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Tech Surge Lifts Nasdaq as Inflation and Bank Earnings Weigh on Dow

  U.S. stocks traded mixed on Tuesday as investors digested fresh inflation data and the kickoff of bank earnings season. The Nasdaq Composite jumped 0.8% , powered by a rally in semiconductor stocks, while the Dow Jones Industrial Average slipped 0.3% amid concerns over rising prices and uneven financial sector results. Key Drivers: Nvidia (NVDA) soared nearly 5% after announcing plans to resume AI chip sales to China, following a green light from the U.S. government. The move sparked a broader rally in chipmakers, with AMD and Micron also posting strong gains. The Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year in June, signaling a slight acceleration in inflation. Core CPI, excluding food and energy, climbed 2.9% annually. Bank earnings painted a mixed picture: JPMorgan and Citigroup beat expectations, while Wells Fargo fell short, cutting its net interest income forecast. BlackRock also reported record assets under management but saw its ...

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Thomas Matthew Crooks: What we know about the Trump attacker

 

Thomas Matthew Crooks is the man who shot at former US President Donald Trump during a campaign rally. Here’s what we know about him:

  1. Identity and Background:

    • Crooks, a 20-year-old nursing-home employee from Pittsburgh, Pennsylvania, was identified as the attacker.
    • He allegedly opened fire while Trump was addressing a crowd in Butler, Pennsylvania, leaving one audience member dead and two others critically wounded.
    • Crooks was shot dead at the scene by a Secret Service sniper.
    • Neighbors in his quiet hometown of Bethel Park are in shock, struggling to understand how a seemingly quiet young man could be involved in the shooting.
  2. Education and Political Affiliation:

    • Crooks graduated from Bethel Park High School in 2022, where he received a $500 prize for math and science.
    • State voter records show that he was a registered Republican.
    • He also donated $15 to the liberal campaign group ActBlue in 2021.
    • Crooks had not been carrying ID, so investigators used DNA to identify him.
  3. Weapon and Motive:

    • The weapon used to shoot at Trump was believed to have been purchased by Crooks’ father.
    • Suspicious devices were found in Crooks’ vehicle after the shooting.
    • Investigators are still probing his motive.

The incident shattered the nation’s illusion of security, and authorities continue to investigate the details surrounding the attack.

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