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Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged , giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint. Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing.  Following Powell’s speech, U.S. Treasury yields reversed their earlier declines , influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%) , while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%).  Investors also kept a close eye on geopolitical developments, particularly tensions in the Midd...
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Tragedy in Gaza: Israeli Airstrike on Post Office Claims Lives of 30 Palestinians


In a devastating incident, an Israeli airstrike targeted a post office in the Nuseirat camp in central Gaza, resulting in the deaths of at least 30 Palestinians and injuring 50 others. The post office had been serving as a shelter for families displaced by the ongoing conflict, which has now entered its 14th month.

The Israeli military stated that the strike aimed to eliminate a senior member of the Islamic Jihad, a militant group accused of exploiting civilian infrastructure for its activities. However, the attack has drawn widespread condemnation due to the high civilian casualties and the destruction of a facility providing refuge to those already suffering from the conflict.

Earlier on the same day, two additional Israeli airstrikes in southern Gaza killed 13 Palestinians who were reportedly guarding humanitarian aid trucks. The Israeli military claimed these individuals were Hamas militants attempting to hijack the aid shipments.

The ongoing violence has exacerbated the humanitarian crisis in Gaza, with thousands of families displaced and essential services severely disrupted. Efforts by international mediators to broker a ceasefire have so far been unsuccessful, leaving the region in a state of perpetual turmoil.


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