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Stock Market Stumbles Post-Christmas as Investors Eye Jobs Data

                                                  U.S. stock futures fell Thursday as trading resumed after the Christmas holiday, with Wall Street bracing for the release of weekly jobless claims data. Futures tied to the S&P 500 and Nasdaq declined by 0.3%, while Dow Jones Industrial Average futures dropped 0.4%. The market's struggle to extend the "Santa Claus rally" saw major indexes like the S&P 500 and Nasdaq nearing record highs after recovering from a Fed-fueled dip last week. Investors are now keenly awaiting the jobless claims report, which has taken on greater significance in the absence of other economic data this week.
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Israel Bombards Central Beirut Ahead of Ceasefire Vote with Hezbollah

 

Israeli warplanes struck central Beirut and the city's southern suburbs on Tuesday, raising plumes of smoke over the Lebanese capital. This escalation comes as Israel's security cabinet prepares to vote on a U.S.-brokered ceasefire proposal aimed at ending more than a year of fighting with Hezbollah.

The proposed ceasefire deal calls for a two-month initial halt in fighting and requires Hezbollah to end its armed presence in a broad swath of southern Lebanon. In return, Israeli troops would withdraw to their side of the border. Thousands of Lebanese troops and U.N. peacekeepers would deploy in the south, with an international panel headed by the United States monitoring compliance.

Despite the diplomatic efforts, Israeli jets targeted at least six buildings in Beirut's southern suburbs, including areas near the country's only airport. The strikes are part of Israel's ongoing campaign to cripple Hezbollah's military capabilities.

Israeli Defense Minister Israel Katz emphasized that the military would act with "great force" if the U.N. peacekeeping force, known as UNIFIL, fails to enforce the ceasefire effectively. The European Union's top diplomat, Josep Borrell, stated that Israel's security concerns had been addressed in the U.S.-French-brokered deal.

The outcome of the cabinet vote could significantly impact regional stability, with hopes that the ceasefire will bring an end to the conflict and reduce tensions between Israel and Hezbollah.


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