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North American Morning Briefing: Concerns About Inflation, Interest Rates Persist

Markets were under pressure on Thursday due to rising bond yields, with concerns over a strong reading from the ISM services index, which indicates possible tightening policy from the Federal Reserve. Weak data from Europe and China also pressured stocks and currencies. Tech stocks, including Apple, Nvidia, and Tesla, fell in early premarket trading alongside ChargePoint and GameStop. However, WestRock shares rose on news of a potential merger with Smurfit Kappa, and UiPath’s second-quarter earnings exceeded expectations.

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