DOW Financial News

Wall Street is holding steadier in mixed trading after reports suggested the U.S. economy may be cooling

The Dow Jones Industrial Average rose 31.80 points, or 0.10%, at the open to 33,034.18. The S&P 500 opened higher by 4.38 points, or 0.10%, at 4,233.83, while the Nasdaq Composite gained 33.45 points, or 0.26%, to 13,092.92 at the opening bell.

By Ankika Biswas and Shashwat Chauhan

Investing.com -- U.S. stock futures edged broadly lower on Wednesday following a day of losses on Wall Street that dragged the Dow into negative territory for the year. U.S. 10-year Treasury yields, meanwhile, continue to climb, adding to a recent surge that has challenged equities and hit a range of global currencies. Elsewhere, Kevin McCarthy is ousted as House Speaker, leaving the lower chamber of the U.S. Congress leaderless with a November government funding deadline looming.

Asian markets are trading sharply lower after Wall Street tumbled as it focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high

Sensex declined 316 points to end at 65,512, while the Nifty 50 fell 110 points to 19,529 on October 3. Nifty 50 formed a small negative candle on the daily chart, post small upside bounce. “Technically, this pattern reflects lack of strength in the market to sustain the highs.

Investing.com — US stock futures extended declines during Tuesday's evening deals, following significant losses among major benchmark averages as investors retreated after stronger than expected JOLTs job openings data boosted expectations for further interest rate increases.

By Gertrude Chavez-Dreyfuss

Investing.com — The Dow fell Tuesday, and turned negative for the year as data showing surprise strength in the labor market, stoked further concerns about higher Federal Reserve interest rates, pushing Treasury yields to multi-year highs.

Investing.com — The S&P 500 fell Tuesday as data showing surprise strength in the labor market, stoked further concerns about higher Federal Reserve interest rates, pushing Treasury yields to the highest levels in more than a decade.

At least $1 trillion in investment is needed to achieve housing affordability in Canada, and the private sector has a key role to play, according to a new study by Canada Mortgage and Housing Corp.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at HP, Dow Chemical , Zscaler, Clorox, Fiverr International, and Warby Parker.

The Dow Jones Industrial Average fell 114.51 points, or 0.34%, at the open to 33,318.84. The S&P 500 opened lower by 18.64 points, or 0.43%, at 4,269.75, while the Nasdaq Composite dropped 78.09 points, or 0.59%, to 13,229.68 at the opening bell.

Investing.com — U.S. stock futures widely held around the flatline on Tuesday following a mixed session for the major benchmark averages, as investors braced for key employment data set for release throughout the week.

Investing.com -- U.S. stock futures point into the green, as traders look ahead to fresh job openings data out of the world's largest economy. Elsewhere, Sam Bankman-Fried's closely-watched fraud trial is scheduled to begin on Tuesday, with the former FTX cryptocurrency exchange boss possibly facing a hefty prison sentence, while shares in embattled property group China Evergrande Group (HK:3333) surge after trading resumes in Hong Kong following a recent suspension.

Gautam Shah, Founder & Chief Strategist, Goldilocks Premium Research, says “we are focussing right now on committing into stocks with quality institutional interest, quality fundamentals, great structural stories, which I do not think will be impacted if the markets were to correct. But on a general basis, on an overall basis, one should be aggressively booking profits in midcaps and smallcaps .” Shah says: “markets have moved to a risk-off mode and pharma could lead the market move from here in terms of strengths and sectors doing well. We have been a big bull on the entire IT pack for a while now. We maintain that stance. So, these two spaces look great. Auto is considered high beta but it has the potential to be a big structural story for the next 6 to 12 months. Every small dip is a buying opportunity there.” 20,000 may be psychological or it may be technical, but so far, it has acted as a swift or a stiff resistance for the market. Do you think we have a top in place at least in the short term and that could be 20,000? Yes, I think we had a top in place because all kinds of ingredients were coming in together to suggest that the market did top out at that level of 20,200.

Wall Street's main indexes opened lower on Monday as the 10-year Treasury yield regained 2007 highs, while investors awaited comments from Federal Reserve Chair Jerome Powell and more data this week to gauge the central bank's interest-rate path. The Dow Jones Industrial Average fell 52.00 points, or 0.16%, at the open to 33,455.50. The S&P 500 opened lower by 3.53 points, or 0.08%, at 4,284.52, while the Nasdaq Composite dropped 1.34 points, or 0.01%, to 13,217.99 at the opening bell. Powell and Philadelphia Fed President Patrick Hasker will speak at a roundtable discussion, due 11 a.m. ET, with local employers and small business owners on efforts to grow the economy. Later in the day, Cleveland Fed President Loretta Mester will speak on the outlook for the U.S.

Shares are mostly lower in Europe and Asia even after the U.S. Congress averted a U.S. government shutdown

Investing.com — U.S. stock futures oscillated around the flatline on Monday, paring back some earlier gains, as investors digested the implications of an eleventh-hour deal to prevent a U.S. government shutdown over the weekend and looked ahead to fresh economic data this week.

Investing.com — With an eleventh-hour deal reached to avert a U.S. government shutdown investors will be focusing on U.S. jobs data and speeches by Federal Reserve head Jerome Powell and European Central Bank President Christine Lagarde in the week ahead. Central banks meeting in Australia and New Zealand will also be in focus and markets continue to digest the ‘higher for longer’ interest rates mantra. Here’s what you need to know to start your week.

stocks. The S&P 500 and Nasdaq posted their biggest monthly percentage drops of the year, while all three major indexes had their first quarterly declines in 2023. Data showed the personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, increased 3.9% on an annual basis for August, the first time in over two years it had fallen below 4%. The Fed tracks the PCE price indexes for its 2% inflation target. Stocks had pushed higher initially after the PCE report but then faded. The data revealed a «better than expected but still elevated inflation picture,» said Eric Freedman, chief investment officer at U.S.