Overview
- By 13:55 GMT, the Dow fell 0.43%, the S&P 500 dropped 0.90%, and the Nasdaq lost 1.26% as Wall Street eased from record levels.
- Revised second‑quarter GDP accelerated to 3.8% annualized and initial jobless claims declined to 218,000, pointing to firmer momentum.
- The U.S. 10‑year Treasury yield edged up to about 4.18% as traders marked down the odds of multiple near‑term rate cuts.
- European stocks ended modestly lower, with Paris’ CAC 40 down 0.41% to 7,795.42.
- Large tech names mostly weakened, while Lithium Americas surged on reports of potential U.S. government interest, Vranken‑Pommery entered exclusive talks to sell Heidsieck, and Carmat suspended trading before a court hearing.