The OECD has significantly lowered its GDP growth forecasts for the U.S., projecting a decline to 1.6% in 2025 and 1.5% in 2026 despite a previous growth rate of 2.8% in 2024. This has caused investor concerns, particularly as global growth remains higher at 3.3% in 2025. In contrast, Constellation Energy made headlines by securing a 20-year nuclear power agreement with Meta, resulting in a notable stock increase. Other market movements included Dollar General's shares soaring after positive earnings reports, while Jefferies downgraded Rio Tinto's stock based on various financial concerns.
The OECD lowered growth forecasts for the U.S. economy, predicting a decline from 2.8% in 2024 to just 1.6% this year and 1.5% in 2026.
Constellation Energy announced a 20-year agreement to supply Meta with nuclear power, boosting investor sentiment and increasing Constellation's stock value by approximately 7%.
Dollar General shares rose by 10% after the company exceeded earnings expectations, reporting a profit of $1.78 per share and $10.4 billion in sales.
Jefferies downgraded Rio Tinto's stock due to concerns about geopolitical factors and capital allocation, reflecting a cautious outlook in the mining sector.
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