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Jobs, Autos, Stocks in Focus in Busy Week for Economic Data

  • September jobs report expected to show 150K added jobs and 3.7% unemployment rate.
  • UAW expands strike against Ford and GM, spares Stellantis as talks improve.
  • Oil prices and rising yields weigh on stocks, strategists split on outlook.
  • Economic calendar Manufacturing and services data, job openings, employment reports.
  • Earnings McCormick, Constellation Brands, Levi's among companies reporting.
yahoo.com
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Wall Street is experiencing a tough month as the S&P 500 and Nasdaq Composite are on track for their worst monthly performances since December, with several factors including seasonal trends, concerns about the global economy, and the Federal Reserve contributing to the market downturn.
Stockbrokers who traditionally sell their positions in May and return on St Ledger's Day in September may be in for trouble this year, as indicators such as the copper-gold ratio and predictions from investors like Michael Burry suggest a potential market crash and recession.
Stocks started the final week of August on a positive note, but September is historically a bad month for stocks and analysts are warning of more turmoil ahead for the market.
September has historically been a difficult month for stocks, with the S&P 500 and Nasdaq experiencing negative returns on average, but a pullback in September doesn't necessarily mean stocks will stumble for the rest of the year if the economy remains resilient and the Federal Reserve is done hiking rates.
September historically has been the worst performing month for the U.S. stock market, and with the recent decline in August, investors should prepare for further volatility and potentially disappointing results in September.
September is historically the worst month for stocks, and with mounting fears in the market, Evercore's Julian Emanuel advises investors to remain defensive until a potential buying opportunity arises in October.
Stocks have historically performed poorly in September, with an average loss of 1.12%, but investors should not base their decisions solely on this statistical trend and should focus on buying fundamentally strong companies at reasonable prices.
The August jobs report is highly anticipated as investors assess the health of the labor market amidst rising interest rates and inflation, with projections indicating an increase in hiring and a steady unemployment rate, but potential disruptions from ongoing strikes and bankruptcies could affect the data. The report is closely watched by the Federal Reserve for signs of labor market softening as they grapple with inflation, and while the labor market has remained tight, there are indications of a gradual slowdown. Job openings have decreased, along with resignations, pointing to a labor market that is cooling.
European stock markets are expected to open higher as investors await the U.S. jobs report, while China's Caixin/S&P global manufacturing purchasing managers' index boosted global sentiment; however, September is historically a difficult month for stocks.
Wall Street started the month of September on a high note after a rocky August, with Dow futures up by 127 points, S&P futures 0.3% higher, and Nasdaq futures up by about 0.15%, as investors await Friday's crucial jobs report which is expected to show that the labor market will stay in a sweet spot.
September has historically been the worst month for stocks, but this year may be different as the excitement around AI, cash on the sidelines, and Apple's new iPhone could potentially drive positive market performance.
Summary: Nvidia, Tesla, and Apple stocks had a great week as August ended on a strong note and Friday's jobs report provided a solid start to September.
US stocks are experiencing their worst performance in September since 1928, but there are signs that the market could avoid a steep downturn this year, with indicators suggesting more stability and positive gains for the rest of the year, according to Mark Hackett, chief of research at US investment firm Nationwide. However, challenges such as elevated oil prices and inflation could put strain on the stock market and the US economy.
Stocks may still be vulnerable in September, despite the buzz generated by Arm going public and the lousy market month of August.
September historically has been a challenging month for stocks, but reduced concerns about a recession, signs of a potential shift in Fed policy, and positive sector trends point to the possibility of strategic investment opportunities this year.
U.S. stock benchmarks remained down in September as investors digested the latest inflation report, which showed a rise in consumer prices and a decline in real average hourly earnings, impacting consumer spending power and raising concerns about inflationary pressures.
The stock market is currently experiencing its worst 10-day stretch of the year, according to historical data.
Apple stock is on track for its worst month of 2023, with the launch of the iPhone 15 being a contributing factor.
Despite September historically being a weak month for stocks, the next quarter tends to be the best-performing period of the year, making it a good time to invest in undervalued stocks like Alphabet.
Americans' views of the economy have worsened in September, with only 20 percent saying economic conditions are good and 73 percent believing that economic conditions in the country as a whole are worsening, according to a recent Gallup poll.
In September, the stock market had a poor performance, which is typical for this month.
In September, stocks tend to experience uncertainty, while October is known as the "jinx month" for investors.
The stock market's seasonal weakness in August and September may set up a rally in the final quarter of 2023, historically the best quarter for U.S. stocks, according to market strategists, despite the recent worst month and worst performing quarter for the S&P 500 and Nasdaq Composite.
Historically the worst month for stocks, September sent the market lower for the third quarter, causing pain on Wall Street.
The S&P 500, Dow Jones, and Nasdaq experienced their worst quarterly losses since last year's third quarter as investors shifted their focus to concerning macroeconomic conditions and the potential impact on growth-friendly investments.
Stock markets are experiencing their worst month of the year, as the Federal Reserve confirms its commitment to keeping interest rates higher for a longer period, leading to concerns about the Fed's hawkish stance continuing to weigh on stocks.
Investors will be looking for positive news to start off the fourth quarter after a rough September, but the release of economic data from Europe on Monday may not provide the lift they are hoping for.
Stocks started the new month and quarter quietly despite the passing of a spending measure to fund the government through mid-November, with rising Treasury yields and hawkish commentary from the Federal Reserve pulling the benchmarks off their highs.
The Dow experienced its worst day since March and fell into negative territory for the year as an unexpected surge in job openings and political dysfunction in Washington caused concern among investors and led to a plunge in stock indexes.
Hiring by U.S. companies slowed more than expected in September, reflecting a cooling labor market due to higher interest rates, with the worst month for job creation since January 2021.
The September jobs report is highly anticipated by investors as they look for clues about the health of the labor market amidst higher interest rates and inflation, with projections of increased hiring and a decrease in the unemployment rate, although private sector hiring may slow and wage growth may moderate.
U.S. stocks dipped slightly as investors awaited the September job report, while European stocks rose; the 10-year Treasury yield remains high, jobless claims inched up but remained low, tensions between Serbia and Kosovo raise concerns of potential conflict, bond king Bill Gross is not optimistic about bonds or stocks, and trading volume was subdued as investors braced for the September jobs report.
The September jobs report is expected to show a slowdown in job growth in the US, with nonfarm payrolls rising by 170,000 and the unemployment rate dropping slightly to 3.7%.
U.S. stocks dipped as investors awaited the September jobs report, while Asian markets traded higher; the 10-year Treasury yield remains at an elevated level and could cause a 20% sell-off in the S&P 500, according to JPMorgan Chase's Marko Kolanovic; China plans to ease rules on data exports, potentially benefiting foreign companies; the September slump in stocks presents a "tremendous opportunity" for value investors; trading volume was subdued as investors braced for the storm that is the September jobs report, which will determine the market's direction.
September was the worst month of the year for the stock market, with all three major U.S. financial indexes experiencing declines, but cybersecurity leaders CrowdStrike and Zscaler are well-positioned for future growth despite their stock price drops.
The stock market initially reacted negatively to September's strong job report, but later rebounded as evidence of a cooling job market and minimal wage growth tempered fears of inflation, leading to uncertainty about potential interest rate hikes by the Federal Reserve.
Investors will be focused on September inflation data and the start of earnings season, while keeping an eye on stocks like JPMorgan Chase, Pepsi, and Delta this week.
Stocks ended the week with mixed results as big US banks reported strong earnings for the third quarter, while concerns over inflation and the conflict in the Middle East weighed on investor sentiment. The Dow Jones ended slightly higher, while the S&P 500 and Nasdaq Composite both declined. Inflation concerns also dampened consumer sentiment, with the University of Michigan Consumer Sentiment Index falling in October.
The stock market had a rough start, with all major indexes posting losses, while September housing starts improved but fell short of expectations due to higher mortgage rates.
Wall Street ends its worst week in a month as the stock market struggles under the weight of high yields and the bond market, impacting borrowing costs and economic growth.