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Wall Street Rises as Trade Negotiations Offer Market Calm

Wall Street edged higher in premarket trading on Wednesday, buoyed by investor optimism surrounding ongoing trade negotiations. The Trump administration’s recent extension of tariff deadlines to August 1 has eased immediate market anxieties, allowing traders to refocus on earnings and economic data. The S&P 500, Nasdaq, and Dow futures all posted modest gains, with the Dow E-minis up 127 points and Nasdaq E-minis rising 47.25 points. This uptick follows a volatile stretch triggered by sweeping tariff threats aimed at key U.S. trading partners, including Japan and South Korea.  “Markets have gotten used to how Trump negotiates,” said Ross Bramwell, strategist at Homrich Berg, noting that investors are now betting on a softer outcome from the aggressive opening stance. Meanwhile, European and Asian markets showed mixed reactions. Japan’s Nikkei and South Korea’s Kospi posted gains, while Hong Kong’s Hang Seng dipped amid uncertainty over China’s response. Investors are also eyein...
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Efforts to broker a ceasefire in Gaza remain precarious following a high-profile meeting between U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu at the White House. While both leaders expressed optimism about the potential for a 60-day truce, fundamental disagreements between Israel and Hamas continue to stall progress.

During the closed-door dinner, Netanyahu presented Trump with a letter nominating him for the Nobel Peace Prize, citing his role in recent joint military operations and his push for regional diplomacy. Trump, meanwhile, reiterated his belief that negotiations were “going along very well,” and suggested that Hamas was open to ending the 21-month conflict.

However, the path to peace remains riddled with obstacles. Hamas has demanded a permanent end to hostilities and the full withdrawal of Israeli forces from Gaza, while Netanyahu insists on the dismantling of Hamas and its leadership going into exile—terms the group has rejected.

Indirect talks in Doha between Israeli and Hamas negotiators have yet to yield a breakthrough, though U.S. envoy Steve Witkoff is expected to join the discussions later this week in hopes of bridging the divide.

Inside Gaza, the humanitarian crisis deepens. Over 57,000 Palestinians have been killed since the war began in October 2023, and nearly half a million face imminent famine, according to UN estimates. Israeli strikes continue, with dozens killed in recent days, further complicating ceasefire efforts.

Despite the fanfare surrounding the White House meeting, the future of Gaza remains uncertain. As regional and international actors push for a resolution, the coming days may prove pivotal in determining whether diplomacy can overcome entrenched hostilities.

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