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Wall Street Stays Resilient as Nasdaq Hits Record Amid Tariff Turbulence

  Markets defy trade jitters with mixed performance Wall Street wrapped up the week with a show of resilience, as the Nasdaq Composite edged to a fresh record close , buoyed by strong tech earnings and steady economic data. The S&P 500 posted a modest weekly gain , while the Dow Jones Industrial Average slipped 0.3% , reflecting investor caution amid escalating tariff tensions. Despite President Trump’s push for 15% to 20% blanket tariffs on European Union imports , markets largely shrugged off the geopolitical noise. Economic indicators, including a sharp drop in inflation expectations from the University of Michigan’s consumer sentiment survey, helped soothe investor nerves. Netflix’s earnings beat failed to impress, dragging its stock lower, while American Express posted strong results , signaling continued spending strength among affluent consumers. Meanwhile, CRISPR Therapeutics surged 17% after a major insider stock purchase, and Bitcoin briefly topped $118,000 befor...
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Mamdani’s Historic Win Met with Islamophobic Backlash, Advocates Warn

Zohran Mamdani’s unexpected victory in New York City’s Democratic mayoral primary has ignited a troubling surge in anti-Muslim rhetoric online, according to civil rights advocates. The 33-year-old state lawmaker, who identifies as a democratic socialist, would become the city’s first Muslim and Indian American mayor if elected in November.

In the 24 hours following his win, the Council on American Islamic Relations (CAIR) reported a fivefold increase in hate-related incidents, with over 6,200 Islamophobic posts logged across social media platforms. Many of these attacks included death threats and inflammatory comparisons to the September 11 attacks.

Prominent conservative figures, including Donald Trump Jr. and Representative Marjorie Taylor Greene, amplified the rhetoric. Trump Jr. claimed “New York City has fallen,” while Greene shared an AI-generated image of the Statue of Liberty in a burqa. CAIR noted that 62% of the anti-Muslim posts originated on X (formerly Twitter).

Advocacy groups are urging political leaders across the spectrum to denounce the wave of Islamophobia. “We call on public officials of every party… to unequivocally condemn Islamophobia,” said CAIR Action’s executive director Basim Elkarra.

Despite the backlash, Mamdani remains focused on his campaign, emphasizing economic justice and inclusive governance. His supporters argue that the attacks reflect a broader pattern of xenophobia faced by Muslim and South Asian political figures in the U.S..

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