Tech-Led Rally Lifts S&P 500 To Best Day Since Early August
Stocks and bonds rallied together Thursday after having fallen in unison the day before following a hawkish Fed decision, helped by oil prices easing back for a second day.
Housing Starts, Permits Fall on Multifamily Weakness
Both starts and permits fell in August, but the headline masked the a multifamily giveback underneath.
Unemployment Claims Drop to Near 57-Year Lows
Initial unemployment claims fall back under 200,000 for only the 8th time since 1969 and continuing claims declined to their second-lowest level since May 2023.
Markets Change Tack After Sleeping on it
Equities are starting the Thursday session with a strong tech-led rally aided by investors scooping up treasuries.
A Hawkish Fed Does Little To Soothe Markets
The S&P 500 falls for the 7th time in 8 sessions straining against key downside levels as a more hawkish than expected Fed does little to soften expectations for higher volatility in stock and bond markets.
U.S. Homebuilder Sentiment Drops to Joint-Least Since 2022
NAHB Housing Market Index comes in below the 50 dividing line between poor/good conditions for a 29th consecutive month, and below 40 for a 17th straight month, the longest such stretch since 2012.
Blowout Retail Sales Report Shows Consumers Continue to Consume
Core retail sales at the strongest since 2024 will be a boost to Q3 GDP estimates and should alleviate concerns about consumer spending.
Stocks See Modest Gains Ahead of the Fed
A very strong retail sales report along with easing bond yields and oil prices are giving a modest lift to stocks as they await a pivotal FOMC decision.
A Thin Margin For Error Ahead of the FOMC
Equities fall for 6th time in 7 sessions bringing key downside levels closer as breadth deteriorates, oil approaches 4-year highs and long-term yields hit the highest in nearly two decades
Equities Remain Under Pressure As 10-Year Yield Hits 19-Year High
A bounce in AI names is helping offset pressure from a continued rise in bond yields and oil prices.