US Stocks Experience Mixed Day as Key Interest Rate is Lowered

US Stocks Experience Mixed Day as Key Interest Rate is Lowered

In a day marked by mixed results, US stocks saw an overall decline due to significant losses in Tesla shares. However, Microsoft’s stock price reached a record high after climbing 0.8% on Thursday.

European Central Bank Adjustments

The European Central Bank made adjustments to its monetary policy on Thursday, lowering its key interest rate from 2.25% to 2%. The bank also trimmed its inflation expectation from 2.3% down to 2%.

Circle Internet Group’s IPO

The digital payments firm Circle Internet Group made headlines after raising $1 billion in an initial public offering (IPO). According to sources, the company was valued at around $13 billion following the IPO and saw its shares soar nearly fivefold in their first day of trading.

Market Outlook

Investors are closely watching for Friday’s jobs report. According to JPMorgan trading desk notes, they advise not to expect too much excitement from it—neither too hot nor too cold will be ideal.

US-China Trade Talks

US President Donald Trump reported a positive call with Chinese President Xi Jinping on Thursday, focusing primarily on trade issues. This conversation comes at a time of heightened tensions in global markets.

Microsoft CEO Satya Nadella expressed pride in the company’s milestone but did not comment on Tesla or US-China trade talks.

Trump stated, "I had a very good call with President Xi Jinping."

A spokesperson for Circle Internet Group did not comment when asked about their recent IPO success.

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