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Tech Giants Lift Markets as Investors Brace for Fed Decision

Both the S&P 500 and the Nasdaq hit their highest levels in more than a week on Monday. Wall Street finished the day on a strong note, with major U.S. indexes advancing as investors positioned themselves for a pivotal week of corporate earnings and a closely watched Federal Reserve meeting. Market Momentum The S&P 500 and Nasdaq extended their recent winning streak, marking their longest run of gains in weeks. Confidence was fueled largely by heavyweight technology stocks, which continued to attract buyers ahead of their upcoming earnings reports. What’s Driving the Optimism Companies such as Apple, Microsoft, Alphabet, Broadcom, and Meta helped propel the market higher. Their performance has been central to the broader rally, especially as enthusiasm around artificial intelligence remains a dominant theme in tech valuations. Eyes on Earnings and the Fed Investors are now turning their attention to earnings guidance from these major firms, which could determine whether t...
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Historic Verdict: Donald Trump Found Guilty on All 34 Counts in Hush-Money Trial

 


Former President Donald Trump was found guilty on all 34 felony counts in his criminal hush money trial. This historic verdict marks the first time a former U.S. president has ever been tried or convicted in a criminal case. The charges stem from falsifying business records to cover up a $130,000 hush-money payment to adult film actor Stormy Daniels just 11 days before the 2016 election. The jury’s decision came after deliberations on the second day of the trial.

The sentencing for Trump is scheduled for July 11, which interestingly falls just four days before the Republican National Convention. The potential penalties he faces include a fine, probation, or up to four years in prison. Reactions to the verdict have been intense, with Trump’s potential running mates criticizing the decision and Democrats asserting that it demonstrates his unfitness to serve.

In the aftermath of the verdict, former Democratic nominee Hillary Clinton playfully referenced the news during an award presentation at the Kennedy Center in Washington, saying, “Anything going on today? Well, I have to tell you, there’s nowhere I’d rather be than right here”  Senate Majority Leader Chuck Schumer succinctly stated, “No one is above the law” in response to the verdict. Meanwhile, Trump’s legal team plans to appeal the decision, emphasizing concerns about the trial venue and timing.

This trial has significant implications, as it marks a pivotal moment in U.S. legal history and underscores the principle that no individual, regardless of their position, is immune to legal consequences.



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