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Wall Street Sinks as Tariff Jitters and AI Volatility Rattle Investors

U.S. stocks tumbled in a broad sell‑off today, with the Dow Jones Industrial Average plunging roughly 800 points as renewed tariff concerns and a wave of AI‑related volatility shook market confidence. The S&P 500 and Nasdaq also slid sharply, extending a week of choppy trading driven by political uncertainty and rapid shifts in tech sentiment. Investors reacted to escalating fears that new tariff measures proposed by President Trump could disrupt global supply chains and pressure corporate earnings. Tech stocks—already sensitive to policy shifts—were hit particularly hard as traders unwound positions tied to what analysts have dubbed the “AI scare trade,” a fast‑moving rotation away from high‑growth names. Market strategists noted that the combination of geopolitical tension, policy ambiguity, and stretched valuations created a perfect storm for a sharp pullback. Still, some analysts argue that the downturn reflects a recalibration rather than a fundamental shift, pointing out t...
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Escalation in Gaza: Israeli Forces Advance in Khan Younis, 20 Killed

 

Israeli tanks advanced into the northern parts of Khan Younis in southern Gaza on Wednesday, leading to a significant escalation in the ongoing conflict. Palestinian medics reported that Israeli airstrikes resulted in the deaths of at least 20 people across the enclave.

The advance came a day after the Israeli military issued new evacuation orders, citing rocket launches from the area. The airstrikes targeted central Gaza, killing 11 people, including six children and one medic. Five of the victims were reportedly queuing outside a bakery. Additionally, nine Palestinians were killed by tank fire in Rafah, near the Egyptian border.

The situation in Gaza remains dire, with residents fleeing their homes amid the shelling. The humanitarian-designated area of Al-Mawasi has seen an influx of displaced families seeking safety. The conflict, which began after Hamas-led fighters attacked Israeli communities on October 7, 2023, has resulted in over 44,400 Palestinian deaths and widespread destruction.

The international community continues to call for a ceasefire, but the violence shows no signs of abating. The humanitarian crisis in Gaza is worsening, with hospitals and aid workers struggling to cope with the influx of casualties and displaced persons.

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