## Market & Economy
**Wall Street’s Calm Close After Another Winning Week**
U.S. stock markets paused after another strong week:
* The **S\&P 500** dipped 0.3% from its all-time high, closing slightly lower.
* The **Dow Jones** flirted with its record before ending with a modest 0.1% gain.
* The **Nasdaq** slipped 0.4% but remains near its record levels.
([AP News][1])
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### Weather Watch
**Hurricane Erin Intensifies in the Caribbean**
Erin has rapidly strengthened into a **Category 3 hurricane**, with projections indicating further escalation over the weekend. Forecasters say the threat to the U.S. East Coast and the Bahamas is "gradually decreasing," though vigilance remains essential.
([Yahoo][2])
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### Earthquakes
**5.4-Magnitude Earthquake Rocks Near Queensland, Australia**
A magnitude 5.4 quake struck near Queensland at a shallow depth of 10 km (6.2 miles). The European-Mediterranean Seismological Centre confirmed the event—no further details yet on damage or casualties.
([Hindustan Times][3])
---
### Geopolitics & Global Affairs
**Post-Summit Fallout: Zelensky to Meet Trump Amid Alaska Summit Aftermath**
* The Trump–Putin summit in Alaska concluded without a ceasefire or peace agreement.
* Ukrainian President **Volodymyr Zelenskyy** is slated to meet President **Donald Trump** in Washington on Monday. European leaders are offering stronger security guarantees to Ukraine, including a proposed clause similar to NATO’s Article 5.
([The Guardian][4], [Reuters][5])
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### **Quick Recap**
| **Category** | **Highlight** |
| -------------------- | ----------------------------------------------------------- |
| **Markets** | Modest pullback after strong weekly gains |
| **Weather** | Hurricane Erin intensifies—threat easing but not eliminated |
| **Seismic Activity** | Earthquake near Queensland, Australia (Magnitude 5.4) |
| **Global Affairs** | No deal in Trump–Putin talks; Zelenskyy to meet Trump in DC |
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