U.S. stocks ran up to the edge of another record. The S&P 500 rose 0.8% Thursday and is just 0.05% below its all-time closing high, which was set in February. The Dow Jones Industrial Average rallied 0.9%, and the Nasdaq gained 1%. McCormick helped lead the market after the seller of cooking spices delivered a better-than-expected profit report. Treasury yields eased in the bond market following a couple of better-than-expected reports on the U.S. economy, including jobless claims and orders for long-lasting manufactured goods. Stock indexes were mixed across much of Europe and Asia.
Senators are emerging from a classified briefing with sharply diverging assessments of President Donald Trump’s bombing of three Iranian nuclear sites. Republicans called the mission a clear success, while Democrats expressed deep skepticism. The briefing Thursday was given by CIA Director John Ratcliffe, Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Joint Chiefs of Staff Chairman Dan Kaine. It comes as questions swirl about the effectiveness of the attack and what’s ahead for America’s military involvement in the Middle East. Senators are also weighing their support for a resolution affirming that Trump should seek authorization from Congress before launching more military action against Iran.
The Supreme Court says states can block the country’s biggest abortion provider, Planned Parenthood, from receiving Medicaid money for health services such as contraception and cancer screenings. Planned Parenthood says the court's Thursday ruling will hinder access to certain kinds of care for 1 million patients in South Carolina and could allow for wider funding cuts in other states. South Carolina's Republican governor, Henry McMaster, applauds the court's ruling. South Carolina argued no public money should go to Planned Parenthood, even if it’s not paying for abortions. The White House says the ruling underscores President Donald Trump’s position that states should determine abortion policy.
Pentagon leaders have laid out new details about military tactics and explosives to bolster their argument that U.S. attacks had destroyed key Iranian nuclear facilities. But at a Pentagon briefing Thursday, little more emerged on how far back the bombing had set Tehran’s atomic program. Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine tried to shift the debate from whether the nuclear targets were “obliterated” as President Donald Trump has said. Hegseth was asked whether Iran's highly enriched uranium was moved before the weekend strikes. He said the Pentagon is looking at the intelligence to ensure “we have a sense of what was where.”
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