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Wall Street Braces as Tech Rout Deepens

US markets looked set for another turbulent session as futures for the S&P 500 and Nasdaq pointed lower, signaling continued pressure on the tech sector. A wave of selling has swept through major technology names this week, and Thursday’s pre‑market action suggested the downturn isn’t over yet. Alphabet remained a major drag after its sharp slide, with investors reacting to concerns about rising AI‑related spending and the uncertain payoff timeline. The pullback has added to broader anxiety across the sector, where valuations have been tested by shifting expectations around growth and profitability. Amazon now sits in the spotlight as traders await its upcoming earnings report. With sentiment already fragile, the company’s results could either steady the market or accelerate the sell‑off, depending on how its cloud and retail segments perform. Commodities also reflected the risk‑off mood. Silver prices tumbled, extending a recent decline and underscoring the cautious tone acros...
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Storm Leonardo Leaves One Dead and One Missing as It Batters Iberian Coast

People in boats sail through the streets after storm Leo flooded the streets of Alcacer do Sal, Portugal

Storm Leonardo has unleashed powerful winds and torrential rain across Spain and Portugal, leaving one man dead and a woman missing as emergency crews race to contain the damage.

Authorities in northern Portugal confirmed that a man lost his life after being swept away by rising floodwaters late Wednesday. In Spain’s Galicia region, search teams are still looking for a woman who disappeared near a swollen river as conditions rapidly deteriorated.

The storm has triggered widespread flooding, power outages, and transportation disruptions across both countries. Coastal areas have been hit especially hard, with waves exceeding several meters and forcing the closure of ports and seaside roads.

Meteorologists warn that Leonardo will continue to bring hazardous conditions as it moves eastward, urging residents to remain cautious and follow official safety guidance.


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