#FOMCMeeting *According to the FedWatch tool from the CME Group, movements in the money markets indicate that traders expect a 48-basis-point rate cut by the end of 2025, with a 59% probability of a 25-basis-point cut in September.*

*Data released on Tuesday showed that U.S. retail sales in May declined more than expected. Retail sales fell by 0.9% last month, while economists polled by Reuters had forecast a 0.7% decrease.*

*Senate Republicans unveiled a revised version of President Donald Trump's comprehensive tax cut bill late Monday, which had already been approved by the House of Representatives in May.*

*The Senate's revision of Trump's tax plan includes a gradual phase-out of solar, wind, and energy tax credits by 2028, following which solar energy stocks declined.*

*Shares of Enphase Energy (ENPH.O) declined, while Sunrun (RUN.O), a producer of solar inverters, dropped by 21%, and SolarEdge Technologies (SEDG.O) fell by 31.3%. First Solar (FSLR.O) also slid nearly 17.6%.*

*Following the Senate's extension of nuclear energy tax credits through 2036, nuclear energy stocks saw gains. Oklo (OKLO.N) rose 5.2%, and Nano Nuclear Energy (NNE.O) climbed 4.3%.*

*Amid rising geopolitical uncertainty, investors sought traditional safe-haven assets. U.S. Treasury prices increased, pushing yields lower. The benchmark 10-year Treasury yield fell by about 5 basis points to 4.40%.*

*Other notable stock movements included Eli Lilly (LLY.N), which slipped 0.4% after agreeing to acquire Verve Therapeutics (VERV.O) for up to $1.3 billion. Verve's stock surged over 75%.*

*T-Mobile (TMUS.O) was impacted by a 4.3% drop in shares of Japan’s SoftBank (9984.T). According to a term sheet reviewed by Reuters, the company raised $4.8 billion by selling 21.5 million shares of the wireless carrier at $224 per share.*