The U.S. economy showed signs of stability with low jobless claims but also faced challenges from slowing productivity and high long-term interest rates, while corporate earnings were dominated by a massive rally for AI-software firm Datadog. In the consumer sector, McDonald's stock rose on a successful value-driven strategy, which contrasted sharply with appliance maker Whirlpool, whose shares plunged after a surprise loss and a suspended dividend. The markets were also influenced by falling oil prices on hopes of a U.S.-Iran peace deal and the emergence of new details on the landmark SpaceX IPO, which will grant founder Elon Musk unprecedented control while curbing shareholder rights.

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