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Tech Jitters and Fed Uncertainty Weigh on Markets

U.S. stocks slipped as a pivotal week began, with investors bracing for a wave of Big Tech earnings and the Federal Reserve’s upcoming policy decision. The Dow, S&P 500, and Nasdaq all edged lower, reflecting a cautious mood across markets. The pullback follows a choppy stretch for equities, as major indexes have struggled to regain momentum amid shifting expectations for interest‑rate cuts and ongoing geopolitical concerns. Tech stocks, in particular, have been under pressure after consecutive weekly declines, raising the stakes for earnings reports from industry giants. Apple, Microsoft, Meta, and Tesla are all set to report in the coming days, and their results could determine whether the sector reclaims leadership or continues to drag on broader market performance. With the Fed meeting approaching, traders are looking for clarity on the central bank’s rate‑cut timeline. Until then, many appear content to stay on the sidelines as uncertainty hangs over the week ahead.
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Washington Will Feel Like 107°F as Heat Grips US: Weather Watch

 

The relentless heatwave continues to affect large portions of the US, with cities and towns across the East Coast, Midwest, and lower Mississippi River valley experiencing sweltering temperatures. 

Washington, D.C., is forecasted to reach 100°F (37.8°C) on Monday, but the heat index—factoring in humidity—will make it feel closer to 107°F. Similarly, Philadelphia will hit 97°F on Monday and 100°F on Tuesday, with humidity intensifying the heat. Central Park in New York City is expected to reach 95°F, feeling like 99°F due to humidity. Chicago will also be hot, with temperatures rising to 93°F but feeling like 102°F.

In addition to discomfort, this extreme heat can impact transportation, cause airline delays, and increase energy consumption. Across the US, 25 weather stations have the chance to break records, including Ronald Reagan Washington National Airport in Virginia. Meanwhile, the West faces the risk of dry lightning, which could escalate wildfire danger in Northern California, southern Oregon, Nevada, Idaho, Wyoming, and Utah.

Stay hydrated and take precautions during this scorching weather!


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