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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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Tensions Escalate as Israeli Military Strikes Beirut’s Southern Suburbs

In a significant escalation, the Israeli military launched airstrikes on Beirut’s southern suburbs, targeting what it described as Hezbollah’s underground drone production facilities. The attack, which occurred on the eve of Eid al-Adha, struck multiple locations in the densely populated Dahieh district, prompting widespread evacuations and panic among residents.

The Israeli Defense Forces (IDF) had issued warnings earlier in the day, urging civilians in specific neighborhoods to evacuate due to imminent strikes. The Lebanese government swiftly condemned the attack, calling it a violation of international agreements and a direct threat to national security. Lebanese President Joseph Aoun described the strikes as a "flagrant violation" of the ceasefire agreement that had been in place for six months.

The situation remains fluid, with no immediate reports on casualties. Hezbollah has yet to issue an official response, but tensions between Israel and the militant group have been steadily rising despite previous ceasefire efforts. The international community is closely monitoring developments, fearing further escalation in the region.


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