Market Overview - Precious metals, including Gold and Silver, experienced significant declines after a strong rally, with Gold Continuous Contract down 5.35% and Silver Continuous Contract down 7.8% at NYMex [2] - Spot Silver faced an 8.7% drop, marking its largest decline since 2021, while Spot Gold fell 6.3%, the worst one-day drop since April 2013 [3] Stock Market Performance - U.S. markets opened mostly flat, with the Dow up 0.09% and S&P 500 up 0.04%, while Nasdaq declined by 0.05% and Russell 2000 fell 0.51% [4] Company Highlights - General Motors saw a significant increase in stock price by 11% after raising its full-year profit guidance despite facing a steep tariff bill [5] - GM's adjusted earnings per share and automotive free cash flow are expected to exceed previous forecasts, with tariff costs now estimated between $3.5 billion and $4.5 billion, down from $4 billion to $5 billion [6] - GM reported a year-over-year vehicle sales increase of 8% to 710,347 units, making it the best-selling brand in America and achieving the best market share in eight years [6] - Other companies mentioned include RTX Corp, which rose by 4.8%, while PulteGroup and Northrop Grumman saw declines of 2.53% and 2.16%, respectively [7]
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