US EditionWall Street Hits Record Highs As Rate Cut Bets Offset Shutdown: This Week In Markets - Pfizer (NYSE:PFE)
Investors brace for earnings season amid a government shutdown that may delay economic data while the S&P 500 rises 14%, hitting 30 record highs this year.
- Next week, the U.S. government shutdown tops investors' agenda as few expect the Washington impasse to derail a rally lifting the S&P 500 by 14% to record highs.
- Amid partisan gridlock in Washington, a deep rift has caused a federal shutdown that risks delaying Bureau of Labor Statistics data and leaving the Federal Reserve without key inputs ahead of Oct. 28.
- With Nvidia reaching a $4.5 trillion market value, tech drives the rally as analysts expect third-quarter earnings from S&P 500 companies to rise 8.8%.
- Market indicators show approximately 99% of bets favor a rate cut later this month, while investors treat shutdown risks as manageable amid benchmarks at record highs.
- Hardika Singh warned, `This time, a shutdown is going to matter`, as the coming weeks could see the rally weaken if the impasse continues, affecting Fed decisions.
28 Articles
28 Articles
Associated Press News
DC’s shutdown hasn't stopped the stock market. Here’s what may
The U.S. stock market continues to rise despite the government's latest shutdown. The S&P 500 and Dow Jones Industrial Average hit all-time highs on Friday.
Wall Street ended the week with solid profits on Friday, showing that its focus is firmly anchored in the promise of Artificial Intelligence (IA).This optimism was maintained despite the closure of the federal government, which had a tangible impact by delaying the publication of the monthly employment report.The main averages closed the week with earnings above 1%.At Friday's session:The Dow Jones Industrial Average (^DJI) briefly touched the 4…
GLOBAL MARKETS-No payrolls, no problem as Wall Street extends run of highs
GLOBAL MARKETS-No payrolls, no problem as Wall Street extends run of highs World stocks were on course for a solid weekly gain and more record highs as the seemingly unstoppable rally in tech shares and expectations of lower U.S. interest rates helped to offset uncertainty surrounding the U.S. government shutdown. News late in the day that Palestinian militant group Hamas would agree to some of the terms in U.S. President Donald Trump's plan to …
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