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Stocks Slump in September as Rate Fears Persist; Inflation Slows but Gov't Shutdown Looms

  • Stocks retreated on Friday to cap a brutal September amid fears of higher interest rates. The S&P 500, Dow, and Nasdaq all posted losses for the month between 3-5%.

  • The Fed's preferred inflation gauge, the PCE index, rose 3.5% in August, the slowest pace since September 2021. This could dampen expectations of a November rate hike.

  • Government shutdown looms, with lawmakers expected to miss the Saturday deadline. The "Seinfeld" shutdown comes amid other economic headwinds.

  • Banks funding Musk's Twitter deal to meet with new CEO Yaccarino next week. She aims to convince them of plans to build a sustainable business.

  • AMD, Blue Apron, and Nike stocks led movers on Friday. Nike surged on earnings beat while Blue Apron doubled on acquisition news.

yahoo.com
Relevant topic timeline:
European markets retreated on Friday as traders assessed the future of monetary policy and expressed concerns about China's real estate sector, leading to a decline in stocks across various sectors and major bourses.
Stocks fell on Thursday as investors retreated ahead of the Federal Reserve's Jackson Hole symposium, with European stocks dropping and technology stocks giving up earlier gains, while Walt Disney shares tumbled, and Treasury yields increased on strong economic data and concerns about inflation.
The dollar retreated from a 12-week high as Federal Reserve Chair Jerome Powell hinted at the possibility of further rate hikes, while the euro saw a slight increase after China reduced its stamp duty on stock trading.
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.
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.
Wall Street ended a challenging August on a mixed note, with the Dow Jones down 0.5%, the S&P 500 losing 0.16%, and the Nasdaq gaining 0.11%, resulting in the worst monthly performance since earlier this year; however, signs of a soft landing for the US economy and lower jobless claims have sparked hopes that the Fed may ease off on interest rate hikes at its upcoming meeting.
Stocks were lower on Tuesday as September began, with oil prices reaching new highs and Treasury yields rising, putting pressure on the market, while traders awaited more economic data to determine the likelihood of another rate hike from the Federal Reserve.
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. 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.
Stocks fell on Friday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all declining, but Wall Street is on track for a winning week.
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.
US stocks slumped as investors prepare for the Federal Reserve's upcoming interest rate decision, with all three benchmark indexes ending the day lower.
Wall Street stocks moved lower as the Federal Reserve announced its decision to keep interest rates steady for now but forecasted one more rate hike in the near future.
Stocks closed lower on Wednesday as Wall Street analyzed the Federal Reserve's decision to keep interest rates steady, with the tech-heavy Nasdaq sinking the most, while the Fed's updated forecast showed that interest rates will remain higher for longer than previously anticipated.
Tech stocks led a retreat on Wall Street as investors were concerned about the Federal Reserve's hawkish stance and its decision to keep interest rates steady, causing the S&P 500, Dow Jones, and Nasdaq Composite to decrease; Goldman Sachs has delayed its forecast for a Fed rate cut to the fourth quarter of 2024.
Stocks fell for a third consecutive day as Treasury yields continued to rise, causing pessimism in the market and leading to declines in major indexes.
Stocks tumbled after the Federal Reserve announced that interest rates will remain higher for longer; however, some analysts believe that the market's reaction was overblown and that higher rates and economic growth could actually lead to higher stock valuations.
Most Asian stocks retreated as markets absorbed the outlook for higher interest rates and concerns over a property market crisis in China, while Japanese shares rose on the back of the Bank of Japan's dovish stance.
Stock futures decline as Wall Street prepares for the last week of September amidst a drop in the S&P 500 and Nasdaq Composite.
Wall Street stocks struggled to make gains as the Federal Reserve's interest rate strategy and the looming threat of a US government shutdown continued to create pressure, while oil prices rallied, raising concerns about inflation and the Fed's ability to cut rates.
Wall Street falls despite bond market pressure easing, with stocks on track for their fifth drop in six days as the market comes to terms with the Federal Reserve's decision to keep interest rates high, causing yields in the bond market to rise and undercutting prices for stocks and other investments.
Stocks fell on Tuesday as Wall Street grappled with the possibility of the Federal Reserve maintaining higher interest rates, while consumer confidence declined for the second consecutive month, reaching its lowest levels since May.
Wall Street remains steady after a sharp decline in September, with the market experiencing small gains and losses as the S&P 500 remains unchanged; pressure continues from the bond market as yields rise, leading to downward pressure on stock prices.
Wall Street stocks slipped as investors reviewed data on the US economy, with the S&P 500 and the Dow Jones Industrial Average trading slightly lower, and the Nasdaq Composite dropping further; the 10-year Treasury yield continued to rise, and oil prices turned lower after hitting new highs.
Stocks rallied on Thursday, recovering from recent losses, as the S&P 500 rose 0.6% and the tech-heavy Nasdaq Composite gained 0.8%, while the Fed's higher-for-longer stance on interest rates continues to impact markets. Additionally, mortgage rates hit a 23-year high, dampening homebuyer activity, and the US economy showed slightly weaker growth in the second quarter than initially reported.
U.S. stocks mostly fell as investors considered the latest inflation data from the Federal Reserve, marking the end of a turbulent month for the market.
Historically the worst month for stocks, September sent the market lower for the third quarter, causing pain on Wall Street.
Stocks mostly fell in the U.S. on Friday, with the S&P 500 and Dow Jones Industrial Average declining, while the Nasdaq Composite inched up; all three indexes ended the month of September in the red, with the S&P and Nasdaq experiencing their worst monthly performance since December, and the Dow having its worst showing since February.
Stocks on Wall Street are drifting as higher interest rates continue to impact the market, with the S&P 500 remaining largely unchanged and the Dow Jones down slightly, as investors grapple with the prospect of high inflation and the Federal Reserve's efforts to lower it.
Stocks slumped as the bond rout continues and one Fed policymaker predicted another interest rate hike this year, with the Nasdaq falling 0.5% and the S&P 500 and Dow Jones Industrial Average losing 0.4%.
Stocks continued to sell-off due to concerns over labor market data, ongoing labor strikes, surging oil prices, and fears of the Federal Reserve raising interest rates, with the bond market being seen as the main driver behind the market action.
Stocks climbed and Treasury yields retreated, providing a brief reprieve amidst lower-than-expected payroll growth and concerns of a debt crisis.
Wall Street stocks moved lower as the focus turned to Friday's key labor market data, following a bond rout reprieve, with the Dow Jones slipping 0.4% and the S&P 500 down 0.5%.
Stocks slipped as rising yields in the bond market and new inflation news put pressure on Wall Street, with the S&P 500, Dow, and Nasdaq all experiencing losses.
Stocks fell as Treasury yields rose and investors reacted to a speech by Federal Reserve Chair Jerome Powell, with the Dow Jones Industrial Average down 0.75%, the S&P 500 falling 0.9%, and the Nasdaq Composite leading the losses with a nearly 1% drop; in other news, Netflix shares surged more than 16% after the company reported a surge in subscriber numbers and announced plans to raise prices in the US, while Tesla shares fell almost 10% after the company's earnings missed estimates.
Stocks dropped again on Friday as markets reacted to comments from Federal Reserve Chairman Jerome Powell that increased bond yields, while also paying attention to developments in the Israel-Hamas war.
Stocks fell on Monday morning as the benchmark 10-year Treasury yield briefly rose above 5%, with investors accepting that interest rates will remain higher for a longer period of time. The market is also being affected by the ongoing sell-off in bonds and concerns about escalating Middle East hostilities, while waiting for Big Tech companies to report earnings.
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.