Stock Market & Finance News

stock market news today

Novavax also announced on Monday morning that its partner, SK bioscience, has filed for approval in South Korea for Nuvaxovid to be used as a booster in adults. South Korean regulators had already approved the vaccine for primary immunization against the novel coronavirus earlier DotBig this year. The BOE expanded its support of pension funds at the heart of the U.K.’s bond-market crisis even as borrowing costs leapt higher, a sign that stress in the financial system wasn’t going away. Stock futures were down at the start of after-hours trading Sunday night.

stock market news today

Discounts are expected to be “massive” this year, according to the report, reaching record highs of more than 32% with computers, electronics and toys leading the pack of discounted goods. The Fed likely is making a mistake in its hardline stance against inflation, Ark Invest's Cathie Wood said Monday.

Shares of Curaleaf rose 1.5% while Trulieve slipped 0.7% lower and Cresco Labs rose 2%. Green Thumb Industries dropped 4.2% and the AdvisorShares U.S. Cannabis ETF MSOS fell 1.3%. A strong jobs report helped cement expectations for more steep interest-rate increases, sidelining investors and pummeling markets. Investors were less than pleased after September’s job totals came in a bit stronger than expected.

Repairs That Will Help Sell Your House In A Cooling Market4 Min Read

Electric-vehicle makers in Asia and the companies that supply them are rushing to capital markets to raise money, as they try to take advantage of a surge in demand for energy-efficient automobiles. He told CBS' "Face The Nation" on Sunday that inflation core inflation will eventually come down. But he expects new Consumer Price Index data coming Thursday to show it rose again month over month. Markets will get a look at fresh inflation figures Thursday when the BLS releases September's consumer price index. Economists surveyed by Dow Jones expect headline CPI to show a 0.3% monthly increase and an 8.1% annual gain. A selloff in semiconductor stocks brought two key industry exchange-traded funds to their lowest levels in 52 weeks on Monday.

  • "Despite pulling back to a two-week low last Tuesday, the US dollar index bounced to end last week up more than 17% for the year, and not too far below its 20-year high."
  • Remember those ginormous market rallies from Monday and Tuesday?
  • The nation's Covid curbs caused services activity in China to contract in September for the first time since May, the report said.
  • Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
  • While still a robust headline number, it is the second consecutive month of falling totals, pointing to a labor market slowdown.

Friday’s jobs report showed the US economy added 263,000 jobs in September – a respectable number, but slower than in past months. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Oil prices steadied on Friday ahead of the jobs report.

Here Is How You Can Sharpen Your Trades With Options Open Interest Data

So, while things are slowing down, they’re still pretty robust relative to those pre-pandemic normal times. And that’s part of what iskeeping inflation elevated. It’s hard to overstatejust how delicate the DotBig situation is. Rate hikes eat into corporate profits, which has sent stocks sinking sharply in 2022. Stocks continued their swoon late Friday afternoon, with the Dow plunging more than 650 points, or 2.2%.

stock market news today

Fifty-two percent of the respondents plan to expand their business, up from 37% in the spring and 83% plan to obtain funding for their business, up from 70% in the spring. Shares of Bank of America fell 0.6% on Monday morning. The stock is down 31.3% in 2022 compared to a 24.1% loss by the S&P 500 SPX. Oil prices steadied on Friday ahead of the release of the monthly jobs report. Stocks fell on Monday with the Nasdaq Composite index falling to the lowest level in two years as tech shares continue to be the hardest hit in this bear market because of a spiking interest rates. Strong employment data indicates that the Federal Reserve will continue with its aggressive interest rate hikes to cool the economy and fight persistently high inflation, causing economic pain. AAL said Monday it’s investing an undisclosed sum in Universal Hydrogen Co., a two-year-old, California-based company building a hydrogen distribution and propulsion ecosystem for the aviation industry.

More U S Markets

For one, these businesses won’t have as much pressure on their bottom line from paying higher salaries. And companies also will have to realize that if their customer has less in their pocket, price increases may backfire and lead to lower demand. If that happens, the hope is that companies will be less likely to keep raising consumer prices at a breakneck pace. The average price of a gallon of gasoline gained again on Friday to $3.891, according to AAA. Economists surveyed by Refinitiv say the U.S. economy likely added 250,000 new nonfarm jobs in September. That’s down from 315,000 the previous month and would mark the weakest job growth since December 2020.

An Engaged Couple Looks To Clean Up Their Finances An Adviser Tells Them How4 Min Read

Famed investor Paul Tudor Jonesbelieves the U.S. economy could already be in a recession amid the Fed's aggressive tightening cycle. Ford Motor,General Motors— Shares of Ford and GM fell 7% and 5% respectively, after UBSdowngraded both stocks, saying the auto industry nasdaq VOWG is moving toward vehicle oversupply following three years of unprecedented pricing power. But while the hotly anticipated headline jobs number is falling, it’s still robust, BLS data shows. The monthly average prior to the pandemic was around 200,000.

If you're not sure which investments are right for you, please request advice, for example from our financial advisers. If you decide to invest, read our important investment notes first and remember that investments can go up and down in value, so you could get back less than you put in. They will also watch for Consumer Price Index data Thursday morning as concerns over inflation continue to impact the political landscape and economic policy.

Dow Bounces After Government Doubles Down On Stimulus Package

Powered and implemented byFactSet Digital Solutions.Legal Statement. Mutual Fund and ETF data provided byRefinitiv Lipper. Other market data may be delayed by 15 minutes or more. Kamal Bhatia, COO at Principal Asset Management, discusses the potential timing for a US recession, and what sectors could continue to withstand high inflation and a slowing economy.

Leave a Reply

Your email address will not be published. Required fields are marked *