Bonds & Stocks
Wall Street staged a comeback as dip buyers emerged, lifting stocks amid renewed enthusiasm over artificial intelligence and bets that a solid economy will keep powering Corporate America. The S&P 500 rose 0.9%. The yield on 10-year Treasuries declined one basis point to 4.52%.
Economy
International Monetary Fund Managing Director Kristalina Georgieva said that after facing crisis upon crisis in recent years, the world needs to build foundations that can withstand shocks that have become more frequent.
World
Iran signaled an end to its current military operations against Israel just after US President Donald Trump said the two sides were looking to agree to an immediate ceasefire following a series of tit-for-tat strikes that threatened to derail talks aimed at ending the war in the Middle East.