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Syria's Deadliest Days: Over 1,000 Killed in Clashes and Revenge Killings

In a tragic escalation of violence, over 1,000 people have lost their lives in Syria during two days of intense clashes and revenge killings. The conflict erupted between Syrian security forces and loyalists of ousted President Bashar al-Assad, with sectarian violence targeting the Alawite community, a key support base of the former regime. The Britain-based Syrian Observatory for Human Rights reported that the death toll includes 745 civilians, 125 government security personnel, and 148 militants. The violence has left areas like Latakia without electricity and water, further deepening the humanitarian crisis. The revenge killings, primarily carried out by Sunni Muslim gunmen, have devastated Alawite villages, with reports of targeted shootings, looting, and arson. Thousands have fled to the mountains seeking safety, while bodies remain unburied in the streets of towns like Baniyas. This marks one of the deadliest episodes in Syria's 14-year conflict, raising fears of further inst...
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Dow Jones Industrial Average Closes at Second-Straight Record High as Big Tech Kicks Off Earnings

 

The Dow Jones Industrial Average (DJIA) closed at a second-straight record high on Tuesday, as quarterly earnings from big tech companies were released and economic data showing ongoing labor market strength was digested. The Federal Reserve also kicked off its two-day meeting on Tuesday.

Microsoft, Alphabet, and AMD kicked off the earnings season for big tech with better-than-expected quarterly earnings. The trio’s earnings come just ahead of earnings from Amazon, Apple, and Meta due later this week. Collectively, the market capitalization of Alphabet, Microsoft, Apple, Amazon, and Meta accounted for the bulk of S&P 500’s 24% gain in 2023.

In other tech news, Super Micro Computer rose more than 3% after the data center hardware maker reported second-quarter results that topped Wall Street estimates amid a boost from artificial intelligence-led demand.

General Motors’ stock rose nearly 7% after the auto giant provided investors with an upbeat outlook for 2024 and signaled more capital could be returned to shareholders.

The U.S. Labor Department’s latest Job Openings and Labor Turnover Survey, a measure of labor demand, showed job openings in December climbed to 9.03 million, above economists’ estimates of 8.75 million. The ongoing signs of labor market strength arrived on the heels of data showing consumer confidence jumped to a 2-year high. The duo of reports, signaling economic strength, pushed 2-year Treasury yields higher, as investors bet that the data will likely encourage the Fed to maintain its higher-for-longer rate regime as the central bank kicked off its two-day meeting.


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