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Moody's Warns on U.S. Fiscal Strength. Should Investors Be Worried?
Consumer confidence reignites economic concerns, the US stock market's rising trend fades, US bonds rebound, the China concept Index falls for six consecutive days, and Copper reaches a historical high.
The three major U.S. stock indices briefly turned down, but the S&P and Nasdaq ended with slight gains. Among the Magnificent 7, only NVIDIA fell, while Tesla rose over 3%; after the Earnings Reports, nuclear energy stock Oklo dropped over 6%; Trump's media company rose nearly 9%. Following consumer confidence, U.S. Treasury yields refreshed their daily lows. The USD ended a four-day winning streak. Crude Oil Product turned down during trading; Gold reversed two consecutive losses; London Copper closed above 0.01 million dollars, hitting a nearly ten-month high.
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