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It cut its growth-rate forecasts for the United States, Eurozone, and the United Kingdom in its latest research note. Roughly 80% of S&P 500 firms have reported results, and those results should give investors some reason to worry.

  • Volume remained lighter than usual as markets in Japan and South Korea were closed for holidays.
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  • Conversely, the consumer staples sector was the session’s leader, with a gain of 0.35%.
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But investors should remain cautious, especially if the indexes stage a FTD below their 21-day lines. Also, a follow-through before Thursday’s consumer price index carries extra risks. Reflecting more-speculative story stocks, ARK Innovation ETF dipped 0.6% last week and ARK Genomics ETF fell 0.15% — after both dived over 6% on Friday. Tesla stock remains a major holding across Ark Invest’s ETFs.

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The yield on the 2-year note sits at 4.31%, the yield on the 10-year note is 3.89%, and 30-year bond rate remains at 3.84%. A stock market rally attempt got off to a strong start, but the indexes closed Friday near bear lows. Oil futures settled lower on Monday, as weak economic data DotBig from China fed concerns over a slowdown in energy demand. U.S. benchmark West Texas Intermediate crude for November delivery fell $1.51, or 1.6%, to settle at $91.13 a barrel on the New York Mercantile Exchange. Prices for the commodity gave back a portion of Friday’s 4.7% gain.

Stocks in Asia finished broadly lower following President Biden’s announcement on Friday that the U.S. would expand restrictions on the exportation of certain types of semiconductor coca cola stock price today chips to China. According to Bloomberg, the export controls were created to limit China’s ability to buy and manufacture high-end chips that are used in military equipment.

Investors will be particularly interested in this latest read on labor-market conditions given the implications for Fed policy. G7 leaders, who began their meeting on Sunday, are expected to discuss options for tackling rising energy prices and replacing Russian oil and gas imports, as well as further sanctions that do not exacerbate inflation.

stock market news today

Economists still say it’s too early to tell if we are in a true recession, but the technical definition of a recession is of little concern to Americans who are dealing with soaring prices, rising interest rates, and job layoffs. Q3’s GDP report is expected later this month, which should provide more clarity. Despite being good news for the workforce, investors failed to be positive about it.

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The energy sector was the session’s laggard, as it lost 2.09%. Conversely, the consumer staples sector was the session’s leader, with a gain of 0.35%.

stock market news today

According to FactSet, S&P firms are expected to deliver, on aggregate, earnings growth equivalent to a 7.1% gain year-on-year. That comes in below the five- and 10-year average, FactSet calculates. Whatever you do, invest DotBig early and often, especially if you have a long investment timeline. Dips and crashes will happen, and so will other scary-sounding things like economic bubbles, bear markets, corrections, death crosses, and recessions.

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A sell-off ensued on the speculation that the Fed will draw encouragement from the strong labor market, and will keep pushing the interest rates high enough to topple the economy DotBig over to a recession. News, ranging all the way from company-specific announcements to national and global events, can be an important external driver of the stock market.

Dow Slumps 600 Points Monday To Wrap Worst Day Since June As Summer Rally Fades

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. KO Before investing in any mutual fund or exchange traded fund, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information.

Today’s Options Market Update

Weakness in semiconductor stocks weighs on the Nasdaq 100 and the overall market after the U.S. Commerce Department Friday imposed fresh curbs on China’s access to American technology. Also, automakers are under pressure today after UBS downgraded Ford and General Motors. On the positive side is strength in food companies after Goldman Sachs said it is positive on the sector. Overall trading activity may be muted today, with the cash government bond market closed for Columbus Day. The S&P 500 started last week with a nearly 6% rally but gave up most of those gains by the end of the week capped off by a ~3% selloff on Friday. That weakness came following an employment report that showed the labor market remained resilient, which would keep the Fed on the inflation warpath.

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To beat down punishingly high inflation, central banks are raising interest rates and taking other measures that hurt prices for investments and could slow the economy enough to cause a recession. U.S. stockswere whipsawing overnight after a rally Friday as fresh economic data tempered investors’ expectations of steep Federal Reserve interest-rate hikes.

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