Oil Back on the Rise Ahead of Iran’s U.N. Address: 8 Key Items Shaping the Stock Market Wednesday
September Flash PMI, Zuckerberg’s Meta Connect keynote, and other headlines are moving the market this morning.
September Flash PMI, Zuckerberg’s Meta Connect keynote, and other headlines are moving the market this morning.
A sixth day of gains for semiconductors drives the Nasdaq-100 to its first record since June while a fifth day of losses for crude boosted small caps
Tech’s continued rebound along with falling oil prices and Treasury yields drove a powerful rally to start the week.
August’s Chicago Fed National Activity Index matched expectations, with the three-month average — the report’s key signal — signaling slightly above trend growth.
Pending home sales rose slightly in August but are down nearly 5% from a year ago and remain just above record lows.
“The Fed is behind us, growth has been upgraded, and positioning and sentiment have reset as investors have reembraced the Tech trade.”
Tech stocks did the heavy lifting as rising yields and the first factory-output drop of the year keep the rest of the market on its heels
During the week of challenging developments, we refreshed out shopping list, exited one holding and added to four others.
U.S equities are mixed Friday morning with Tech names providing some boost while other names lagged as bond yields rebounded.
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.