- US stock market had an uneventful day with little change in major indices
- Chinese tech stocks and defense contractors were hit hard due to debt ceiling debate
- Tesla stock was down 2.4% after raising prices in the US for the third time in a month
- First Solar was the biggest gainer in S&P 500, up 26.5%, due to additional tax credits for clean energy manufacturers who source components from the US
- Music streaming services are facing challenges from AI-generated fake songs and click factories
- Most Asian stock markets made modest gains, with utilities and consumer staples performing well
- Lady R debacle has been de-escalated, and South Africa’s neutrality on Ukraine could provide some leverage in upcoming summits
- Market is uncertain, and investors are looking for safe places to invest
