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Wall Street Futures Ease as Strong GDP Growth Tempers Fed Cut Hopes

US stock futures dipped Tuesday morning as stronger-than-expected GDP growth raised doubts about near-term Federal Reserve rate cuts, sending the Dow, S&P 500, and Nasdaq futures slightly lower. Market Overview Dow Jones, S&P 500, and Nasdaq futures all slipped about 0.2% in premarket trading. The decline comes after three consecutive winning sessions for US equities, highlighting investor caution despite recent momentum. Gold and silver continued their rally, with both metals on pace for their best year in over four decades. Economic Data Impact The third-quarter GDP report showed the US economy grew at a 4.3% annualized rate, well above the 3.3% forecast. Strong consumer spending drove the surprise, but analysts warn that the government shutdown likely slowed growth in the fourth quarter. The data suggests economic resilience, but also reduces the likelihood of immediate Fed rate cuts, which had been priced in by markets. Investor Sentiment Traders are recalib...
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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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