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Greek Tanker Struck by Missile in Black Sea, Crew Emerges Unharmed

  A Greek‑flagged tanker sailing near the Russian port of Novorossiysk was struck by a missile but remained operational, and all 24 crew members were confirmed safe.   A Greek‑owned and Greek‑flagged tanker sustained material damage after being hit by a missile while sailing approximately 14 nautical miles off the Russian port of Novorossiysk in the Black Sea. According to authorities, the vessel—operated by Maran Gas Maritime—was not carrying cargo at the time of the strike and continued to navigate safely following the incident.  All 24 crew members on board, including ten Greek nationals, thirteen Filipinos, and one Romanian, were reported to be in good health. The impact caused damage to the starboard side of the ship, but no assistance or towing was required. The tanker remained fully operational, and no environmental pollution was reported.  Greek officials have condemned the attack as dangerous and unacceptable, noting that the incident occurred amid height...

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Premarket: Nasdaq and S&P 500 Poised for a Dip After Record Highs



The S&P 500 and the Nasdaq are expected to open lower today, following robust gains in the previous session. Investors celebrated the Federal Reserve’s commitment to its rate-easing stance, eagerly awaiting commentary from Chair Jerome Powell later in the day.

Market Highlights:

  • Record Highs: All three major U.S. indexes achieved fresh record closing highs on Thursday. Chip stocks rallied after Micron Technology’s optimistic forecast, and the Fed signaled its intention to proceed with three interest-rate cuts this year.
  • Rate Cut Expectations: Traders now anticipate a 70% chance of the first rate cut occurring in June, up from 56% earlier this week, according to the CME’s FedWatch Tool.
  • Bull Market Momentum: Policymakers’ commitment to summer rate cuts and limited bond yield recovery has injected fresh impetus into the bull market, according to Raffi Boyadjian, lead investment analyst at XM.
  • Dow’s Milestone: The blue-chip Dow index ended Thursday less than 1% away from the historic 40,000-mark for the first time.
  • Weekly Performance: Both the S&P 500 and the Dow are on track for their best weekly performance so far this year. Meanwhile, the tech-heavy Nasdaq is set to notch its best week since mid-January.

Pre-Market Numbers:

  • At 08:21 a.m. ET:
    • Dow e-minis were up 4 points (0.01%).
    • S&P 500 e-minis were down 5.25 points (0.1%).
    • Nasdaq 100 e-minis were down 48.25 points (0.26%).
  • Most rate-sensitive megacap growth and technology stocks eased in premarket trading.
    • Tesla led losses, down 4.0%, following a report of reduced car production at its China plant.
    • Nike fell after a disappointing revenue forecast.
    • Lululemon Athletica also forecasted lower revenue and profit.
    • Reddit (RDDT.N) lost 2.3% a day after its strong market debut.
    • FedEx jumped 11.5% after beating Wall Street expectations for quarterly profit.

As we await further cues from central bankers, the market remains dynamic and full of surprises. Keep an eye on earnings reports and policy updates as we navigate this exciting landscape.


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