ISM Sees Manufacturing Remaining Robust, Pushing Up Input Prices
ISM Manufacturing Index indicates expansion for ninth month — longest since 2022 — but prices paid jump 6.8 points to the highest since May.
Initial Jobless Claims Remain Near 57-Year Lows; Continuing Claims a 3-Year Low
Initial unemployment claims held below 200,000 for a third straight week (only ninth week since 1969), while continuing claims dropped to their lowest since March 2023.
Job Cuts Hit 4-Year Low but September Hiring Plummets
September job cuts fell, but hiring plans were the least for the month since 2011.
Cool Inflation Print Overshadowed by Rising Yields as Stocks Stumble Into Quarter-End
A cooler-than-expected core PCE lifted stocks early, but a rebound in yields and a sharp final-hour selloff left the Nasdaq as the lone gainer on the day and month.
Core Inflation Moderates While Real Spending Jumps
Core and headline PCE prices cut by annual benchmark revision. Spending jumps even as real incomes turned negative, pulling the saving rate to the least since Nov. 2022.
Job Growth Rebounds to 3-Month High as Manufacturing Hits Four-Year High
ADP’s gauge of private payrolls beat expectations on a rebound in goods producers.
Consumer Confidence Plummets to 12-Year Low
The Conference Board’s consumer confidence index falls to the lowest since April 2014, breaking the pandemic low, as the labor market differential drops to its weakest since early 2021.
Equity Indices End Lower, But Bounce on Hopes For More Restrained Fed
Major indices were down for a second session Tuesday but finished well off the lows after a key Fed voice said there’s “no need for urgency” on rate hikes.
Job Openings, Quits, and Layoffs All Fall in August
A collapse in small business openings sees headline openings fall to the least since March of this year, but layoffs drop to the least since March 2025.
Resurgent Yields Drive Stocks Lower to Start the Week
Bond yields hit fresh multi-year highs, while oil whipsawed on Iran headlines, sending the S&P 500 into the red for September.