Trump's Reform Narrowly Passes the House of Representatives – Market Punishes US Fiscal Policy – new AI Model From Anthropic – Workday Weaker in After-Hours Despite Strong Figures – Intuit Significantly Exceeds Expectations

Despite the narrow success of Trump’s tax reform in the House of Representatives, the reaction on the US stock markets was muted. The major indices hardly moved on Thursday: the S&P 500 closed with a minimal loss of 0.04% at 5,842 points, the Dow stagnated at 41,859 points, while the Nasdaq gained slightly by 0.28%. Investors remained cautious due to the unclear impact of the reform on the federal budget. Nonetheless, the situation in the bond market eased somewhat: after the sell-off on Wednesday, yields stabilized – the ten-year US Treasury...