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Stocks Decline for 4th Week as Rates Keep Climbing, Housing Cools, and Shutdown Risk Looms

  • U.S. equity markets declined for a fourth-straight week while benchmark interest rates continued rising to multi-decade highs amid economic concerns. The S&P 500 fell 0.7% on the week.

  • Real estate equities remained under pressure as higher interest rates may hurt property owners and some REITs. The Equity REIT Index declined 2.3% on the week.

  • Key inflation gauge PCE Price Index rose 0.39% in August, showing resurgent oil prices outweighed disinflationary trends.

  • Mortgage rates hit 23-year highs, slowing housing activity per sluggish home sales data. But limited supply has supported home values.

  • Government shutdown looms, adding to economic uncertainties. Eight of eleven GICS sectors finished lower on the week, dragged by Utilities and Consumer Staples.

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Stock markets worldwide experience declines amid concerns over the Chinese property market, rising US bond yields, and poor economic data in China and the UK.
The stock market experienced a sharp decline as early gains turned into a selloff, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all falling; concerns over rising bond yields and inflation contributed to the sell-off.
US stocks may be facing further declines as Thursday's selloff, despite strong earnings from Nvidia, suggests that this year's rally may be "exhausted," according to analysts at Morgan Stanley.
Despite concerns over the financial health of the US consumer, projections for a stock market decline may be unfounded as consumers have the capacity to spend, with low debt levels, significant assets, untapped home equity, low mortgage rates, and solid retail spending.
Most stock markets in the Gulf ended lower due to a slightly hawkish outlook from the US Federal Reserve, with Abu Dhabi, Qatar, and Saudi Arabia experiencing declines.
US equity markets were relatively stagnant last week, with major indexes trading up and down around their 200-day moving averages, indicating a lack of direction and potential resistance, while Treasury markets appeared to stabilize despite an inverted yield curve, suggesting a potential recession on the horizon. Fed Chair Jerome Powell's hawkish speech on Friday emphasized the need for caution and the possibility of higher interest rates, while Nvidia's strong earnings highlighted the company's dominance in the artificial intelligence sector.
The U.S. dollar declined due to weaknesses in economic growth, leading to a boost in the performance of gold and U.S. equities, while other global assets experienced mixed price movements throughout the week.
U.S. stock futures decline as concerns over China's economy and rising bond yields weigh on global sentiment and equities.
Stocks on Wall Street are expected to decline as concerns about inflation raise doubts about the Federal Reserve's decision to cut interest rates, while worries about crumbling demand and falling German industrial orders add to the uncertainty.
Stock indexes decline as concerns about future rate hikes and sluggish market performance in September weigh on investor sentiment, with the tech-heavy Nasdaq Composite falling for the third consecutive day and the Dow Jones Industrial Average and S&P 500 on a two-day losing streak.
U.S. equity markets experienced a downturn this week due to concerns about inflation, Federal Reserve statements, and trade tensions, with real estate equities and other yield-sensitive sectors particularly affected by rising interest rates, although hotel REITs rebounded due to improved forecasts for major hurricanes.
Summary: Asian shares mostly decline as investors await U.S. consumer price data and the Federal Reserve's decision on interest rates.
Asian stock markets fell as Wall Street experienced a decline, with investors preparing for key US inflation data, and a spike in oil prices added to concerns about persistent price pressures and the interest rate outlook.
Stocks declined amid speculation that US inflation data will show persistent price pressures, increasing the likelihood that interest rates will remain elevated; market focus is on the US consumer price report.
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 Philippine stock market continues to decline, with concerns about a hawkish central bank deterring foreign investors and wiping out billions of dollars in market value.
Wall Street finished the week with a decline in stocks, as the S&P 500 posted its second consecutive losing week, with technology and retail sectors contributing to the slide, while investors await the upcoming Federal Reserve interest rate policy meeting.
Asian stock markets mostly declined, with Japan's Nikkei 225 leading losses, as investors were concerned about upcoming central bank decisions and the possibility of the Bank of Japan ending its negative interest-rate policy.
Asia-Pacific markets are expected to continue declining as investors wait for China's loan prime rates and the U.S. Federal Reserve's rate decision, while oil prices rise due to supply concerns and all 11 sectors in the S&P 500 trade down.
US stocks slumped as investors prepare for the Federal Reserve's upcoming interest rate decision, with all three benchmark indexes ending the day lower.
U.S. equities fall after the Fed hints at higher interest rates, while homebuilder and Cisco shares decline, and FedEx shares soar.
Equity markets in Asia are expected to open lower following a sharp decline in U.S. stocks, with futures in Japan, Hong Kong, and Australia all pointing to declines; meanwhile, India's benchmark stock indices declined for the third consecutive day after the U.S. Federal Open Market Committee (FOMC) kept the interest rate unchanged but signaled the possibility of another rate hike in 2023.
Indian equity benchmarks continue to decline for the third consecutive day due to the US Federal Reserve's hawkish stance, with Nifty closing below the 20 EMA and all sectors witnessing selling pressure except for the media; stock recommendations include buying Infosys, Tech Mahindra, Apollo Tyres, and Nykaa.
The stock market's decline has intensified recently, leading to concerns about how far it could fall.
U.S. equity markets experienced their worst week since March as benchmark interest rates surged, causing concerns about tight monetary policy, a potential government shutdown, and trade tensions with China, resulting in losses for real estate equities and mortgage rates reaching their highest level since 2002.
Equity markets experienced a significant decline due to anticipated higher US interest rates, causing investor sentiment to be affected; meanwhile, oil prices remain within OPEC's preferred range, and the forex market is expecting a mixed performance from the pound and a strong US dollar.
Stock futures decline as Wall Street prepares for the last week of September amidst a drop in the S&P 500 and Nasdaq Composite.
The recent decline in the US equity market is validating concerns about its lopsided nature, with a small number of top-performing stocks leading the market lower and the remaining companies struggling to make gains, potentially exacerbating losses in a rising Treasury yield environment.
The recent decline in the stock market is overshadowed by the more significant drop in US and foreign bond markets, indicating a fundamental shift in perception and a signal of higher interest rates globally.
The US stock markets broke a four-day losing streak with gains in energy and materials sectors, while the Asian markets saw losses with technology stocks declining and concerns about China's property market stability. European markets opened in the red, awaiting economic data and earnings reports. Crude oil and natural gas prices decreased, while gold, silver, and copper prices fell. US futures and the US dollar index were down.
The current stock market decline, driven by a "confluence of factors," does not indicate a financial crisis and presents an opportunity for investors to buy stocks, according to DataTrek Research.
Investors are concerned about the recent stock market decline due to surging oil prices, rising bond yields, and worries about economic growth, leading to a sell-off even in major tech companies and potentially impacting President Biden's approval ratings.
Asian stocks and sovereign bonds declined following hawkish signals from the Federal Reserve, raising concerns of further interest rate hikes.
The US stock market is experiencing back-to-back down months, while facing challenges such as an autoworkers strike, potential government shutdown, and concerns about inflation and interest rates.
US stocks fell as investors worried about the impact of higher interest rates, with the Dow down nearly 1.5% and the S&P 500 and Nasdaq indexes also dropping. Concerns about the Federal Reserve's policy and its effect on the housing market and potential recession led to the market decline.
The stock market declined as the Dow lost 430 points and the Nasdaq lost 248 points, with the overall market being negatively affected by a higher 10-year bond yield and robust labor force data, while political turmoil in the House of Representatives and the possibility of a government shutdown added to the market's uncertainty.
U.S. stock futures declined as violence in the Middle East dampened investor sentiment and raised concerns about global market stability.
Asian and European stock markets experienced sharp declines due to weak economic indicators from China and concerns about potential interest rate hikes in the United States.
Stocks rise and bond prices decline as markets focus on corporate earnings and the strength of the U.S. economy, rather than Middle East tensions, signaling a reversal of last week's risk-off sentiment.
The U.S. stock markets decreased due to rising Treasury yields and investor evaluations of corporate earnings, while Asian markets, including Japan's Nikkei 225 and Australia's S&P/ASX 200, also experienced declines; the European STOXX 600 index and Germany's DAX also decreased, while crude oil, gold, and silver prices fell.
US stock futures declined as the benchmark 10-year Treasury yield surpassed 5%, causing investors to anticipate higher interest rates for a longer period and adding to concerns over escalating Middle East tensions, as the market awaits earnings reports from Big Tech companies.
World shares and oil prices are declining ahead of an update on the US economy, with high interest rates taking a toll on stocks and the housing market, and uncertainty over the economic outlook impacting global markets.
Wall Street stocks continue to decline due to bond market turbulence and Middle East tension, with tech giants like Facebook and Google-parent Alphabet experiencing drops in stock prices, while the Nasdaq suffers its biggest one-day loss since February; the global stocks index reaches its lowest point since March, and the dollar surges as Israel prepares for a potential ground invasion of Gaza.
Americans' sentiment declined this month, largely due to a wobbly stock market, with higher-income consumers and those with sizable stock holdings being particularly affected.
US stocks decline due to disappointing Q3 results from tech companies and high Treasury yields, with the Nasdaq in correction territory and the S&P 500 flirting with correction territory.