U.S. stocks and government bonds rallied, with the S&P 500, Nasdaq and Dow advancing 1.6%, 2.6% and 0.2%, respectively, while the yield on the 10-year Treasury note fell to 4.107%.
The Fed’s Powell said officials could cut interest rates at their meeting in September, moving closer to a new phase that seeks to avoid weakness in the labor market amid signs inflation is heading lower.
Meta Platforms is running ads on Facebook and Instagram that steer users to online marketplaces for illegal drugs, months after The Wall Street Journal reported that the social-media giant was facing a federal investigation over the practice.
One of the men killed, Ismail Haniyeh, was the strongest voice within a divided Hamas advocating for a cease-fire with Israel, clashing at times with other officials of the group in heated discussions since the war in Gaza began.
