Market Overview - US stock market closed lower, with the Dow Jones down 243.36 points (0.52%) at 46,358.42, the Nasdaq down 18.75 points (0.08%) at 23,024.63, and the S&P 500 down 18.61 points (0.28%) at 6,735.11 [4] - The Nasdaq and S&P 500 indices reached intraday historical highs before retreating [2] Federal Reserve Insights - Federal Reserve's Williams supports further interest rate cuts within the year to address potential labor market slowdowns [6] - Fed Governor Barr emphasizes caution regarding further rate cuts, focusing on inflation risks while acknowledging vulnerabilities in the labor market [7] Tesla Investigation - Approximately 2.9 million Tesla vehicles with Full Self-Driving (FSD) may have safety issues, leading to a federal investigation [10] - Reports indicate that FSD has been linked to multiple accidents, including running red lights and other traffic violations [10] Ferrari Stock Performance - Ferrari's stock plummeted 15%, marking its worst trading day since going public [16][17] - The company updated its revenue guidance for the year to exceed €7.1 billion, slightly above the previous target of "not less than €7 billion" [20] - For 2030, Ferrari anticipates revenue of €9 billion and adjusted EBITDA of at least €3.6 billion, indicating a compound annual growth rate of 6%, which is lower than the previously suggested 10% [21][22]
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