Bonds & Stocks
Stocks rebounded as Wall Street waded through a fresh batch of earnings reports. Treasuries saw mild moves ahead of a $42 billion sale of 10-year bonds. The dollar fell. The S&P 500 edged up after a slide fueled by economic worries. Apple Inc. climbed 1.5% as President Donald Trump is set to announce the firm will commit to another $100 billion investment on domestic manufacturing.
Economy
Federal Reserve Bank of Minneapolis President Neel Kashkari said a slowing of the US economy may make an interest-rate cut appropriate in the near term, and he still sees two cuts by year’s end. The Minneapolis Fed chief added that tariffs still represent a significant uncertainty and it’s unclear what impact they’ll have on inflation.
World
Israel has the support of the US to make “tough decisions” as it considers whether to completely occupy Gaza in an attempt to destroy Hamas, with Washington’s envoy to Jerusalem saying President Donald Trump is fed up with fruitless efforts to clinch a ceasefire.