"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."
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.
Read at 24/7 Wall St.
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