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Both the S&P 500 and the Nasdaq hit their highest levels in more than a week on Monday. Wall Street finished the day on a strong note, with major U.S. indexes advancing as investors positioned themselves for a pivotal week of corporate earnings and a closely watched Federal Reserve meeting. Market Momentum The S&P 500 and Nasdaq extended their recent winning streak, marking their longest run of gains in weeks. Confidence was fueled largely by heavyweight technology stocks, which continued to attract buyers ahead of their upcoming earnings reports. What’s Driving the Optimism Companies such as Apple, Microsoft, Alphabet, Broadcom, and Meta helped propel the market higher. Their performance has been central to the broader rally, especially as enthusiasm around artificial intelligence remains a dominant theme in tech valuations. Eyes on Earnings and the Fed Investors are now turning their attention to earnings guidance from these major firms, which could determine whether t...
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US Claims Russian Air Defenses Downed Azerbaijani Plane

                                         

The United States has suggested that Russian air defenses may have been responsible for the downing of an Azerbaijan Airlines plane that crashed in Kazakhstan earlier this week. The Embraer 190 aircraft, which was en route from Baku to Grozny, crashed near Aktau, killing 38 people and injuring all 29 survivors.

According to White House national security spokesman John Kirby, early indications point to the possibility that the plane was brought down by Russian air defense systems. Kirby emphasized that the U.S. has seen some evidence supporting this theory but declined to provide further details, citing an ongoing investigation.

Azerbaijan's Minister of Digital Development and Transportation, Rashad Nabiyev, also suggested that the plane was subjected to "external interference" before the crash. Survivors reported hearing loud noises and explosions while the aircraft was circling over Grozny.

The Kremlin has yet to respond to these claims, with Russian officials stating that it is premature to draw conclusions before the investigation is complete.

The incident has raised tensions between Azerbaijan and Russia, with Azerbaijan pausing flights to several Russian cities citing potential flight safety risks.

As the investigation continues, the international community awaits further clarity on the circumstances surrounding this tragic event.


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