Exclusive footage from China Global Television Network (CGTN) on Sunday revealed the devastating impact of the 7.7-magnitude quake in Myanmar, with widespread destruction seen in Mandalay, the country's second largest city located near the epicenter.
Friday's violent quake reduced many buildings in Mandalay to rubble, forcing the affected locals to sleep in open air.
The death toll had risen to 1,700, with 3,400 people injured and approximately 300 people missing, said the country's State Administration Council on Sunday.
A total of 25 aftershocks had been recorded as of Sunday morning, with the magnitude ranging from 2.8 to 7.5.
Official media outlets including Myanmar Radio and Television (MRTV) reported that rescue teams and relief supplies from China, India, Singapore, Russia and Thailand arrived in Myanmar between March 29 and March 30.
Nurses, doctors and other medical personnel from foreign countries have been involved in the search and rescue mission, MRTV reported.
Footage reveals scope of devastation in Mandalay as quake death toll rises to 1,700
U.S. equities retreated on Tuesday as the fourth-quarter earnings season commenced with disappointing results from a major banking institution, overshadowed by ongoing policy debates and fresh inflation data.
The Dow Jones Industrial Average dropped 398.21 points, or 0.8 percent, to 49,191.99. The Standard and Poor's 500 fell 13.53 points, or 0.19 percent, to 6,963.74, and the Nasdaq Composite Index lost 24.03 points, or 0.1 percent, to 23,709.87.
The financial sector led the session's decline. JPMorgan Chase, the nation's largest lender, reported quarterly earnings that fell short of expectations, impacted by a 2.2 billion U.S. dollar hit related to its Apple Card partnership. Shares of JPMorgan plummeted 4.19 percent, while Goldman Sachs followed with a 1.2 percent decline.
The banking industry's performance faced further pressure from continued scrutiny of U.S. President Donald Trump's proposal to cap credit card interest rates at 10 percent. JPMorgan CFO Jeremy Barnum signaled potential industry resistance to the plan, which was put forward late last week.
Conversely, the energy and consumer staples sectors bucked the downward trend, gaining 1.53 percent and 1.08 percent, respectively. Seven of the 11 primary Standard and Poor's 500 sectors ended the day in positive territory despite the losses in the major indices.
On the economic front, the Bureau of Labor Statistics' consumer price index report showed that inflation in the United States remained steady in December 2025. The headline annual rate remained at 2.7 percent, while core inflation, which excludes volatile food and energy costs, rose 2.6 percent over the previous year. This core figure represents the lowest annual increase since early 2021.
According to the CME FedWatch Tool, the steady inflation and cooling labor market have led traders to expect the Federal Reserve to maintain interest rates at its upcoming meeting at the end of January, with the first of two projected rate cuts anticipated in June.
U.S. stocks close lower as earnings season kicks off
