Today’s Stock Market News And Breaking Stories

stock market news today

Dow industrials were down by 30 points, or less than 0.1%, after failing to sustain upward momentum. U.S. stocks fell across the board after employers added 263,000 positions in September, the lowest monthly gain since April 2021. A Amazon stock forecast softening labor market signals broader economic weakness may be emerging. Bond yields move higher with the 10-year Treasury at 3.89%. In commodities, oil continued its climb after OPEC’s production cut, now nearing $90 per barrel.

stock market news today

Like the Swiss Market Index , the Dow Jones is a price index. The shares included in it are weighted according to price; the index level represents the average of the shares included in it. Novavax's opportunities for Nuvaxovid as a primary vaccine are limited in developed nations due to already-high vaccination rates.

Dow Falls Nearly 500 Points As Bear Market Bounce Loses Steam

Dimon cites a "very, very serious" combination of headwinds, including inflation, high interest rates, and the Russian war in Ukraine. Keith Speights has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The company reported positive developments in Switzerland and South Korea. Swiss regulators recommended Novavax's COVID-19 vaccine, Nuvaxovid, as a booster in adults. Hargreaves Lansdown is not responsible for an article's content and its accuracy.

  • All three of the U.S. major stock averages fell as investors take a breather after two days of solid gains financials and utilities paced the early declines.
  • U.S. stocks ended the sessionlower across the board after the September jobs report stoked views that the Federal Reserve will remain aggressive with interest rate hikes.
  • The U.S. economy added 263,000 jobs in September, higher than analyst estimates of 250,000.
  • “We expect the potato crop in our growing regions to be at the lower end of historical averages with good overall quality and below average yields due to the significant heat waves late in the season,” the company said.
  • "Together, they represent two straight months of significant pullbacks after more than two years of record-breaking growth," said Black Knight President Ben Graboske.
  • Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Home buyer sentiment hits lowest level since 2011 — and mortgage rates reach 7%.

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"Joe Biden and the Democrats stuck working and middle-class Kansans with a massive spending scam that gives the IRS the green light to aggressively snoop around in their personal finances," Marshall said. "Defending a frivolous audit is expensive and the IRS should pay the bill, not innocent Americans who were wrongly targeted by an overzealous federal accountant." The DotBig average price of a gallon of gasoline gained again on Wednesday to $3.831, according to AAA. The United States is pressing OPEC+ producers to avoid making deep cuts, a source familiar with the matter told Reuters, as President Joe Biden looks to prevent a rise in U.S. gasoline prices. U.S. equity futures are giving back some of the gains from the previous two sessions.

All three of the U.S. major stock averages fell as investors take a breather after two days of solid gains financials and utilities paced the early declines. The Friday jobs report showed that employers added 263,000 jobs in September and that the unemployment rate fell to 3.5%. That's a relatively strong labor market, even if job gains are slowing.

stock market news today

ECONOMY Mortgage activity hits 25-year low as rates rise The Federal Reserve's strategy of raising interest rates in an attempt to fight sky-high inflation is sending mortgage rates higher, hurting home buyers. U.S. service activity slowed slightly in September but still showed growth for the 28th consecutive month. The frozen french fry producer topped Wall Street profit estimates and matched revenue expectations. The Journal said, if successful, the agreement would only release a limited amount of petroleum into the global markets in the short term.

Stock Futures Open Lower

"Employment and jobless claims data suggest the job market remains firm. Even with some companies announcing layoffs or plans to cut jobs," said senior economic analyst Mark Hamrick. "It appears that many individuals have been able to transition to new employment opportunities in quick order." Not once or even twice, but at least FIVE times in the past 12 months, investors and traders have expected the Federal Reserve to shift toward a dovish, or easier, monetary policy at some point — only... Billionaire hedge-fund investor Paul Tudor Jones, founder of Tudor Investment Corporation, said investors looking to time the bottom in stocks should keep a close eye on short-term Treasury yields. Steep inflation, a volatile market and rising interest rates have led many companies to put their acquisition plans on hold. The value of worldwide mergers and acquisitions announced by companies drop... JPM, -0.26% CEO Jamie Dimon warned investors on Monday that he expects markets to remain volatile for the foreseeable future, and that the S&P 500 could easily fall another 20% as...

Aim And Small Cap News

Fiscal second quarter net sales grew 9.7% to $521.4 million. The increase was primarily due to the contribution from the acquisitions of Osprey and Curlsmith. GAAP diluted earnings per share is now seen at $4.26 to $4.93 and consolidated non-GAAP adjusted diluted EPS in the range of $9.00 to $9.40.

Helen of Troy previously guided to net sales of $2.15 billion to $2.20 billion, which implies a decline of 3.3% to 1.0%, and a core business decline of 1.8% to growth of 0.5%. Amazon stock price The company now expects consolidated net sales of $2.00 billion to $2.05 billion, which implies a decline of 10.0% to 7.8%, and a core business decline of 8.6% to 6.4%.

Friday's losses trimmed the gains for what started out as a big comeback week for stocks. The major averages still ended the week higher but gave back most of the gains from the rally that kicked it off. Stocks fell Friday as traders evaluated September's jobs report, which showed the unemployment rate continuing to decline and sparked an increase in interest rates. Americans are still getting a decent sized bump in their weekly paychecks.

The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria. Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded. There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed. Get stock recommendations, portfolio DotBig guidance, and more from The Motley Fool's premium services. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. The company hopes to secure U.S. approval for Nuvaxovid as a booster in adults. It also should soon report results from a late-stage study of its vaccine candidate targeting the coronavirus omicron variant.

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