Finance
The government shutdown is unlikely to derail the stock market’s momentum into year-end, according to Tom Lee, Fundstrat Global Advisors’ head of research. Lee believes the suspension of economic data releases from federal agencies is a “sidebar issue,” adding that past shutdowns have had little lasting impact on equities. The widely followed strategist, who called…
The Club’s top 10 things to Thursday, Oct. 2 — Matthew J. Belvedere and Kevin Stankiewicz wrote this morning’s newsletter. 1. The S & P 500 was heading for a higher open this morning. The index reversed yesterday’s early declines on the government shutdown and weak ADP jobs concerns and closed at a record high….
Jackal Pan | Moment | Getty Images The dollar fell to near a one-week low on Thursday as traders weighed the impact of a U.S. government shutdown, while poor jobs data boosted expectations that the Federal Reserve will cut interest rates two more times this year. The dollar index, which measures the greenback against a…
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Goldman Sachs’ Meena Flynn says U.S. GDP will take a hit every week of the government shutdown, but S&P and others tracking for record highs on ‘The Claman Countdown.’ A partial government shutdown began on Wednesday with Republicans and Democrats at an impasse over spending levels, which has increased uncertainty over economic conditions and how financial…
US stock futures rose on Thursday, eyeing fresh records as OpenAI (OPAI.PVT) buzz buoyed techs and blotted out the prospect of a US government shutdown with no end in sight. Nasdaq 100 futures (NQ=F) moved up 0.5%, while S&P 500 futures (ES=F) added 0.3%. Contracts on the Dow Jones Industrial Average (YM=F), which includes fewer…
Oct. 02, 2025 6:38 AM ETS&P 500 Futures (SPX), INDU, US100:INDXLK, NVDA, XAGUSD:CUR, XAUUSD:CUR, CL1:COM, US10Y, US2Y, US30Y, US5YBy: Kim Khan, SA News Editor Carl Court Stock index futures pointed to a slightly higher open Thursday as the U.S. government shutdown hit Day 2. Info tech (XLK) was the biggest sector gainer before the bell,…
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI has finalized a secondary share sale totaling $6.6 billion, allowing current and former employees to sell stock at a record…
The Korea Exchange (KRX) will slash stock trading fees by up to 40% in December, marking the first overhaul of its pricing structure since its bourse operator’s launch in 2005, according to people familiar with the matter on Thursday. The move underscores mounting competitive pressure from Nextrade (NXT), Korea’s first alternative stock exchange that has…
(Bloomberg) — Amazon.com Inc.’s cloud-computing business has helped propel its shares for almost two decades, but increasing pressure from rivals like Microsoft Corp. and Oracle Corp. is sapping some of the stock’s appeal. Most Read from Bloomberg The proliferation of artificial intelligence has led to an explosion of demand for cloud hyperscalers, where Amazon Web…