US equities dropped as policy uncertainty and softer macroeconomic data affected markets, with the S&P 500 hitting a six-month low and the NASDAQ 100 entering correction territory. International equities performed better, highlighted by Germany's debt policy changes, which influenced bond yields and the euro. The US yield curve bull steepened amid expectations of Fed rate cuts, and commodities experienced mixed outcomes with crude oil prices falling and gold rising. Economic data showed impacts from new federal policies, including a slight dip in the ISM manufacturing index and an increase in monthly layoffs primarily among federal workers.

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