Skip to main content

Featured

Blast at Islamabad Mosque Leaves Dozens Dead

                    Blood stains at the site of a deadly explosion at a Shi'ite Muslim mosque in Islamabad, Pakistan A suicide bomber detonated explosives inside a crowded Shi’ite mosque in Islamabad, killing 31 people and injuring many others during Friday prayers. The attack struck the Tarlai neighborhood, where worshippers had gathered in large numbers, turning a moment of devotion into chaos and devastation. Witnesses described a powerful blast that shattered windows, collapsed parts of the structure, and left victims trapped beneath debris. Emergency teams and local residents worked together to rush the wounded to nearby hospitals, where several remain in critical condition. Authorities have heightened security across the capital as investigators work to determine how the attacker breached the area and whether others were involved. The bombing marks one of the deadliest assaults in the city in years and has intensified ...
Post a Comment
Read more

article

Labels

Stock Market Today: Dow, S&P 500, Nasdaq Futures Signal Rebound from Fed-Fueled Rout

                                          

U.S. stock futures indicated a rebound Thursday morning following a significant sell-off triggered by the Federal Reserve's latest interest rate decision. Futures tied to the S&P 500 rose by 0.5%, while those for the tech-heavy Nasdaq climbed 0.6%. The Dow Jones Industrial Average futures also saw a 0.5% increase.

The Federal Reserve's decision to scale back the number of anticipated rate cuts next year to two, coupled with Chair Jerome Powell's cautious remarks, led markets to interpret the move as a "hawkish cut," resulting in steep declines for the S&P 500 and Nasdaq. The Dow, meanwhile, is experiencing its longest losing streak in 50 years.

Despite the recent downturn, the Dow remains up over 12% for the year. On the economic front, the third estimate for third-quarter U.S. GDP showed a growth rate of 3.1%, surpassing earlier estimates. Additionally, weekly unemployment claims fell to 220,000, down from 242,000 the previous week.

Investors are now closely watching the market's response to these developments, hoping for a rebound in the coming days.




Labels:

Comments

Post a Comment