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Markets on Wall Street inched slightly higher ahead of the release of more inflation data from the U.S. government. Futures for the Dow Jones Industrials and S&P 500 were each less than 0.1% higher before the bell Tuesday. Home Depot shares rose 1.8% in premarket after the home improvement chain beat profit forecasts but logged its third straight quarter of declining sales. Meme stocks jumped again after Monday's rally. The U.S. government will release its latest monthly update on wholesale inflation later Tuesday and consumer inflation on Wednesday. A report on U.S. retail sales also comes out on Wednesday.

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The United Nations says more than half a million Palestinians have been displaced in recent days by escalating Israeli military operations in both southern and northern Gaza. Aid workers are struggling to distribute dwindling supplies to Palestinians in makeshift tent camps facing catastrophic levels of hunger. The United Nations’ agency for Palestinian refugees says around 450,000 Palestinians were driven from the southern Gaza city of Rafah over the past week. The U.N. said Monday that 100,000 people were displaced so far by Israeli evacuation orders in northern Gaza. Israeli forces are battling militants in northern areas despite launching major operations earlier in the war. Palestinian officials say Israeli strikes in central Gaza killed at least 12 people overnight and into Tuesday.

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Voters across Maryland and West Virginia will decide key primary elections with big implications in the fight for the Senate majority this fall. At the same time, Democratic President Joe Biden and Republican rival Donald Trump hope to project strength in Tuesday's low-stakes presidential primaries. Further down the ballot, two congressional candidates on opposite sides of the 2021 Capitol insurrection serve as a stark reminder that the nation remains deeply divided over the deadly attack. In all, three states are hosting statewide primary elections Tuesday — Maryland, Nebraska and West Virginia — as Republicans and Democrats pick their nominees for a slate of fall elections.