further straining the already tense relations between the two countries.

The diplomatic row underscores the complexities and sensitivities surrounding international relations and the impact of domestic political agendas on global diplomacy. Both nations now face the challenge of navigating this crisis while maintaining their respective national interests.

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