(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.) Wall Street holds near record highs in a government-data blackout , with enough rotational energy toward left-behind groups, refreshed confidence in the AI spending frenzy, certainty of a Fed rate cut this month…
Retail investors should stay the course on Apple stock despite a new Wall Street downgrade , according to Jim Cramer. “People at home, I urge you not to listen,” Jim said Friday, in response to Jefferies analyst Edison Lee cutting the iPhone maker’s shares to underperform, a sell equivalent rating, from hold. “I think owning…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Can’t kill the vibe We’re heading into day three of the government shutdown, and politicos and investors alike are eager for signs of progress on Capitol Hill….
Things may be getting dicey for the stock market. Bank of America chief investment strategist Michael Hartnett pointed out that inflows into global equities and high-yield bonds over the past four weeks make up 0.9% of assets under management for the company’s clients. That’s dangerously close to triggering a contrarian sell signal. “When inflows to…
My top 10 things to watch Friday, Oct. 3 1. Boeing problems: The planemaker’s new 777X widebody jet is now set to make its commercial debut in early 2027 instead of next year, Bloomberg reported this morning. That delay could expose Club name Boeing to sizable non-cash accounting charges. Safety certification work is taking longer…
Walmart-backed OnePay offers credit and debit cards, high-yield savings accounts, buy now, pay later loans and a digital wallet with peer-to-peer payments. Photo obtained from OnePay website OnePay, the fintech firm majority-owned by Walmart, will soon offer cryptocurrency trading and custody on its mobile app, CNBC has learned. OnePay will offer customers access to bitcoin and…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Thursday and what’s on the radar for Friday’s session. Another day, another record The…
(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.) -No news, no government services, no problem for the stock market. -The lack of scheduled economic data today and tomorrow keeps investors in the dark on the latest labor trends and factory orders,…
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…
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…