Amidst a backdrop of cautious Federal Reserve commentary and persistent inflation concerns, major U.S. stock indexes have experienced declines, with the Nasdaq Composite and Russell 2000 Index taking notable hits. In this environment, high-growth tech stocks can present intriguing opportunities for investors seeking to navigate these challenges, as they often exhibit strong innovation potential and…
US equity futures held losses after Congress failed to agree to a spending plan, forcing the government into a shutdown that will keep hundreds of thousands of federal workers home from their jobs. Futures on the S&P 500 Index were down 0.4% as of 1:02 a.m. Wednesday after the deadline to fund the government came…
With Democrats and Republicans unable to reach a funding deal, the US government is on the brink of a shutdown (Alex WROBLEWSKI) Asian markets stuttered, US futures fell and gold hovered near record highs Wednesday after lawmakers in Washington failed to reach a deal to avert a government shutdown. The prospect of federal services being…
Markets wrapped up the third quarter on a strong note, defying September’s reputation as one of the toughest months for the US stock market. The S&P 500 (^GSPC) and Nasdaq (^IXIC) each logged their best third quarter since 2020 and strongest September since 2010, while the Russell 2000 (^RUT) recorded its best Q3 since 2009…
By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar was on the back foot on Tuesday in cautious trading as investors braced for a possible U.S. government shutdown that would halt economic data releases including the crucial jobs report later this week. Government funding will expire at midnight on Tuesday unless Republicans and Democrats agree to…
By Sinéad Carew and Niket Nishant (Reuters) -The Nasdaq composite and S&P 500 closed modestly higher on Monday as investors bought heavyweight technology stocks and shrugged off the uncertainty of a potential U.S. government shutdown and hawkish remarks from a Federal Reserve official. The technology sector provided the benchmark S&P’s biggest boost as investors bet…
By Laura Matthews, Lewis Krauskopf and Davide Barbuscia NEW YORK (Reuters) -Wall Street is preparing for disruption to economic data if a looming U.S. government shutdown goes ahead, which could cause investors to rely more on alternative data or take on more defensive positions as they anticipate volatility in asset prices. The U.S. Labor Department…
The dollar has started an event-loaded week with declines. Bloomberg’s gauge of the greenback fell 0.2% on Monday, dropping for a second day. A US government shutdown is looming, with both political sides digging in on their stances. Several pieces of key US economic data are also due this week, culminating with the monthly jobs…
The federal fiscal year ends on Tuesday, and if there is no deal for more funding, then much of the government’s vast bureaucracy will shut down right after midnight on Wednesday. Critical functions like the military will continue, but a shutdown that lasts longer than a few days would affect the monthly jobs report, which…
Wall Street is set for a busy week with a plethora of economic data releases scheduled. The primary focus for market participants will centre on the September non-farm payrolls report and the August job openings numbers. Beyond these key employment figures, traders will be closely monitoring releases covering S&P final manufacturing and services PMIs, consumer…