Overview
- The second upward revision put U.S. second‑quarter GDP growth at a 3.8% annualized pace, driven by firmer consumer spending.
- August durable goods orders rose 2.9% and initial jobless claims fell to 218,000, with the 10‑year Treasury yield edging up near 4.17%–4.18%.
- Major indexes eased as the S&P 500 and Nasdaq each fell about 0.5% Thursday and the CAC 40 closed down 0.41%.
- Traders scaled back expectations for multiple additional Fed rate cuts this year as officials sent mixed signals, with two quarter‑point moves still tracked by CME FedWatch.
- Lithium America jumped again on press reports the U.S. government may seek a stake, Amazon agreed to a $2.5 billion Prime‑sign‑up settlement, Vranken‑Pommery opened exclusive talks to sell Heidsieck to Lanson‑BCC, Carmat halted trading ahead of a Sept. 30 hearing, and Starbucks said it will cut 900 jobs and close stores.