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Markets Lose Footing as Iran Truce Hopes Dim

  U.S. stocks slipped as investors reassessed the likelihood of a ceasefire in the Iran conflict, sending major indexes lower. The Dow , S&P 500 , and Nasdaq all retreated as renewed geopolitical tension pushed oil prices higher and dampened the previous day’s optimism.  The pullback followed a brief rally driven by hopes of diplomatic progress, but those expectations faded quickly as reports signaled escalating military activity and conflicting statements from U.S. and Iranian officials. Rising crude prices—seen as a direct barometer of conflict risk—added pressure across sectors, particularly technology, which led the day’s declines.  Investors remain highly sensitive to headlines, with markets swinging between relief and caution as the situation evolves. With oil once again at the center of market volatility and no clear path to de‑escalation, Wall Street continues to navigate a fragile and fast‑shifting landscape. 
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Trump and Republicans Set Ambitious 100-Day Agenda with Focus on Tax Cuts


In a bold move, President-elect Donald Trump and the Republican majority in Congress are gearing up for an ambitious 100-day agenda, with tax cuts taking center stage. The plan aims to renew approximately $4 trillion in expiring GOP tax cuts, a hallmark of Trump's first term. 

House Majority Leader Steve Scalise emphasized the urgency of being prepared from Day 1, as GOP lawmakers have been meeting privately with Trump to outline their strategy. The proposed policies will reignite debates on America's priorities, income inequality, and the size and scope of government, especially given the mounting federal deficits nearing $2 trillion annually.

The tax cuts, initially passed in 2017, have significantly benefited higher-income households, with the top 1% receiving substantial reductions. As Republicans prepare to extend and enhance these cuts, they also plan to lower the corporate tax rate further and eliminate taxes on tips and overtime pay.

This ambitious agenda will test whether Trump and his allies can deliver the outcomes voters expect, having granted them control of both Congress and the White House.


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