(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…
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….
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…
The U.S. economy expanded at a much faster pace than initially estimated last quarter, according to new Commerce Department data released Thursday. Gross domestic product grew at a 3.8% annual rate in the April–June period, topping both the government’s previous 3.3% estimate and the initial 3% reading. It was the strongest showing since the fall…
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were hovering near the flatline night ahead of crucial inflation data. Futures tied to the Dow Jones Industrial Average added 18 points, or 0.04%. S&P futures rose 0.06%, while the Nasdaq 100 futures ticked up 0.05%. Investors are awaiting the release…
Another Federal Reserve rate cut, another … rise in interest rates? That is the current dynamic across the Treasury yield curve — the real-time market rates — a week after the Fed’s first cut in policy interest rates in nearly a year. Many consumer loans, such as home equity and mortgages and credit cards —…
My top 10 things to watch Thursday, Sept. 25 1. Intel is reportedly seeking an investment from Apple as part of its comeback bid. I cast doubt on the likelihood of this happening. There is always chatter about these type of things, but this one is unlikely to lead to anything as of now. Club…