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Wall Street Ends October on a High as Amazon, Tech Giants Drive Market Rally

US stocks closed October with strong gains, capping off a winning month fueled by robust corporate earnings and optimism over easing interest rates. The Dow Jones Industrial Average rose 0.1% , the S&P 500 gained 0.3% , and the Nasdaq Composite advanced 0.6% , marking another month of steady growth across Wall Street’s major indexes. The standout performer was Amazon , whose shares surged nearly 10% to an all-time high after reporting third-quarter results that exceeded expectations. The company’s cloud division, Amazon Web Services, showed renewed momentum, easing investor concerns about slowing growth in the tech sector. This rally helped lift the broader technology space, with the Nasdaq notching its seventh consecutive monthly gain. Other members of the so-called “Magnificent Seven” also contributed to the upbeat sentiment, as investors embraced signs that Big Tech’s heavy investments in artificial intelligence and infrastructure are beginning to pay off. The S&P 500 an...
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Turkey to Host Urgent Talks on Gaza Ceasefire Amid Fears of Renewed Violence

                                    Israeli military personnel operate on the Israeli side of the Israel-Gaza border

Turkey announced that it will host a high-level meeting in Istanbul on Monday to address the fragile ceasefire in Gaza and discuss next steps for stability in the region. Turkish Foreign Minister Hakan Fidan confirmed that foreign ministers from several Muslim-majority countries will attend.

The gathering comes amid growing concerns that the current ceasefire may not hold, with discussions expected to focus on the creation of a Gaza stabilization force and broader efforts to ensure long-term peace. Fidan emphasized that the talks will evaluate how to move into a “second stage” of the peace process, which could involve international cooperation on security and humanitarian measures.

Countries invited to the meeting include Qatar, Saudi Arabia, Egypt, the United Arab Emirates, Jordan, Pakistan, and Indonesia, alongside Turkey. These states have been actively engaged in diplomatic efforts to prevent further escalation and to explore frameworks for reconstruction and governance in Gaza.

The timing of the meeting underscores the delicate balance of the ceasefire, which has faced repeated challenges in recent weeks. While regional leaders have expressed cautious optimism, Israeli Prime Minister Benjamin Netanyahu has signaled opposition to any role for Turkish security forces in Gaza, raising questions about the feasibility of proposed stabilization plans.

As the international community watches closely, Monday’s talks in Istanbul are expected to be a critical test of whether regional diplomacy can sustain the ceasefire and lay the groundwork for a more durable peace.

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