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Israeli Prime Minister's Office Refutes Claims of Hamas Agreement on Gaza Ceasefire

  In a recent development, the office of Israeli Prime Minister Benjamin Netanyahu has denied reports that Hamas has agreed to a ceasefire proposal mediated by Qatar. Contrary to earlier claims by an Israeli official, the Prime Minister's office stated that Hamas has not yet responded to the deal. The proposal, which aims to halt the ongoing conflict in Gaza, was reportedly set to be formally announced on Thursday, with the first phase of the agreement commencing on Sunday. However, the Prime Minister's office clarified that no official communication has been received from Hamas regarding their acceptance of the terms. This denial comes amidst ongoing negotiations and efforts by international mediators to broker a ceasefire and secure the release of hostages held by Hamas in exchange for Palestinian prisoners. The situation remains fluid, with both sides yet to reach a final agreement.
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Stocks Close Lower as Nvidia Predictions Weigh on Tech Sector

 

Stocks across the board closed lower on Tuesday as investors eagerly awaited Nvidia’s fourth-quarter earnings, scheduled for release on Wednesday. The tech-heavy Nasdaq lagged, pulling back ahead of the highly anticipated results from the semiconductor giant. Meanwhile, consumer staples emerged as the lone gainer, buoyed by Walmart’s robust performance driven by strong sales growth.

Nvidia Corporation (NVDA) has been a focal point for investors, with its stock priced for perfection. The upcoming earnings report will serve as a referendum on the AI trade, and analysts are closely watching for signs of continued growth. Revenue is expected to surge by a remarkable 234%.

The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) both closed in negative territory, while the Nasdaq Composite (^IXIC) experienced pronounced weakness. Nvidia’s predictions have cast a shadow over the tech sector, leaving investors pondering the implications for other high-flying tech stocks.

Consumer staples, represented by Walmart (WMT), defied the broader market trend. The retail giant reported strong results, fueled by robust sales growth. As consumers continue to spend, Walmart’s performance provides a glimmer of hope amidst the tech-driven uncertainty.

In conclusion, the market remains on edge as Nvidia’s earnings loom large. Investors are bracing for potential volatility, and the tech sector’s fate hangs in the balance. Stay tuned for further developments as we navigate this dynamic landscape.


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