Hello readers,
Today, we witnessed significant market movements driven by political developments. In France, the far-right party's success in the elections led to a 1.1% surge in the CAC 40 index, reflecting a reduction in fear premium from government bonds. Meanwhile, in the U.S., rising Treasury yields indicated investor anticipation of a potential Republican sweep in November.
Chewy's shares experienced a 6.6% decline following the disclosure of a 6.6% stake by Keith Gill, impacting the stock's pre-market rally. Additionally, the Nasdaq Composite rose by 0.8%, the S&P 500 closed up by 0.3%, and the Dow Jones Industrial Average gained 0.1%.
Furthermore, Disney's expansion in the cruise business amid a rough patch for its theme parks and the impact of consumer spending patterns on food and household goods companies were notable market events.
For more detailed insights and analysis on these market movements, check out the full article.
Best,
Daniel Silva
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