Key Takeaways The job market showed signs of weakness, according to a pair of reports from private companies, with one indicating that hiring is on track to be its lowest for any year since the Great Recession. The data from ADP and Challenger, Gray & Christmas typically plays second fiddle to official government data, but…
(Reuters) – The benchmark S&P 500 and tech-heavy Nasdaq indexes opened at record highs on Thursday, on the back of renewed expectations for interest rate cuts, while traders brace for a data-light end to the week with few fresh catalysts. The Dow Jones Industrial Average rose 20.0 points, or 0.04%, at the open to 46,461.11….
The U.S. stock market remains resilient, with the S&P 500 and Nasdaq recently hitting new record highs despite the ongoing government shutdown. While major indices continue to capture headlines, penny stocks often fly under the radar yet offer unique opportunities for investors willing to explore smaller or newer companies. Though considered a somewhat outdated term,…
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 7.2% in the morning session after the company narrowed its full-year 2025 delivery forecast. The company adjusted its guidance to a range of 41,500 to 43,500 vehicles. This tightened the previous outlook, which was between 40,000 and 46,000 cars, and lowered the midpoint of the forecast by…
The richest Americans are more reliant on the stock market for their wealth than they’ve just about ever been before. Stocks now account for a large share of wealth for U.S. households, according to Michael Pearce, deputy chief U.S. economist at Oxford Economics. Equities that were directly held and in mutual funds accounted for roughly…
Democratic Sen. Elizabeth Warren is calling on the Trump administration to release the September jobs report on Friday despite the ongoing government shutdown, a Senate aide told CNN on Thursday. The monthly jobs report, compiled and published by the Bureau of Labor Statistics, is arguably the most critical piece of US economic data released each…
Trevor Williams | DigitalVision | Getty Images The S&P 500 index closed at a new all-time high on Wednesday amid a federal government shutdown. It rose to a new intraday high early Thursday. Prior to that, the index — which is focused on large-cap U.S. equities — had risen almost 90% since the equity bull…
Key Takeaways Fair Isaac said it would provide its FICO credit scores directly to firms that provide credit reports to lenders. The data provider said the decision would eliminate reliance on the three nationwide credit bureaus. Shares of those credit bureaus declined on the news, while Fair Isaac’s jumped. Shares of two credit-score providers sank…
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….