Current Trends in the U.S. Stock Market: July 2024 Sanvan Bhandari 10:03 Monday, July 29, 2024 (GMT+2) The U.S. stock market is seeing significant volatility as July 2024 progresses. Earnings reports from major tech companies like Tesla and Alphabet have disappointed investors, leading to a sharp sell-off in Big Tech stocks and a 3.5% drop in the Nasdaq, marking its worst day since 2022. Despite this, the market has shown robust overall performance in 2024, with the S&P 500 up 18.8% year-to-date. This growth has been driven by strong AI-themed stocks and a surge in electric vehicle (EV) makers. Chinese EV maker Nio, for instance, reported record deliveries in June, boosting shares of rivals like Tesla and Rivian, with the latter securing significant investment from Volkswagen. Market analysts remain cautious about future trends, noting potential weakening in buying pressure as indicated by technical markers. Economic data, such as a recent decrease in jobless cl...
Unprecedented Disruption: Paris Train Arson Attacks Amid Olympic Excitement Sanvan Bhandari 09:51 Monday, July 29, 2024 (GMT+2) As the world converges on Paris for the 2024 Summer Olympics, the city of lights finds itself grappling with a wave of disruption. In a shocking turn of events, coordinated arson attacks on the high-speed rail network have thrown travel plans into chaos, highlighting vulnerabilities and sparking widespread concern. A Dark Dawn for the City of Lights In the early hours of July 26, arsonists targeted critical railway infrastructure, setting fires that wreaked havoc on high-speed train lines connecting Paris with key cities like Lille and London. These fires, strategically set to cause maximum disruption, left travelers stranded and the transport network in disarray. Immediate Impact on Travelers The fallout from these attacks has been severe. Thousands of passengers found themselves stuck in trains for hours, some without access to water, restrooms, ...