Mahesh Vandi Chalil

Stock Market Today: Stocks slip on growth worries as rally fades by Martin Baccardax via The Street: Stock Market ([Global] oracle cloud) URL: https://ift.tt/ztLjFmi Check back for updates throughout the trading day U.S. equity futures moved lower in early Tuesday trading, while Treasury yields and the dollar held steady, as investors adopted a cautious stance heading into tonight's presidential debate while looking to a key inflation report later in the week. Stocks finished firmly higher on Monday, with the S&P 500 rising 1.16% by the close of trading, matching gains for the tech-focused Nasdaq, as investors looked to claw back losses from last week's slump, the worst in more than a year.  Bereft of major economic data releases, and nearing the end of the second quarter earnings season, markets are largely moving on sentiment this week as investors wait for Wednesday's August inflation report while eying the Federal Reserve's September 18 policy decision.  However, even with the Atlanta Fed's GDPNow forecasting tool being upgraded to a current quarter growth rate of 2.5% on Monday, markets continue to fret over perceived recession risks and a Fed policy error.  Related: Bond market sends startling signal for stocks Global oil prices partly reflect those growth concerns, and continued their weeks-long selloff in overnight trading with Brent crude futures, the global benchmark, falling another 93 cents to $70.91 per barrel, the lowest since late last year. Uncertainty tied to the U.S. presidential race is also a factor in the market's recent slump, as polls continue to show an effective dead-heat between Vice President Kamala Harris and former President Donald Trump. The pair will face off this evening in their first, and likely only, televised debate on Disney-owned DIS ABC later this evening.  Heading into the start of the trading day on Wall Street, futures contracts tied to the S&P 500 suggest a 4 point opening bell decline while those linked to the Dow Jones Industrial Average are priced for a 10 point pullback. The Nasdaq, meanwhile, is called 53 points lower. Stocks on the move include Apple  (AAPL) , which fell 1.2% in premarket trading to $218.30 each following its iPhone 16 launch event yesterday, which unveiled a series of new AI features that will roll out over the coming months. The tech giant also lost its years-long battle to avoid a $14.4 billion tax payment to the Republic of Ireland. Oracle  (ORCL)  shares were also active, surging 8.8% to $152.20 each after the cloud-focused software group topped Street forecasts for its fiscal first quarter earnings. More Wall Street Analysts: Analyst says Intel should drop a key business to survive Analysts adjust Bookings.com stock price target on travel market Analysts place bets on Las Vegas strip casino stocks In overseas markets, European stocks were little-changed in early trading, with the Stoxx 600 benchmark rising 0.06%, with Britain's FTSE 100 falling...

Interest Rate Optimism May Lead To Strength On Wall Street by via Live Forex news ([Global] Oracle Advanced Analytics) URL: https://ift.tt/PBa2k4V The major U.S. index futures are currently indicating a higher opening on Tuesday, following a mixed performance in the previous session. Optimism about the outlook for interest rates, ahead of the Federal Reserve's monetary policy announcement on Wednesday, is likely to push stocks higher. Although a rate cut is widely expected, there remains some debate regarding its size. According to CME Group's FedWatch Tool, there is a 67.0% probability of a half-point rate cut and a 33.0% likelihood of a quarter-point cut. Regardless of whether the Fed cuts rates by 25 or 50 basis points, continued rate reductions are anticipated throughout the remainder of the year. Futures remained positive after a Commerce Department report revealed an unexpected, modest increase in U.S. retail sales for August. Retail sales ticked up by 0.1% in August, following a revised 1.1% surge in July, surprising economists who had forecast a 0.2% decline compared to the 1.0% jump originally reported for the previous month. Excluding a minor pullback in sales by motor vehicle and parts dealers, retail sales edged up by 0.1% in August after rising by 0.4% in July. Ex-auto sales were expected to increase by 0.2%. U.S. stocks ended Monday on a mixed note, as investors exercised caution ahead of the Federal Reserve's upcoming announcement. The Dow achieved a new record high, closing up 228.30 points, or 0.6%, at 41,622.08. The S&P 500 recorded a slight gain, rising 7.07 points, or 0.1%, to settle at 5,633.09, while the Nasdaq fell by 91.85 points, or 0.5%, to 17,592.13. Notable gainers included Oracle Corporation, which rose over 5%, and stocks like Meta Platforms, Accenture, Cisco Systems, and IBM. Financial giants such as Bank of America, Wells Fargo, Goldman Sachs, JP Morgan Chase, Citigroup, and Morgan Stanley also posted strong gains. Visa Inc. and Mastercard concluded the day on a firm note. Energy stocks Exxon Mobil Corporation and Chevron Corporation recorded significant gains. Other notable gainers included Procter & Gamble, Merck, Abbott Laboratories, and Pfizer. Companies like T-Mobile, Linde, GE Aerospace, Verizon Communications, Blackstone, AT&T, Nike, and Walt Disney also advanced noticeably. Conversely, stocks such as Tesla, Broadcom, Adobe Inc., Amazon, Nvidia Corporation, Apple Inc., and Intuit Inc. ended with losses ranging from moderate to sharp. On the economic front, the Federal Reserve Bank of New York released a report indicating regional manufacturing growth for the first time in nearly a year in September. The general business conditions index surged to a positive 11.5 in September from a negative 4.7 in August, exceeding economists' expectations of a negative 3.9. The significant increase in the headline index was partly due to a sharp turnaround in new orders, which spiked to a positive 9.4...