Bonds & Stocks
US stocks retreated from a disappointing forecast from Walmart Inc. and mixed corporate results. Gold set a fresh all-time high and Treasuries rose, with the 10-year benchmark yield falling two basis points to 4.51%.
Economy
Jobless claims showed unemployment applications were little changed last week, indicating solid demand for workers, with initial claims increasing by 5,000 to 219,000.
World
European capitals reacted with shock to Donald Trump’s abrupt turn against Ukrainian President Volodymyr Zelenskiy, seeking simultaneously to reassure Kyiv that it has the continent’s backing while trying to appeal to Washington.