Fed Minutes Fuel Market Rally As Major Indexes Surge

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[Chart courtesy of MarketWatch.com] The markets attempted to build on yesterday’s recovery, with major indexes starting the day on a positive note. This momentum was boosted by the release of the Federal Reserve’s September meeting minutes, which revealed that most participants favored a larger 0.5% rate cut over a more modest 0.25%. This news fueled bullish sentiment, leading to a …

Oil Price Drop Fuels Market Rebound Amid Persistent Uncertainties

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[Chart courtesy of MarketWatch.com] Oil prices dropped by over 4%, which helped equities rebound after yesterday’s losses. Despite ongoing tensions, Israel has yet to retaliate. Bond yields rose slightly, but not enough to prevent a market recovery, with the Nasdaq leading the charge. The Middle East conflict, upcoming elections, hurricane damage, and other uncertainties are expected to increase market volatility. …

Rising Bond Yields And Oil Prices Drag Major Indexes Down

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[Chart courtesy of MarketWatch.com] The financial markets were significantly impacted by climbing bond yields and surging oil prices, which drove the major indexes down throughout the session. The 10-year yield rose above the 4% mark for the first time since August, rebounding from a low of 3.60% in September. This sharp increase comes despite the Federal Reserve’s efforts to lower …

ETF Tracker Newsletter For October 4, 2024

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ETF Tracker StatSheet           You can view the latest version here. GOVERNMENT JOBS SOAR, PRIVATE SECTOR GROWTH LAGS [Chart courtesy of MarketWatch.com] The much-anticipated jobs report exceeded expectations, driving major indexes higher. However, the question remains: how much will these figures be revised in the future? Historically, six out of the last seven releases have been significantly downgraded. Nonfarm payrolls …

Market Uncertainty Prevails Amid Rising Oil Prices And Economic Concerns

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[Chart courtesy of MarketWatch.com] The stock market exhibited a pattern of bobbing and weaving today, as uncertainty dominated, and the major indexes fluctuated around their respective unchanged lines. October has started on a weak note, with sentiment dampened by escalating tensions in the Middle East and the uncertain impact and duration of the East Coast port strike. Both events are …

ADP Data Shows Strong Job Growth, Eyes On Friday’s Payroll Report

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[Chart courtesy of MarketWatch.com] The markets began the second day of October in negative territory, driven by escalating tensions in the Middle East. Despite this, the markets closed relatively unchanged, with China’s recent upward trend continuing, bolstered by their substantial stimulus program. Nike experienced a significant 7% drop after canceling its full-year guidance ahead of a new CEO’s arrival. Meanwhile, …