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 Earnings 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

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...