At Least 1 Dead, 68 Injured, After Huge Israeli Airstrike On South Beirut
At Least 1 Dead, 68 Injured, After Huge Israeli Airstrike On South Beirut
US State Dept Urges All Americans To Leave Lebanon Immediately
Israeli airstrikes on Beirut July 30, 2024…. prelude to bigger Mideast war.
Tech Stocks Sink as War Jitters Fuel Rush to Bonds: Markets Wrap
Rita Nazareth
Tue, Jul 30, 2024, 2:27 PM GMT-36 min read
(Bloomberg) -- Stocks got hit by a selloff in the world’s largest tech companies ahead of key central bank decisions. Bonds and gold climbed as traders rushed for safety amid geopolitical risks. Oil remained lower.
Israel’s military struck Beirut, aiming at a Hezbollah commander, in response to a rocket attack on Saturday in the Golan Heights that killed 12 people. Most shares in the S&P 500 rose, but renewed tech weakness weighed on the gauge — with Nvidia Corp. tumbling 6%. After a $2.3-trillion Nasdaq 100 wipeout, investors awaited Microsoft Corp.’s results amid concern that firms aren’t yet seeing returns from artificial intelligence. Its numbers will set the scene for reports from other heavyweighs this week, with markets also gearing up for Wednesday’s Federal Reserve decision.
“If the Fed does not signal a September rate cut, markets could get a bit ugly given recent tech weakness — especially if earnings underwhelm,” said Tom Essaye at The Sevens Report.
While the Fed is expected to hold benchmark rates at the highest level in more than two decades, traders will be closely watching for any hints that the start of policy easing is near. In the run-up to the announcement, data showed US consumer confidence rose on an improved outlook for the economy and job openings beat forecasts.
The S&P 500 fell about 1%. The Nasdaq 100 slid 1.4%. A gauge of the “Magnificent Seven” megacaps sank 2.4%. The Russell 2000 of small firms was little changed. Microsoft is investigating outages of some Office applications and cloud services. CrowdStrike Holdings Inc. plunged on a report Delta Air Lines Inc. hired an attorney after a tech outage. Procter & Gamble Co. sank on a sales miss. JetBlue Airways Corp. soared on a turnaround plan.
https://finance.yahoo.com/news/asian-shares-eye-declines-ahead-224722386.html
more at: https://www.zerohedge.com/geopolitical/huge-airstrikes-rock-densely-populated-beirut-suburb-israels-retaliation-begins
original reporting by Bloomberg: https://www.bloomberg.com/news/live-blog/2024-07-30/explosions-hit-suburbs-of-lebanese-capital?srnd=homepage-americas
https://apnews.com/article/israel-lebanon-strike-beirut-52c2a1711e274859b60daf8d2db3e0e2