The Israel-Gaza war is expected to initially lead to cautious market reactions, but interest rate movements are likely to have a more lasting impact on stocks.
The war between Hamas and Israel has led to a surge in oil prices and a fall in stock markets, as investors fear the conflict could impact the flow of energy in the region and hurt the global economy.
The creators of the VIX have introduced a new measure of volatility called the Cboe S&P 500 Dispersion Index (DSPX), which offers deeper insights into U.S. equity market volatility and allows for a clearer view of potential portfolio diversification opportunities. This index provides valuable insights into how the S&P 500 Index moves concerning the constituent companies within the index and may be accompanied by the introduction of exchange-listed futures, facilitating broader access to dispersion trading strategies.
The biggest pre-market stock gainers on Monday include ParaZero Technologies, Maris Tech, and Gaucho Group, while the top losers consist of Shift Technologies, LQR House, and Kubient.
Columbus Day, which started in 1792 as an Italian-American holiday and was later declared a national holiday, is celebrated on Monday, Oct. 9, 2023, with some communities also celebrating Indigenous Peoples’ Day to honor Native Americans. While most businesses and banks are closed on Columbus Day, grocery stores and major retail stores are generally open. The stock market is open, but bond markets are closed.
Earnings, rather than emotions, determine the market price of stocks in the long run, with factors like funds from operations and adjusted funds from operations (AFFO) providing a more accurate measure of profitability for Real Estate Investment Trusts (REITs).
Electric seagliders manufactured in Rhode Island, backed by REGENT Craft and billionaire investor Mark Cuban, have raised $60 million in funding and are one step closer to becoming commercially available for transporting people and cargo across waterways, with plans to begin full-scale prototype testing in 2024.
U.S. stock markets closed higher on Friday due to strong job creation, leading to discussions about a potential Federal Reserve interest rate hike; Asian markets, including Japan, Australia, and China experienced mixed results; European markets were mostly positive; commodities such as crude oil and gold saw an increase in prices; and U.S. futures and forex showed a decline and mixed results respectively.
Nubank, the largest fintech company in Latin America, is bullish on blockchain and cryptocurrencies, including Bitcoin and its own cryptocurrency, Nucoin, due to their potential for financial innovation and investment opportunities, according to CEO David Vélez.
Stocks dropped and oil prices surged ahead of the opening bell on Monday as a conflict in the Middle East added geopolitical risk to existing concerns over interest rates and inflation.
Harvard professor Claudia Goldin received the Nobel Prize in economics for her research on the gender gap in the labor market, which highlighted that women's pay has not continuously caught up to men's despite economic growth and women's higher levels of education, providing policymakers with a better understanding of the issue but no singular solution.
The housing market is currently considered overvalued, with homes selling above their long-term prices in most major markets, but experts disagree on whether this indicates a housing bubble or if high prices are justified due to the housing shortage and strong demand. The fear of buying at the peak of the market and concerns about rising mortgage rates are factors influencing buyer decisions, but if rates come down, it could lead to an increase in prices. While there is a possibility of a price correction, most experts do not expect another housing crash like the one experienced during the Great Recession.
Harvard professor Claudia Goldin has been awarded the Nobel Prize in economics for her contribution to understanding women's roles in the labor market.
Harvard economist Claudia Goldin has won the Nobel Prize in economics for her research on women's labor market outcomes, becoming only the third woman to win the prestigious award.
Claudia Goldin, a professor at Harvard University, has been awarded the Nobel economics prize for her contributions to our understanding of women's labor market outcomes.
The lack of copper mines under development and weakening demand due to slowing global manufacturing could hinder the pace of energy transitions, according to industry executives, despite expectations for high long-term copper demand driven by the energy transition push.
WTI crude oil has experienced increased volatility, leading to discussions about whether the market is broken, but from a structural perspective, both the noncommercial and commercial sides of the market remain bullish and the market is working as it should.
Europe's luxury brands are facing challenges with a slowdown in the Chinese economy and uncertainty over interest rates, leading to a decline in their stock prices and rising concerns over the outlook for luxury consumption across the US, Europe, and China.
The US stock market continues to rise despite various challenges, similar to what happened in Venezuela when their stock market skyrocketed in the face of economic problems, and there are lessons to be learned from Venezuela's experience.
Costco Wholesale is a high-quality company with a high valuation, but its business model, strong performance, and potential for growth make it a compelling investment choice despite its high price.
The global heating equipment market is projected to grow from USD 40 billion to USD 65.15 billion in 10 years due to the introduction of energy-efficient and eco-friendly heating equipment, with Asia Pacific expected to dominate the market.
The global market for Coupling Agents is projected to reach $687 million by 2030, growing at a CAGR of 4.2% over the analysis period 2022-2030, with the Sulfur Silane segment expected to achieve a 4.9% CAGR and reach a market value of $196.5 million by the end of the analysis period.
The U.S. home insurance market is facing a crisis as policy premiums skyrocket and private insurers withdraw from high-risk states, leaving millions of homeowners at risk of inadequate coverage.
Israel's central bank has taken unprecedented measures to stabilize the shekel, including selling up to $30 billion of reserves and extending up to $15 billion through swap mechanisms, after an attack by Hamas militants led to the government declaring war, although the currency still slumped to its weakest level since 2016; the Bank of Israel remains confident in its efforts so far and does not currently plan an emergency interest-rate hike.
The S&P 500 experienced a 7.83% drawdown, but current volatility expectations are lower than past periods of similar declines, suggesting that the market is experiencing a normal correction rather than a bear-market-like drawdown.
Indonesian geothermal operator Barito Renewables saw a 25% jump in its stock price after its market debut in Jakarta, following a successful $200 million initial public offering.
Pepsi sodas are seen for sale at a Walmart Supercenter in Austin, Texas; the text then mentions the tragedy in Israel, expressing real emotions regarding it.
Asia-Pacific markets are expected to have a positive start to the week, with Chinese markets returning from a week-long holiday and investors watching inflation readings and trade data from China and India, as well as a monetary policy decision from Singapore's central bank. In Australia, the S&P/ASX 200 is up after a five-day losing streak, while futures for Hong Kong's Hang Seng index point to a stronger open. However, the outbreak of war between Israel and Palestine has affected stock futures and led to higher oil prices. There is also an increased likelihood of the Federal Reserve raising interest rates by the end of the year, causing utilities stocks to sink as investors find short-term Treasuries more attractive.
Israel has declared war on Hamas after the Palestinian militant group attacked Israel, leading to a spike in oil prices; the US nonfarm payrolls report revealed a significant increase in jobs for September; while markets initially fell in response to the jobs report, they rebounded as wage growth was softer than expected and unemployment held steady, suggesting a soft landing for the economy and potentially preventing the Federal Reserve from raising interest rates in November.
Oil prices surged more than 4% in response to the attacks by Hamas in Israel, while stocks in Australia traded slightly higher and futures for Hong Kong and US stocks experienced losses.
Geopolitical risks in the form of the Israeli-Palestinian conflict, along with inflation and surging interest rates, weigh on stock futures, exacerbating market fragility.
Asian markets will have their first chance to respond to Friday's robust US jobs data and Wall Street's strong performance, but events in Israel and Gaza may cause skittishness and uncertain direction in the markets.
The rise of Ethereum layer-2s is helping the network regain market share from alternative layer-1s, threatening their survival due to inflationary tokenomics and other challenges, according to Bloomberg crypto analyst Jamie Coutts.
Matthew Tuttle and Rob Isbitts discuss the recent activity in the bond market and its impact on various sectors, highlighting the importance of interest rates and the absolute level of the 10-year Treasury.
The states of Washington, Oregon, Hawaii, Nevada, Colorado, New Jersey, Massachusetts, Maryland, Virginia, and California are leading in electric vehicle (EV) sales, with Tesla's Model Y being the bestselling car in California, raising concerns about the nation's aging power grid as EVs gain popularity and the transition to renewable energy sources is accelerated.
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Alphabet, the parent company of Google, is poised to outperform Datadog due to its recovery in advertising, growth in non-advertising businesses, and diversified ecosystem, while Datadog faces challenges with slower growth and high valuations.
The ousting of Kevin McCarthy as House speaker and the ongoing political dysfunction in the US are seen as contributing to eroding confidence in the country's exceptionalism and adding to market volatility and uncertainty.
The US stock market experienced losses in the third quarter, driven by rising US Treasury yields, leading to a surge in the US dollar and a hostile environment for gold and silver; the fourth quarter may see a continuation of this trend if US yields continue to rise.
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Israeli stock and bond prices dropped, businesses closed, and the shekel weakened in response to a deadly attack by Hamas gunmen, prompting concerns about the negative impact on the economy.
Wall Street downgrade of Apple demonstrates the risks of trying to time the stock market.
OpenAI and Microsoft are reportedly planning to develop their own AI chips in order to reduce their reliance on third-party resources, joining the likes of Nvidia, AMD, Intel, Google, and Amazon in the booming AI chip market.
T-Mobile US has consistently outperformed its competitors and the market over the past decade, with impressive growth and a lower leverage position, making it an attractive investment option for those seeking long-term capital gains. Despite not offering dividends currently, T-Mobile recently announced its first dividend, expected to see robust growth in the coming years. The company's strategic moves in mergers and acquisitions, as well as its leading position in the 5G landscape, further solidify its position in the industry. Analysts anticipate substantial growth and a potential stock price increase for T-Mobile over the next decade.
Despite the difficult months for the stock market, Wall Street veteran Art Cashin believes October is a month of opportunity and suggests investing in Apple and Oracle stocks due to their growth potential, strong financial position, and focus on shareholder returns.
Despite the recent market volatility, three underappreciated stocks - Rivian Automotive, Apple, and Lululemon Athletica - have the potential to be lucrative investments for savvy investors in a market pullback.
Investors should consider buying shares of Nvidia and DexCom, as Wall Street predicts 40% and 51% upside, respectively, due to strong financial performance and promising future prospects.
Psychologists affirm that emotions have a purpose and should be handled with curiosity, respect, and wisdom, as they play a significant role in decision-making and overall emotional health.
Casino stocks across the US have been experiencing a significant slump, which analysts believe could be a sign that Americans are starting to spend less, potentially indicating a slowdown in the economy.
The September CPI report is expected to show that inflation remains above the Fed's target, increasing the likelihood of a rate hike and raising inflation expectations for 2023, potentially leading to further upside risk to rates from Treasury auctions.