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.
September lived up to its poor reputation, but October has a history of starting year-end runs, especially in midterm years.
Investors have plenty to worry about, but attractive gains can be made even in overbought markets.
The reason is not that the market is fine. The damage is hidden.
U.S equities are mixed Friday morning with Tech names providing some boost while other names lagged as bond yields rebounded.
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.
Oracle’s big AI backlog, Microsoft’s multi-year data center plans, and other headlines are moving the market this morning.
Rate-hike expectations are inching higher ahead of the August CPI and PPI data.
The market has been able to absorb several negatives but the pressure is intensifying.
U.S-Iran fighting escalates, but oil prices dip, ADP’s August jobs figure issues, plus other headlines moving the market this morning.
