On Wednesday, October 4, the U.S. stock markets ended higher, led by tech-focused Nasdaq Composite, influenced by the September private payrolls data rising below expectations. Private payrolls increased by 89,000 in September, significantly falling short of the anticipated 153,000 and down from 180,000 in August, as per the ADP and Moody’s Analytics report. Data indicating a 32-month low in private job growth alleviated concerns of another Federal Reserve rate hike this year, pausing the rise i
On Friday, September 29, the U.S. stock markets ended mixed as investors processed the effects of U.S. inflation report on the Federal Reserve’s interest rate policy and rethought their portfolios. The headline PCE price index rose to 3.5% in August 2023, up from 3.4% in July, marking its second monthly increase. Meanwhile, the core index, excluding food and energy, fell to 3.9% from 4.2%, as anticipated. In the S&P 500 sectors, energy decreased by approximately 2%, while financials experienced
On Tuesday, September 26, the U.S. stock markets closed significantly lower, with the Dow hitting its lowest since March amid weak consumer confidence and fears of persistent inflation and rising interest rates. The Conference Board’s consumer confidence index fell to 103 in September. All sectors of the S&P 500 ended in the red, with utilities and consumer discretionary stocks experiencing the largest declines. Amazon.com, Inc (NASDAQ: AMZN) saw a 4% drop in its stock on Tuesday as it faced leg
On Friday, September 22, the U.S. stock markets closed in the red following a turbulent week highlighted by 16-year highs in benchmark Treasury yields and a hawkish outlook from the Federal Reserve. The S&P 500 and the Nasdaq experienced their steepest week-to-week declines since March. Most sectors in the S&P 500 finished with losses. The Dow Jones Industrial Average dipped 0.31% to 33,963.84. The S&P 500 declined by 0.23%, settling at 4,320.06, and the Nasdaq Composite dropped 0.09% to close a
On Thursday, Sept. 21, the U.S. stock markets ended significantly lower, with investors analyzing economic data after the Federal Reserve’s decision on interest rates. U.S. jobless claims dropped to 201,000 for the week ending Sept. 16, the lowest since January, compared to the expected 225,000. The Q2 current account deficit narrowed to $212.1 billion, better than the forecasted $221.0 billion gap. The Dow Jones Industrial Average finished the day 1.08% lower, ending at 34,070.42. The S&P 500 r