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Daily Markets Update: Tech Rout Hammers Global Markets as Micron Earnings Loom

  The TSX slipped below 35,000, the Nasdaq shed more than 2%, and South Korea's chip-heavy KOSPI cratered 10% — all before Wall Street's eyes shift to Micron Technology's pivotal earnings report after today's close. Market Snapshot (June 23 Close & June 24 Early Signals) Index / Asset Level Change S&P/TSX Composite 34,927 ▼ 0.2% S&P 500 7,365.46 ▼ 1.44% Nasdaq Composite 25,587.04 ▼ 2.21% Dow Jones Industrial Avg. 51,666.84 ▼ 0.09% KOSPI (South Korea) — ▼ 9.99% Stoxx 600 (Europe) — ▼ ~1.0% WTI Crude Oil $72.06 / bbl ▼ 1.6% Brent Crude $75.86 / bbl ▼ 1.6% Gold (futures) $4,082.20 / oz ▼ 1.62% Silver (futures) $61.49 / oz ▼ 1.65% June 23 official closes. June 24 intraday/futures data where noted. All figures in USD unless stated. 🇨🇦 Canada: TSX Falls Below 35,000 The S&P/TSX Composite Index lost ground for the second consecutive session Tuesday, falling 0.2% to close at 34,927 — a retreat below the closely watched 35,000 mark. The selloff was broad-based...
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White House Showdown: Trump and King Abdullah Clash Over Gaza’s Future

 

At the White House on Tuesday, President Donald Trump is set to meet with Jordan’s King Abdullah II in what promises to be a high-stakes discussion on the future of Gaza. In recent days, Trump has pushed a controversial proposal envisioning the transformation of the war‐torn Gaza Strip into what he calls the “Riviera of the Middle East.” His plan would require relocating Gaza’s Palestinian residents to neighboring Arab states—including Jordan and Egypt—a proposal that has already sparked widespread outrage in the region and raised fears of further instability.

The meeting comes amid heightened tensions surrounding a fragile ceasefire between Israel and Hamas. After Hamas announced a pause in the release of hostages—accusing Israel of violating the truce—Trump intensified his rhetoric, suggesting that if Jordan and Egypt do not accept Gaza refugees, he might withhold critical U.S. aid to these longtime allies. 

King Abdullah, known for his pragmatic approach to regional security, is expected to push back strongly against the proposal. Concerned that the influx of additional refugees could destabilize Jordan and undermine prospects for a two-state solution, the Jordanian monarch is likely to emphasize national dignity and long-standing regional dynamics in his response. 

As global attention remains fixed on the evolving crisis in Gaza, this tense encounter at the White House could signal a turning point in U.S.–Arab relations. Observers are keen to see whether a compromise can be reached or if divergent visions for the Middle East will further widen existing divides. 


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