Stocks end higher to snap four week losing streak
Wall Street closed up as the S&P 500 gained 0.1 percent, Nasdaq rose 0.5 percent, and Dow edged 0.1 percent. Tech shares recovered late, led by Apple up about 2 percent and Microsoft up 1.1 percent, while Nvidia fell 0.7 percent. Major movers included Nike down 5.5 percent and FedEx down 6.4 percent amid tariffs, inflation, and growth concerns. London Heathrow outage disrupted travel, with airline shares mixed.
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Trump unveils Boeing NGAD fighter contract at White House
President Trump announced Boeing will build the Air Force NGAD fighter, touted as highly stealthy with deep penetration for potential conflicts with China. Initial $20 billion production contract aims for a manned F-47, with drone wings and AI upgrades planned. critics warn of cost and uncertain need amid ongoing F-35 and B-21 programs.
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Battery maker scales back market share expectations
Troy Michigan The president in North America of General Motors Co s electric vehicle battery partner says 50 percent penetration of EVs in the United States by 2035 is an aggressive target as investments slow amid shifting policy. LG Energy Solution s Bob Lee cites tariff uncertainty and a reevaluation of subsidies by a new administration, forecasting slower, steadier EV growth and industry consolidation.
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