The Wall Street holds steady near its record highs, while surprisingly weak US retail sales cement bets on a Fed rate pause, and the DAX re-aims its own best record - driven by SAP's takeover speculation surrounding Workday, while Energiekontor plummets by 17% following a profit warning - Nubank hits the billion-dollar profit mark for the first time, Reddit sparks a stock surge with its S&P 500 ascent, and NVIDIA builds for its 2028 chip platform ahead of its earnings
Reading Time: 11 minutes
USA & MACRO-OUTLOOK The indices continue to oscillate just below their all-time highs As the week comes to a close, Wall Street is in a holding pattern near its record highs, managing to stay just above water: The S&P 500 slips slightly by -0.11%, while the Nasdaq 100 is down by -0.15% – however, this cannot be characterized as true weakness. The indices continue to oscillate just below their all-time highs – the broader market is on track for its third consecutive week of gains, the longest streak since May. The driver of this...
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