Top 5 things to watch in markets in the week ahead
Investing.com -- With an eleventh-hour deal reached to avert a U.S. government shutdown investors will be focusing on U.S. jobs data and speeches by Federal Reserve head Jerome Powell and...
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In taking Karabakh, Azerbaijan's president avenged his father
By Andrew Osborn (Reuters) - Early on September 19, Azerbaijan's president set in motion a lightning-fast military plan months in the making that would redraw the geopolitical map and...
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US stock market’s powerhouses tested by soaring bond yields
By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) - Surging bond yields are rattling U.S. stocks, and some investors worry the richly valued shares of giant technology and growth...
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Stock market sees mixed movements, indices record losses in September and Q3 2023
The stock market witnessed a mixed performance on Friday, with the Dow Industrial Average dropping by 157.50 points and the S&P index declining by 11.46 points, while the NASDAQ index rose...
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Energy sector outperforms S&P 500 amid August's inflation drop
Adam Turnquist of LPL Financial (NASDAQ:LPLA), during a recent appearance on Yahoo Finance Live, highlighted the energy sector's strong performance in relation to the S&P 500 Index (^GSPC)....
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Biden angers all sides with scaled back offshore oil drilling plan
By Nichola Groom and Jarrett Renshaw (Reuters) -The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on...
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S&P 500 turns negative as government shutdown looms
Investing.com -- The S&P 500 turned negative Friday, as concerns about the impact of a government shutdown forced stocks to give up gains following data showing easing inflation. The S&P...
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Federal Reserve’s Favored Inflation Metric Sees Moderate Rise in August
The Personal Consumption Expenditures (PCE) index, a key inflation metric favored by the Federal Reserve, registered a moderate rise of 0.4% month-over-month and 3.5% year-over-year in...
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Fed’s Williams Anticipates Prolonged Restrictive Monetary Policy to Curb Inflation
John C. Williams, president of the Federal Reserve Bank of New York, stated on Friday that the Fed is near or at the peak level of the target range for the federal funds rate, though he...
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S&P 500, Nasdaq gain as softer PCE data supports rate-pause hopes
By Shashwat Chauhan and Shristi Achar A (Reuters) -The S&P 500 and the Nasdaq rose on Friday after a softer-than-expected reading on a crucial inflation metric kept alive hopes of a pause...
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Inflation Data Boosts Us Stock Futures, Markets Optimistic on Potential Pause in Rate Hikes
On Friday, U.S. stock index futures saw an extension in gains following the release of softer-than-expected inflation data. The report, which revealed a less-than-anticipated rise in the...
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Fed’s Messaging Impacts Dollar, Treasury Yields, and Gold Outlook
The U.S. dollar and 10-year Treasury yields are poised to record their most impressive quarters in the last four years, reflecting the market response to the Federal Reserve's indication of...
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U.S. stocks rise after better than expected monthly inflation data
Investing.com -- U.S. stocks were rising on Friday, the final trading day of the month and quarter, as better than expected monthly inflation readings cheered investors. At 11:12 ET (15:11...
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Eurozone Inflation Slows Amid Ecb’s Interest Rate Hikes
Inflation in the Eurozone has slowed to its lowest level in two years as of September, indicating that the European Central Bank's (ECB) successive increases in interest rates are...
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Fed’s Inflation-Fighting Tool Risks Deepening Racial Wealth Gap
The Federal Reserve's policy-setting meeting held in late September 2023 ended with the decision to maintain current interest rates, with a potential increase before 2024. The Fed aims for a...
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Rising treasury yields, oil prices impact U.S. economy and S&P 500 earnings
The U.S. economy faces a challenging landscape as record-high Treasury yields and escalating oil prices, due to Russia's conflict with Ukraine, continue to exert pressure. The value of the...
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U.S. stocks are rising after better than expected monthly inflation data
Investing.com -- U.S. stocks were rising on Friday, the final trading day of the month and quarter, as better than expected monthly inflation readings cheered investors. At 9:47 ET (13:47...
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S&P 500 Set for Decline Amid Rising Interest Rates and Economic Pressures
The S&P 500 is poised for a downturn due to a combination of high interest rates and various economic pressures, which include the threat of a government shutdown, autoworker strikes, and...
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Marketmind: Spiky quarter ends in uneasy market calm
A look at the day ahead in U.S. and global markets by Mike DolanWith one eye on a key U.S. inflation update for August later on Friday, world markets limped to the end of a poor third...
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U.S. stock futures rise ahead of expected inflation drop and personal income report
U.S. stock futures showed an upward trend on Friday, signaling investor optimism as the market anticipates a decrease in inflation below 4% for the first time in two years. This positive...
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Wall St ends higher as investors digest economic data ahead of inflation report
By Lewis Krauskopf, Ankika Biswas and Shashwat Chauhan(Reuters) - Wall Street's main indexes ended higher on Thursday as investors assessed the latest batch of economic data and as a surge...
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Nike Earnings Beat Estimates Despite Missing Revenue Targets, Nasdaq Ends September With Worst Monthly Performance Since December
Nike (NYSE:NKE)'s earnings report, released on Thursday, showed a beat on earnings-per-share estimates, coming in at $0.94 against the projected $0.75. However, the company fell slightly...
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Traders wary of volatility as JP Morgan fund's big options trade looms
By Saqib Iqbal AhmedNEW YORK (Reuters) - A $16 billion JP Morgan fund, expected to reset its options positions on Friday, is drawing traders' attention as a potential source of additional...
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S&P 500 rides tech higher as yields pause rally ahead of Powell, inflation data
Investing.com -- The S&P 500 jumped Thursday, led by big tech as Treasury yields took a breather ahead of speech from Federal Reserve Jerome Powell and key inflation data slated for...
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U.S. stocks are rising as Congress races to avert a looming government shutdown
Investing.com - U.S. stocks are heading higher into the final days of the month and quarter, as a government shutdown looms. At 11:28 ET (15:28 GMT), the Dow Jones Industrial Average was up...
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Steady U.S. economic growth persists despite consumer spending revision
The U.S. economy maintained a stable 2.1% annual growth in Q2, despite a downward adjustment of consumer spending, according to data released on Thursday. This steady growth is reflected in...
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Us Corporate Bonds Swing to Loss Amid Fed’s Rate Hike Determination
US investment-grade bonds have swung into a loss for the year as the Federal Reserve's commitment to raising interest rates to counter inflation impacts debt markets. The Bloomberg US...
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U.S. stocks are wobbling as investors worry about a looming government shutdown
Investing.com - U.S. stocks were wobbling heading into the final days of the month and quarter, as a government shutdown looms. At 9:53 ET (13:53 GMT), the Dow Jones Industrial Average was...
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S&P 500 spirals as interest rates and economic headwinds rattle investors
The S&P 500 has seen a downturn in recent days, shedding about 3% since the Federal Reserve indicated that interest rates are likely to remain elevated for longer than initially anticipated....
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Accenture's fiscal Q4 earnings surpass expectations, revenue misses amid weak bookings
Accenture (NYSE:ACN), the Dublin-based global tech services and consulting firm, reported its fiscal fourth-quarter earnings on Thursday that exceeded Wall Street's expectations, while the...
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Marketmind: Oil spike delivers coup de grace to dire Q3
A look at the day ahead in U.S. and global markets by Mike DolanA crude oil price spike to the highest of the year delivered a final blow to an ailing third-quarter for world markets and...
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AES Corp. shares edge higher amidst volatile market
AES (NYSE:AES) Corp.'s shares experienced a slight uptick on Wednesday, registering a 0.44% increase to $15.93, outpacing competitors in an unpredictable market. The S&P 500 Index saw a...
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Cincinnati Financial Corp. shares continue downward trend, underperforming competitors
Shares of Cincinnati Financial Corp (NASDAQ:CINF). continued their downward trend on Wednesday, marking the fifth straight day of losses. The stock fell by 0.48% to close at $104.70 in a...
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Truist Financial shares dip amid market fluctuations, Q4 earnings awaited
Shares of Truist Financial Corporation (NYSE:TFC) closed at $27.97 on Thursday, marking a 0.99% decrease in the last trading session. This performance contrasted with the broader market's...
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