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.
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.
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.
OpenAI’s DevDay, Oura postpones IPO, Boeing’s 737 MAX 10 delay, and other headlines moving the market this morning.
Bond yields hit fresh multi-year highs, while oil whipsawed on Iran headlines, sending the S&P 500 into the red for September.
We face additional headwinds this week, but I also continue see many reasons to be bullish.
Final September UMich read shows consumer sentiment sinking to a four-month low as inflation expectations rise.
Rumors of a potential deal to open the Strait of Hormuz lifted stocks out of the red, but another rise in yields and oil prices kept them under pressure.
August new home sales beat every forecast on a shift to lower priced homes. The average new home price fell $47,700 in a single month, the largest dollar drop on record.
A jump in yields to fresh multi-year highs cascaded through markets Wednesday.
‘US business continues to boom…..the latest survey data point to annualized growth of around 5% with a 4% gain now signalled for the third quarter as a whole.’