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Tech Surge Lifts Nasdaq as Inflation and Bank Earnings Weigh on Dow

  U.S. stocks traded mixed on Tuesday as investors digested fresh inflation data and the kickoff of bank earnings season. The Nasdaq Composite jumped 0.8% , powered by a rally in semiconductor stocks, while the Dow Jones Industrial Average slipped 0.3% amid concerns over rising prices and uneven financial sector results. Key Drivers: Nvidia (NVDA) soared nearly 5% after announcing plans to resume AI chip sales to China, following a green light from the U.S. government. The move sparked a broader rally in chipmakers, with AMD and Micron also posting strong gains. The Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year in June, signaling a slight acceleration in inflation. Core CPI, excluding food and energy, climbed 2.9% annually. Bank earnings painted a mixed picture: JPMorgan and Citigroup beat expectations, while Wells Fargo fell short, cutting its net interest income forecast. BlackRock also reported record assets under management but saw its ...
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U.S. Demands Accountability After American Killed in West Bank

 


The U.S. Ambassador to Israel, Mike Huckabee, has called on Israeli authorities to conduct a thorough and aggressive investigation into the death of 20-year-old American citizen Sayafollah Musallet, who was reportedly beaten to death in the West Bank town of Sinjil on July 11.

Musallet, also known as Saif, was a dual Palestinian-American citizen from Tampa, Florida. According to his family, medics were unable to reach him for hours due to blocked access, and he died before arriving at the hospital. The incident has sparked outrage among U.S. lawmakers, with Representative Kathy Castor urging international cooperation to ensure the safety of Americans abroad.

The Israeli military has stated that it is investigating the incident, which occurred amid rising settler violence in the West Bank following the escalation of conflict in Gaza in late 2023. Musallet’s family and several members of Congress are pressing the U.S. State Department to lead an independent inquiry and hold those responsible accountable.

This tragedy adds to a growing list of American casualties in the region and has reignited calls for stronger protections and diplomatic action.

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