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Wall Street Futures Rise Ahead of Thanksgiving Holiday

  US stock futures edged higher on Wednesday as investors looked to extend the market’s recent rally into the Thanksgiving holiday. Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures rose 0.2%, and Nasdaq 100 futures climbed 0.3% . The move follows a strong session on Tuesday, when the Dow surged more than 660 points (1.4%) , marking its third consecutive day of gains. Tech stocks continued to drive momentum, with Alphabet closing at record highs after reports that Meta may adopt Google’s TPU chips in the coming years. Meanwhile, Nvidia shares slipped over 2.5% as competition in the AI chip space intensified. Investors are also keeping a close eye on the Federal Reserve. Markets are currently pricing in an 85% probability of a quarter-point rate cut in December , which has helped bolster optimism. Lower Treasury yields and easing inflation pressures have further supported the bullish sentiment. Through the first two trading days of this holiday-shortened we...
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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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