Drifts

• Approximately 50,000 people from over 100 countries gathered in Britain for the 60th convention of the nation's largest Muslim organization. • The event focused on calling world leaders to prioritize justice and peace over the strategic interests of powerful states to prevent a devastating global war. • Discussions centered on urgent international crises, specifically highlighting the ongoing conflicts in Gaza and Ukraine.

• Wall Street experienced a quiet day of trading as major indices drifted, showing little overall movement. • Artificial intelligence stocks began to stabilize, trimming some of the sharp losses they suffered during the previous week. • This shift suggests a period of consolidation for AI-driven equities after a volatile stretch of investor sell-offs.

• Wall Street experienced mixed trading as AI-related stocks, including a surging Micron, offset losses from Apple following the company's decision to hike product prices. • New economic data revealed that U.S. consumer inflation accelerated to 4.1% last month, up from 3.8% in April, driven largely by earlier spikes in oil prices. • Despite the increase, the inflation figure aligned with economist expectations, preventing a broader market sell-off.