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...
Devastating Earthquake Near Everest Claims 95 Lives
Western China was struck by a powerful 7.1 magnitude earthquake on Tuesday morning, near the border with Nepal. The quake, centered in the Tibet region, has tragically claimed at least 95 lives and injured over 130 people. The epicenter was located about 50 miles northeast of Mount Everest causing tremors felt as far away as Kathmandu.
The earthquake has caused significant damage, with 1,000 homes destroyed and rescue efforts complicated by the remote, high-altitude location. Chinese leader Xi Jinping has called for all-out efforts to rescue survivors and minimize further casualties.
The region continues to experience aftershocks, adding to the challenges faced by rescue teams and local residents. The Mount Everest scenic area on the Chinese side has been closed, and relief operations are ongoing.
This disaster serves as a stark reminder of the ever-present seismic activity in the Himalayan region, which has seen numerous powerful quakes over the past century.
Comments
Post a Comment