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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Tragedy in Gaza: Airstrike Claims Lives Amid Ongoing Conflict


In a devastating turn of events, Israeli forces bombarded homes in the northern Gaza Strip, resulting in the deaths of at least 15 people. The airstrike, which targeted a building in the town of Beit Lahiya, left several others wounded and many more missing. The Palestinian Civil Emergency Service reported that rescue workers struggled to reach the site immediately due to the ongoing conflict.

The attack has further strained the already overwhelmed hospitals in the area, which are barely operational and unable to cope with the influx of wounded individuals. Residents in Jabalia, Beit Lahiya, and Beit Hanoun reported that clusters of houses were bombed, with some set ablaze. Israeli drones also dropped bombs outside a school sheltering displaced families, suggesting an attempt to scare them into leaving.

The Israeli military, which began its offensive against Hamas in Gaza following the militant group's attack on southern Israeli communities on October 7, 2023, stated that its latest operations in northern Gaza aim to prevent militants from regrouping and launching further attacks. However, the ongoing conflict has resulted in significant casualties and displacement, with Gaza officials reporting over 44,400 deaths and widespread destruction across the enclave.

Efforts to reach a ceasefire continue, with Egyptian officials hosting talks between Hamas and the rival Fatah group led by Palestinian President Mahmoud Abbas. The discussions aim to establish a committee to govern post-war Gaza, but no final agreement has been reached. Meanwhile, the humanitarian crisis in Gaza worsens, with the international community calling for urgent action to address the dire situation.

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