U.S. stocks edged lower as investors navigated a mix of rising oil prices, corporate earnings signals, and shifting expectations around Federal Reserve policy. The Dow, S&P 500, and Nasdaq all turned down after early gains, reflecting a market grappling with geopolitical tensions and inflation concerns. Indexes Pull Back All three major indexes slipped roughly between 0.3% and 0.6%, giving back some of the previous session’s momentum. The downturn followed renewed volatility in energy markets and cautious sentiment around consumer spending. Oil Prices Add Fresh Pressure Crude prices extended their sharp rally, driven by heightened worries over a potential U.S.–Iran conflict. Brent crude climbed above $71 per barrel, while West Texas Intermediate hovered near $66 — its biggest daily jump since October. Rising energy costs revived inflation concerns and weighed on equities. Walmart Earnings in Focus Walmart posted stronger‑than‑expected results, but its cautious pro...
Airstrikes Continue in Gaza Despite Ceasefire Announcement, Over 70 Lives Lost
In a tragic turn of events, the Gaza Health Ministry has reported that more than 70 people were killed in Israeli airstrikes following the announcement of a ceasefire agreement. The airstrikes, which occurred overnight, have shattered the brief moment of hope that had emerged with the ceasefire deal.
Residents of Gaza, who had been celebrating the anticipated truce, were met with columns of smoke and rubble as the airstrikes continued. Among the casualties were 20 children and 25 women, with around 200 others wounded. The scenes of devastation were repeated across the densely populated territory, where many have been displaced multiple times since the conflict began in October 2023.
The ceasefire agreement, brokered by Qatar and the United States, was set to take effect on Sunday, but the recent violence has cast doubt on its implementation. The Israeli military has not yet commented on the ongoing strikes.
As the international community watches closely, the hope for a lasting peace in Gaza remains fragile, with many fearing further bloodshed in the coming days.
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