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Tech Surge Lifts Nasdaq as Inflation and Bank Earnings Weigh on Dow

  U.S. stocks traded mixed on Tuesday as investors digested fresh inflation data and the kickoff of bank earnings season. The Nasdaq Composite jumped 0.8% , powered by a rally in semiconductor stocks, while the Dow Jones Industrial Average slipped 0.3% amid concerns over rising prices and uneven financial sector results. Key Drivers: Nvidia (NVDA) soared nearly 5% after announcing plans to resume AI chip sales to China, following a green light from the U.S. government. The move sparked a broader rally in chipmakers, with AMD and Micron also posting strong gains. The Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year in June, signaling a slight acceleration in inflation. Core CPI, excluding food and energy, climbed 2.9% annually. Bank earnings painted a mixed picture: JPMorgan and Citigroup beat expectations, while Wells Fargo fell short, cutting its net interest income forecast. BlackRock also reported record assets under management but saw its ...
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Tragedy in Gaza: UN Reports Mass Killing of Medics

 

The United Nations has reported a devastating incident in southern Gaza, where 15 Palestinian medics and emergency responders were killed by Israeli troops and buried in a mass grave. The medics, including workers from the Palestinian Red Crescent and Gaza’s Civil Defense, were reportedly on a mission to rescue casualties when they were struck down. Their vehicles were clearly marked as humanitarian, according to the Palestinian Red Crescent, which has accused Israeli forces of targeting them "in cold blood."

The Israeli military has stated that its troops fired on vehicles that approached them "suspiciously" without identification. However, the UN and other humanitarian organizations have raised concerns about the targeting of medical personnel, calling it one of the deadliest attacks on aid workers in recent years.

This tragic event has drawn international condemnation and highlighted the ongoing humanitarian crisis in Gaza, where medical and emergency teams often operate under life-threatening conditions. The incident underscores the urgent need for accountability and the protection of humanitarian workers in conflict zones.

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