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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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Tragedy in Gaza: 31 Palestinians Killed Near Aid Distribution Site

At least 31 Palestinians lost their lives while attempting to receive humanitarian aid in Gaza, according to health officials and witnesses. The incident occurred near an aid distribution center operated by the Gaza Humanitarian Foundation, a US-backed organization. Reports indicate that Israeli forces opened fire on the crowds, leading to chaos and casualties.

The Palestinian Ministry of Health has blamed the Israeli military for the deaths, stating that all those killed were shot in the head or chest. Witnesses described the scene as terrifying, with people being trampled amid gunfire. Some claimed that security personnel at the distribution hub also fired on the crowd.

The Israeli Defense Forces (IDF) responded to inquiries, stating that they were “unaware of injuries caused by IDF fire within the Humanitarian Aid distribution site” and that the matter was under review. Meanwhile, the Gaza Humanitarian Foundation denied any gunfire at the distribution center, dismissing reports of deaths and injuries as false.

The tragedy has sparked outrage among Palestinians, with many questioning the safety of aid distribution efforts in the region. As the humanitarian crisis in Gaza deepens, calls for accountability and improved security measures at aid sites continue to grow.

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