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Market Volatility: Stocks Flatten as Powell's Remarks Weigh on Gains

The stock market experienced a turbulent session on Wednesday, ultimately closing near flat after Federal Reserve Chair Jerome Powell's comments on monetary policy and inflation concerns. The S&P 500 ended nearly unchanged , giving back earlier gains as investors digested Powell’s remarks on the Fed’s stance regarding interest rates and economic restraint. Powell reiterated that the central bank remains cautious about inflation, particularly in light of tariff-driven price increases expected over the summer. While the Fed signaled that borrowing costs are likely to decline this year, the pace of future rate cuts appears to be slowing.  Following Powell’s speech, U.S. Treasury yields reversed their earlier declines , influencing market sentiment. The Dow Jones Industrial Average fell 43.83 points (0.10%) , while the Nasdaq Composite managed a slight gain of 23.66 points (0.12%).  Investors also kept a close eye on geopolitical developments, particularly tensions in the Midd...
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Pope Leo XIV Calls for Global Peace in First Sunday Address

In his first Sunday message since ascending to the papacy, Pope Leo XIV delivered a heartfelt appeal for peace, urging world leaders to put an end to war and conflict. Speaking from the central balcony of St. Peter’s Basilica, the newly elected pontiff called for an "authentic and lasting peace" in Ukraine, an immediate ceasefire in Gaza, and the release of all Israeli hostages.

Echoing the words of his predecessor, Pope Francis, Leo XIV lamented the ongoing violence across the globe, describing the current state of affairs as a "third world war in pieces." He emphasized the need for diplomacy and humanitarian efforts to alleviate suffering, particularly in war-torn regions.

The pope also welcomed the recent ceasefire between India and Pakistan, expressing hope that negotiations would lead to a lasting accord between the nuclear-armed neighbors. "But there are so many other conflicts in the world!" he exclaimed, urging leaders to prioritize peace and reconciliation.

Leo XIV’s message resonated deeply with the thousands gathered in St. Peter’s Square, many of whom waved flags and symbols of faith in solidarity with his call for peace. His words mark a significant moment in his early papacy, setting the tone for his leadership as a champion of global harmony and justice.



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