The U.S. Capitol in Washington, DC. Win Mcnamee | Getty Images News | Getty Images A looming government shutdown could leave hundreds of thousands of federal employees without pay and put key economic data — including the closely watched jobs report — on ice. Congress has just four days left to agree on a stopgap…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) A firm finish to the week for stocks keeps the S & P 500 ‘s multi-day pullback to a minimum. With every excuse to retreat more notably — technical overbought conditions, unfriendly seasonal…
Core inflation was little changed in August, according to the Federal Reserve’s primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead. The personal consumption expenditures price index posted a 0.3% gain for the month, putting the annual headline inflation rate at 2.7%, the Commerce Department reported Friday. Excluding food…
While the market setup may be shaky heading into October, its recent September momentum may actually indicate there’s even more upside in store for next month, according to Jeffrey Hirsch, editor of the Stock Trader’s Almanac. Stocks have surged to new heights this month, with the S & P 500 having scored a new all-time…
The markets could be in for some choppiness if the government shutdown next week, according to Bank of America. While outcomes can vary widely, the bank found that the S & P 500 averages a loss of 5% between the week before and the week after a shutdown, based on data going back to 1990….
MUMBAI, INDIA – MARCH 3: A technician works at a Cipla laboratory March 3, 2002 in Vikhrohi, Mumbai, India. Jean-marc Giboux | 3rd Party – Misc | Getty Images Stocks of leading Indian drugmakers fell on Friday, even though the 100% U.S. tariffs on branded and patented drug imports are unlikely to affect these companies….
A car equipped with Momenta technology on display at the IAA Mobility show in Munich, Germany in September 2025. Arjun Kharpal | CNBC Momenta, a Chinese driverless technology startup, is raising a fresh round of funding that could value the company at around $6 billion, two people familiar with the matter told CNBC. The valuation…
My top 10 things to watch Friday, Sept. 26 1. The S & P 500 was looking at a higher open this morning after three down days in a row. Core consumer inflation in August rose 2.9% year over year, as expected. Bond yields dropped. Good for mortgage rates. 2. Home Depot , which relies…
A Peterbilt 579 truck equipped with Aurora’s self-driving system is seen at the company’s terminal in Palmer, south of Dallas, Texas, September 23, 2021. Tina Bellon | Reuters Shares of Paccar jumped Friday after President Donald Trump announced that he will impose a 25% tariff on imported heavy trucks beginning Oct. 1. Paccar was last…
In an aerial view, trucks line up to enter a shipping berth at the Port of Oakland on Aug. 26, 2025 in Oakland, California. Justin Sullivan | Getty Images U.S. President Donald Trump said Thursday night stateside that he would impose a 25% tariff on imported heavy trucks from Oct. 1, part of his broader…