Business & Market

Financial markets are ‘increasingly attuned to concerns about U.S. government creditworthiness,’ says one ING strategist.

Concerns about the U.S. economy following Moody’s credit rating downgrade also put a downward pressure on prices.

The good news for homebuyers is that prices have dropped.

Moody’s credit downgrade is understandable, ‘but the time is questionable,’ says Bob Lang, founder and chief options analyst at Explosive Options.

Affordability is at the ‘worst level yet this year’ amid higher prices and lower incentives, said Cox Automotive Chief Economist Jonathan Smoke.

A temporary U.S.–China trade truce and a series of U.S.–Middle East deals eased stagnation fears and drew bulls into the market.

‘If you are in the stagflation camp, these data aren’t confirming your thesis,’ one market expert said.

Stocks, crude oil, and Treasury yields pop on temporary tariff cuts.

The week’s winners were companies whose earnings exceeded analysts’ estimates, while pharmaceutical and health care stocks continued to decline.

Recent figures could signal weakness in the EV market in the coming months.