Good MorningEquity markets closed out a down month with a volatile week that ended on a sour note. The S&P 500 fell 5% in the period and is on track to shed another 5% or more. The next week will be another hurdle with key labor market reports due. Another month of solid job gains and 4.5% wage inflation will keep the Fed's foot on the economic brakes if it doesn't push them to hike rates again.
Oil prices rose while the stock market fell. WTI rose to a new 1-year high and may continue higher. The supply/demand imbalance is tilted in favor of higher prices so the trend is up regardless of where oil prices go in the near term. This means investors should expect persistent high oil prices and inflation to continue.
The next stop for the S&P 500 could be near 4,150, 3% below last week's close. That marks a critical support target at a previous resistance point which was pivotal to the summer rally. Featured: $100 Trillion “AI Metal” Found in American Ghost Town (Ad) 
|
Stocks | | |
In the current environment, where the SPDR S&P 500 ETF (NYSE: SPY) has faced a weekly downturn and is nearing an alarming 5% monthly loss, investors might perceive a glimmer of hope amid the turbulence.
The recent wave of selling pressure has sent shockwaves across the broader market, b... Read the Full Story |
|
From Our Partners | | Something big is brewing in Washington.
According to my research, an executive order from President Trump could be just weeks away.
And it holds the potential to trigger one of the most explosive tech booms in US history.
At the center of it all? Robots.
Not the kind that clean your house or pour you coffee.
But the kind that could reshape entire industries, add $1.2 trillion per year to the US economy, and affect 65 million American lives — just in the next year. | | This little-known company holds nearly 100 patents and trades for around $7 |
|
Markets | | |
The market has been swept by a sea of red month-do-date (MTD), with the overall market, the SPDR S&P 500 ETF (NYSE: SPY) down over 3% MTD. Apart from one sector, most sectors and industries have suffered the same outcome.
While the overall market has experienced significant momentum to ... Read the Full Story |
|
Markets | | |
Many investors are familiar with that uneasy feeling you can get in the pit of your stomach when a stock dives after a bad earnings announcement. It may still be a great brand and business, but this temporary - hopefully temporary - blip in the chart is often enough to send potential buyers runnin... Read the Full Story |
|
From Our Partners | | The End of Elon Musk? Don't make him laugh.
Jeff Brown has been hearing this same tired story for years, and he's been proven right time and time again.
And now, while the media focuses on Tesla's "demise," he's uncovered an AI breakthrough that's about to make Elon's doubters eat their words yet again.
According to his research, if you listen to the media and miss out on Elon's newest breakthrough, it's going to cost you the fortune of a lifetime. | | Click here to see why the "End of Elon" crowd is about to be wrong again. |
|
Stocks | | | Wall Street closed out its worst month and quarter of the year with more losses on Friday. The S&P 500 slipped 0.3% after a gain from the morning withered, and the majority of stocks within the index sank. The Dow Jones Industrial Average fell 158 points, or 0.5%, and the Nasdaq composite edged ... Read the Full Story |
|
Stocks | | | Asian markets declined Tuesday following a mixed session on Wall Street, where buying was pressured by rising bond yields. U.S. futures fell and oil prices also were lower. Hong Kong’s Hang Seng dropped more than 3% as investors unloaded property shares. However, China Evergrande was up nearly 16%, ... Read the Full Story |
|
|
Markets | | |
Despite a sudden 8% drop in the earlier part of the week, shares of Alphabet Inc (NASDAQ: GOOGL) are well on their way to undoing the dip and reclaiming their recent highs. The current rally, underway since last November, has already tacked on as much as 65% to share value. It also puts the stock ... Read the Full Story |
|
Markets | | |
Nike (NYSE: NKE) shares are sprinting higher after its FQ1 release. The takeaway from the report is that this leading shoe and apparel manufacturer’s business is normalizing in the wake of the COVID bubble, and the stage is set for continued, long-term growth. The question for investors toda... Read the Full Story |
|
Markets | | | Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars a month. To get ready, borrowers are cutting expenses, taking on additional work, and looking for options to reduce their monthly payments. Megan McClelland, 38... Read the Full Story |
|
Markets | | | Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. To get ready, borrowers are cutting expenses, taking on additional work, and looking for options to reduce their monthly payments. Megan McClelland, 38, said s... Read the Full Story |
|
Markets | | | China's factory activity in September recorded its first expansion in six months, an official survey said Saturday, providing another sign that the world's second-largest economy is gradually improving after its post-pandemic malaise.According to the government statistics bureau and an official indu... Read the Full Story |
|
Monday's Early Bird Stock Of The Day United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services comprising guaranteed time-definite express options in Europe, Asia, the Indian sub-continent, the Middle East, Africa, Canada, and Latin America. The company also offers international air and ocean freight forwarding, post-sales, and mail and consulting services. In addition, it provides truckload and customs brokerage services; supply chain solutions to the healthcare and life sciences industries; fulfillment and transportation management services; and integrated supply chain and shipment insurance solutions. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia. | | View Today's Stock Pick |
|
