US EditionWall Street Drifts as Tesla Drops and Yields Rise Following Economic Updates
- Wall Street showed mixed moves as Treasury yields rose to 4.25% on the 10-year note following mixed US manufacturing data in June.
- The rise in yields came amid renewed uncertainty about Trump's tariffs, set to take effect in about a week, and Congress debating tax cuts that may increase government debt.
- US employers advertised more job openings at the end of May, while manufacturing activity showed conflicting signals with shrinking output per the Institute for Supply Management and growth per S&P Global.
- Tesla shares fell 20% this year due to declining deliveries and market share losses despite Elon Musk’s statement that Tesla could become the most valuable company by monetizing autonomous ride-sharing technology.
- Economic uncertainty, tariff threats, and inflation risks continue to challenge markets, while some strategists observe euphoria among investors and Fed Chair Powell waits for more tariff impact data before resuming interest rate cuts.
Insights by Ground AI
Does this summary seem wrong?
37 Articles
37 Articles
All
Left
6
Center
18
Right
4
Sydney Morning Herald+3 Reposted by 3 other sources
ASX hits fresh record on rate cut hopes; Qantas dips, Domino’s tanks
The Australian sharemarket closed higher on Wednesday after retail sales rose less than expected in May, cementing expectations for another rate cut as soon as next week.
·Sydney, Australia
Read Full Article
Wall Street presents mixed movements in the early hours of Tuesday, amid the publication of relevant economic data in the United States.The Nasdaq reports a decrease of 1.15 percent, at 20 thousand 136.07 points, followed by the S&P 500 that drops 0.14 percent, at 6 thousand 196.07 integers, and for the Dow Jones case, it advances 0.97 percent, at 44 thousand 524.21 units.Among the most moving actions, Tesla's fell 5.2 percent after Trump attack…
·Mexico
Read Full Article
Coverage Details
Total News Sources37
Leaning Left6Leaning Right4Center18Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 21%
C 64%
14%
Factuality
To view factuality data please Upgrade to Premium
