### Summary
Asian stocks were mixed as traders awaited the Federal Reserve's summer conference to determine if more interest rate hikes are necessary to deal with inflation.
### Facts
- 📉 Shanghai and Hong Kong stocks retreated, while Tokyo and Seoul stocks advanced.
- 📉 The Hang Seng in Hong Kong lost 1.1%.
- 📈 The Nikkei 225 in Tokyo advanced 0.6%.
- 📈 The Kospi in Seoul gained 0.6%.
- 📊 The S&P 500 index ended the week lower by 0.1%.
- 💵 Some investors are shifting money to bonds as higher interest rates make their payout bigger and less risky.
- 💹 Tech and other high-growth stocks are some of the biggest losers due to higher rates.
- 📉 Ross Stores jumped 5% after reporting stronger-than-expected results, while Estee Lauder fell 3.3% despite reporting stronger profit and revenue than expected.
- ⛽ Benchmark U.S. crude gained 73 cents to $81.39 per barrel, while Brent crude reached $85.55 per barrel.
- 💲 The dollar slightly edged up to 145.35 yen, while the euro rose to $1.0882.
(Source: AP News)
### Summary
- European stocks rebound after a drop last week, while bond yields rise ahead of the Fed's Jackson Hole event.
- China's smaller-than-expected rate cuts and weak economic data disappointed investors.
### Facts
- 📈 European stocks edge higher after last week's rout.
- 📉 China stocks hit a 9-month low as rate easing underwhelms.
- China's central bank trims its one-year lending rate by 10 basis points, while leaving its five-year rate unchanged.
- Expectation remains for further stimulus from China.
- Asian shares decline due to disappointment, with Chinese blue chips falling to a nine-month low.
- Energy companies outperform as oil prices rise.
- Oil prices edge higher after a seven-week winning streak.
- Bond market sell-off leads to higher government borrowing costs.
- U.S. Treasury yields continue to rise, with the 30-year yield touching a fresh 12-year high.
- The U.S. Federal Reserve's Jackson Hole conference is the key event for the week.
- Markets anticipate that Fed Chair Jerome Powell will address rising yields and strong economic data.
- Polls indicate that a majority of analysts believe the Fed is done hiking rates.
- Traders bet on a just under 40% chance of a final Fed hike by November.
- U.S. dollar trades flat after five weeks of gains.
- Gold prices affected negatively by the rise of the dollar and yields.
- Prices for liquefied natural gas (LNG) supported by a potential strike at Australian offshore facilities.
- Dutch payments processor Adyen's shares drop amid concerns over weak earnings.
- Earnings from Nvidia will be closely watched.
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Stock indices finished the trading session mixed, with the Dow Jones Industrial Average (DJIA) falling while the Nasdaq 100 (NDX) and the S&P 500 (SPX) gained. Additionally, auto loan delinquencies are increasing as car prices become unsustainable, and gas prices are on the rise.
Major U.S. indexes have fallen due to losses in financial stocks and concerns about China's economy, as Fitch Ratings warns of a potential downgrade for the U.S. banking industry's credit rating and JPMorgan highlights a higher risk of corporate defaults in emerging markets.
The Dow and S&P 500 ended slightly lower due to concerns about the Federal Reserve keeping interest rates higher for longer, while the Nasdaq finished barely in the green; the financial sector fell 0.9%, dragged down by an S&P downgrade of credit ratings of regional U.S. lenders, and investors are awaiting clarity on the rate outlook from Fed Chair Jerome Powell.
The three major U.S. stock indexes ended down over 1% each, with the Nasdaq leading the decline, as investors were cautious ahead of Federal Reserve Chair Jerome Powell's speech and despite Nvidia's strong forecast and stock buyback announcement.
Stock indices finished the trading session in the green, with gains seen in the Nasdaq 100, S&P 500, and Dow Jones Industrial Average. However, Texas manufacturing experienced a downturn in August, and gas prices have slipped across the country. U.S. stock futures are trending higher, and traders are awaiting key economic releases and earnings reports this week. In Asian markets, indices ended higher, but Evergrande Group's shares plunged while Xpeng's shares rallied.
Stocks are set to open slightly lower as all three major averages are on pace to post monthly losses, Oracle is upgraded to buy by UBS, and Salesforce is removed from JPMorgan's Analyst Focus List ahead of earnings.
U.S. stocks slipped as worrying data out of China and a spike in oil prices following the extension of Saudi Arabian production cuts weighed on the market. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.
Stock indices finished today’s trading session in the red, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all falling. The technology sector was the session's laggard, while the utilities sector was the leader. The U.S. 10-Year Treasury yield increased, and the Atlanta Federal Reserve's latest GDPNow reading estimates that the economy will expand by about 5.6% in the third quarter. The Federal Reserve released its Beige Book report, noting a tourism boom but slower spending in other areas. The ISM Non-Manufacturing Purchasing Managers' Index came in higher than expected, and mortgage applications fell to their lowest level since 1996. The U.S. trade deficit widened less than expected in July. U.S. stock futures inched lower, and European indices trended lower. Asia-Pacific markets were mixed.
Summary: The Nasdaq and S&P 500 closed slightly higher on Friday after a week of losses, while the Dow Jones Industrial Average rose 0.2%; however, all three major indexes ended the week lower due to rising oil prices, stronger-than-expected labor market data, and China's iPhone ban.
Summary: Despite a slight rise in US markets on Friday, major indexes finished the week lower, with Europe's Stoxx 600 index also experiencing losses, while the G20 nations released a joint communique addressing Russia's war in Ukraine, omitting overt criticism from last year's statement. Elsewhere, Instacart plans to go public at a lower valuation, SpaceX's Starship Super Heavy rocket remains grounded, and the upcoming consumer price index report could impact the Federal Reserve's monetary policy decisions.
Stock indices finished today’s trading session in the green, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all gaining, while the energy sector fell and the consumer discretionary sector led; individuals held a relatively steady stance on inflation expectations but had growing concerns regarding employment prospects and obtaining credit, according to a report from the Federal Reserve Bank of New York, while Treasury Secretary Janet Yellen expressed confidence in the stability of the U.S. economy, citing controlled inflation and positive employment trends.
Dow Jones futures, along with S&P 500 futures and Nasdaq futures, were unchanged after hours as the stock market rally experienced losses, with the S&P 500 and Nasdaq dropping below the 50-day line, while energy stocks led and software retreated. Apple stock fell after unveiling the iPhone 15 and other products, while stocks such as Salesforce, Alphabet, General Electric, Shopify, and Nvidia remained in or near buy areas. The CPI inflation report and Adobe earnings are potential market catalysts.
Stock indices closed higher today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all posting gains, while the healthcare sector lagged behind; the U.S. 10-Year Treasury yield increased, and the Atlanta Federal Reserve lowered its GDP growth estimate for the third quarter. Additionally, Fitch Ratings revised its global growth forecast for 2023 due to concerns about China's real estate sector, and economic data showed an increase in wholesale inflation and retail sales.
Stock indices closed lower today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector was the session's laggard and the real estate sector was the leader but still lost ground. Additionally, the U.S. 10-Year Treasury yield and Two-Year Treasury yield both increased.
The major indexes, including the Dow Jones, S&P 500, and Nasdaq, finished lower on Friday ahead of the Federal Reserve meeting next week, with tech stocks dragging the Nasdaq lower and the S&P 500 and Nasdaq both falling below their 50-day moving average.
U.S. stocks slumped amid mixed sentiment about the economy, with only the Dow Jones Industrial Average rising for the week, while European markets and the euro ticked up slightly. Famed investor Ray Dalio advised traders to hold cash as Treasury yields climb, and venture firms Sequoia Capital and Andreessen Horowitz face a significant loss on their investment in Instacart. Disney's potential sale of media assets signifies the end of traditional TV, and the Federal Reserve's meeting this week and FedEx's earnings announcement will provide insight into the global supply chain. U.S. consumer sentiment has edged down, but investors remain upbeat about the outlook for stocks and the economy.
U.S. stocks fell and Treasury yields surged ahead of the Federal Reserve's interest rate decision, while Instacart shares surged 12% on their first day of trading on the Nasdaq.
U.S. stock markets closed lower amid risk-off sentiment as the Federal Reserve began its two-day monetary policy meeting, while Asian markets, including Japan's Nikkei 225 and Australia's S&P/ASX 200, experienced declines; however, European markets, including Germany's DAX and the U.K.'s FTSE 100, traded higher.
Asia-Pacific markets fell after the U.S. Federal Reserve projected a rate hike, while New Zealand's GDP exceeded expectations, Hybe shares slid despite BTS contract renewals, and analysts identified Chinese internet stocks with potential. Also, the Fed left rates unchanged but expects one more hike this year, Cathie Wood praised an AI company, analysts favored small-cap stocks, and interest rate markets signaled a delay in future rate cuts.
Markets on Wall Street are expected to open with losses after the Federal Reserve suggests it may not cut interest rates next year by as much as previously thought, leading to a decline in futures for the S&P 500 and Dow Jones Industrial Average; uncertainty surrounding inflationary indicators and high rates is a major concern for traders moving forward.
The U.S. stock markets closed in the red as the Federal Reserve kept the federal funds rate unchanged, leading to losses in sectors such as communication services and information technology, while Asian stocks fell due to concerns over higher U.S. interest rates.
Summary: Dow Jones futures, S&P 500 futures, and Nasdaq futures all rose overnight, while the stock market correction continued with heavy losses as the 10-year Treasury yields surged, leading to the S&P 500 undercutting its August lows and the Nasdaq and Dow Jones coming close to doing the same.
The stock market experienced a correction as Treasury yields increased, causing major indexes to break key support levels and leading stocks to suffer damage, while only a few stocks held up relatively well; however, it is currently not a favorable time for new purchases in the market.
Investors are focusing on the release of economic reports on GDP and inflation as they evaluate the Federal Reserve's stance on interest rates and its efforts to cool down inflation. Metal prices have slipped due to concerns over global demand and the economy, and the risk of a government shutdown is also adding to the bearish sentiment. Earnings reports from various companies and core PCE inflation data are expected in the week ahead.
The Dow Jones Industrial Average dropped as the stock market correction worsened, and the 10-year Treasury yield reached new highs, with key inflation data expected later in the week, while Tesla stock fell and Apple and Microsoft stocks were mixed.
Asia-Pacific markets mostly decreased despite a rebound on Wall Street, with Japan's Nikkei 225 and Australia's S&P/ASX 200 experiencing losses, while the Kospi in South Korea and the Kosdaq in Hong Kong saw mixed results; in European luxury sectors, Bank of America upgraded three stocks that are deviating from negative trends; Moody's warns that a U.S. government shutdown would have a negative impact on credit; analysts have mixed opinions on the investment potential of tech giant Meta; Amazon's shares increased by 1.2% following its announcement of a major investment in AI startup Anthropic; the Federal Reserve suggests that interest rates may soon stabilize but at a higher level than expected; Chevron's CEO predicts that oil prices could reach $100 per barrel.
Stock indices closed in the red as the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experienced declines, while the utilities sector fell the most and the energy sector led despite still seeing a decrease; in addition, economic data including the Consumer Confidence report and US New Home Sales data reflected lower than expected figures, and stocks opened lower in Tuesday's trading session with the Case-Shiller Home Price Index suggesting continued rising demand for homes; JPMorgan CEO Jamie Dimon warned that a rise in interest rates to 7% could be painful for the global economy, and US Futures and WTI crude oil futures were trending down.
Stocks closed lower across the board as rising Treasury yields and disappointing economic data, including a drop in consumer confidence, contributed to the September selloff, while concerns over a potential government shutdown added to worries and Moody's warned of a potential U.S. credit downgrade.
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.
U.S. stocks were mixed, with the Dow slipping and the S&P 500 remaining unchanged, as the 10-year Treasury yield hit its highest level since 2007; former S&P ratings committee chairman warns of possible downgrade and Minneapolis Fed President says interest rates may not be high enough to restrict inflation; Meta announces new virtual reality headset and government shutdown concerns weigh on stocks.
Stocks ended the day higher as the surge in oil, the dollar, and Treasury yields slowed down, with the Nasdaq rising 0.8%, the S&P 500 gaining 0.6%, and the Dow Jones Industrial Average rising 0.4%.
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.
Summary: The U.S. stock market had a bad quarter, with all indexes falling, while the World Bank lowered its growth forecast for developing economies in East Asia and the Pacific, and China's demand for commodities continues to grow despite the downgrade. Additionally, a last-minute spending bill was passed to avoid a government shutdown, and this week's focus will be on the labor market.
U.S. stocks showed mixed performance as Treasury yields rose and a government shutdown was averted, with the Dow Jones Industrial Average down 0.6%, the S&P 500 down 0.3%, and the Nasdaq Composite up 0.4%.
Stock markets ended mixed as investors processed the effects of the U.S. inflation report on the Federal Reserve's interest rate policy, with the S&P 500 declining by 0.27% and the Nasdaq Composite gaining 0.14%; in Asian markets, Japan's Nikkei 225 settled lower by 0.31% while Australia's S&P/ASX 200 slid 0.22%; in Europe, the STOXX 600 index was down 0.42% with Germany's DAX declining 0.25%, France's CAC 40 sliding 0.36%, and the U.K.'s FTSE 100 trading lower by 0.45%; and in commodities, Crude Oil WTI and Brent gained 0.82% and 0.89% respectively, while Gold traded lower by 0.88%.
The major stock indexes are expected to open lower as the 10-year Treasury yield hits a 16-year high, with investors monitoring employment data for potential impact on interest rates; meanwhile, stock futures in Asia and Europe slumped as the Federal Reserve's message of higher interest rates reverberates worldwide.
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%.
The Dow Jones Industrial Average and other indexes took a major hit in the stock market, with the Dow falling more than 500 points and the Nasdaq and S&P 500 also experiencing significant losses, as the cost of borrowing money increased and the yield on the Treasury 10-year bond reached a 16-year high.
Stock indices finished in positive territory, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all posting gains, while the energy sector experienced losses; meanwhile, the U.S. 10-Year Treasury yield decreased and the Two-Year Treasury yield also saw a decline. The Factory Orders report showed an increase in new purchase orders placed with manufacturers, beating expectations. The ISM Non-Manufacturing Purchasing Managers' Index indicated a slight contraction in the non-manufacturing sector, and the ADP jobs growth data showed a slowdown in job growth and wages. U.S. Futures opened lower following higher-than-anticipated JOLTs jobs opening data. Asian markets ended mixed, while European indices traded in the red.
Stock indices finished in the red as sentiment soured and Fedspeak weighed on the markets, with the consumer staples sector experiencing the biggest decline and the real estate sector leading the session's gains, while U.S. treasury yields decreased and the Atlanta Fed's latest estimate suggests the economy will expand by about 4.9% in the third quarter.
Stocks on Wall Street opened lower after the US jobs report exceeded expectations, raising concerns that the Federal Reserve may raise interest rates; the Dow Jones was down 0.3%, the S&P 500 lost 0.4%, and the Nasdaq Composite dropped 0.5%.
The stock market is currently experiencing the most significant U.S. Treasury bond bear market in history, while JPMorgan's Chief Market Strategist predicts potential turbulence and a recession on the horizon; meanwhile, stocks opened lower on Friday morning after the September non-farm payrolls data, and U.S. futures are shaky as traders await the release of the Non-Farm Payrolls report, with experts predicting lower job additions and a potential fall in the unemployment rate.
Summary: U.S. stocks rose as Treasury yields fell and oil prices eased, while Europe's Stoxx 600 index soared, Samsung is expected to report a 78.7% drop in profits, the IMF revised its forecasts for the U.S. and euro zone, and a former head of Alameda Research testified that the company committed fraud, billionaire hedge fund manager Paul Tudor Jones predicts a recession and a 12% stock market slump, and falling Treasury yields provided relief to stocks.
The U.S. stock market is currently trading at a discount to fair value, and Morningstar expects rates to come down faster due to optimism on inflation; strong growth is projected in Q3, but the economy may slow down in Q4, and inflation is expected to fall in 2023 and reach the Fed's 2% target in 2024. The report also provides outlooks for various sectors, including technology, energy, and utilities, and highlights some top stock picks. The fixed-income outlook suggests that while interest rates may rise in the short term, rates are expected to come down over time, making it a good time for longer-term fixed-income investments. The corporate bond market has outperformed this year, and although bankruptcies and downgrades may increase, investors are still being adequately compensated for the risks.
