NASDAQ Financial News

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.

Yesterday marked the start of the final quarter of 2023—a year distinguished by a remarkable stock market recovery amid a continued selloff in the bond market.

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.

It has been a tough start to the week for the Russell 2000 via (IWM). A bearish end to the week last has been followed by a disappointing Monday. The measured move target marked on my chart offered a launch point for a rally, but this rally quickly got overwhelmed by a former support level, which turned resistance, around $178.

By Caroline Valetkevitch

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.

Day trading guide for today: After US shutdown getting averted, Wall Street traded mixed but Nasdaq witnessed 0.67 per cent rise during Monday deals. However, Dalal Street will be under scanner today as it is opening after a three days gap due to extended week off.

Buy or sell stocks for today: After US shutdown getting averted, Wall Street traded mixed but Nasdaq witnessed 0.67 per cent rise during Monday deals. As Indian stock market was closed on 2nd October for Mahatama Gandhi Jayanti, Dalal Street is expected to react on US shutdown news during early morning deals on Tuesday.

auto stocks will remain in focus with monthly sales numbers. Further, a RBI policy meeting is scheduled this week, which will likely shape the market direction. «Overall we expect the market to trade in a broader range as the higher oil price has rekindled the worry over inflation and might result in a prolonged high interest rate environment,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded higher by 26 points, or 0.13 per cent, at 19587.5, signaling that Dalal Street was headed for negative start on Tuesday.

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.

The S&P 500 (SPX) recorded the fourth consecutive weekly drop candle after falling 0.7% last week. The index printed the lowest level since the end of May as stocks responded to another bond market selloff.

Investing.com -- Futures faltered on Monday, paring back some earlier gains, after last-minute negotiations between lawmakers on Capitol Hill over the weekend led to a surprise short-term funding deal that averted a U.S. government shutdown. Elsewhere, UAW workers and Mack Trucks forge an agreement to avoid a strike, while the World Bank cuts its growth forecast for China's economy next year.

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.

US technology stocks may be about to turn a corner after the Nasdaq 100’s biggest monthly decline this year, according to strategists at Goldman Sachs Group Inc. 

Read here: US Congress passes bill to fund govt for 45 days, averts shutdown Japan’s Nikkei 225 gained 0.68%, while the Topix rose 0.45%. Chinese markets are closed for the Golden Week holiday. Stock markets in South Korea and Hong Kong are also shut for holidays.

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.

Yesterday was a slam dunk day for the bears as whatever support, such as the retention of 4,325 in the S&P 500, was sliced apart. We are now looking at measured move targets for the Russell 2000 (IWM), S&P 500, and Nasdaq, and tests of their respective 200-day MAs.

Investing.com — The Dow closed lower Friday, ending September and the third quarter with a loss as mounting fears about higher for longer Federal Reserve interest rates and a government shutdown rattled investor sentiment.       

Friday 29th September 2023 – The Bitcoin price is defying macro gloom to put on a 3% gain as it recaptures $27,000, but it is yield-bearing Bitcoin Minetrix ($BTCMTX) that’s raised $200,000 and could be the biggest winner.

The Dow Jones Industrial Average rose 216.27 points, or 0.64%, at the open to 33,882.61. The S&P 500 opened higher by 28.48 points, or 0.66%, at 4,328.18, while the Nasdaq Composite gained 136.43 points, or 1.03%, to 13,337.71 at the opening bell.