Written by Gary
US stock markets rose today (SPY +0.3%), with the Dow hitting the 22,000 mark for the first time in more than two weeks.
Here is the current market situation from CNN Money | |
North and South American markets are mixed today. The Bovespa is up 1.93% while the S&P 500 gains 0.33%. The IPC is off 0.11%. |
Traders Corner – Health of the Market
What Is Moving the Markets
Here are the headlines moving the markets. | |
Wall St. higher as tepid jobs data lowers rate hike chance(Reuters) – U.S. stocks rose on Friday, with the Dow hitting the 22,000 mark for the first time in more than two weeks, after a tepid August jobs report increased the likelihood of the Federal Reserve holding back on raising interest rates again this year. | |
Looming debt ceiling deadline pushing some U.S. fund managers to cashNEW YORK (Reuters) – A potential standoff over the U.S. federal debt ceiling is raising alarm bells among fund managers who fear a repeat of 2011 when a protracted showdown over increasing the government’s borrowing limit and subsequent downgrade of U.S. credit quality led to a more than 15 percent slump in the S&P 500 stock index. | |
Federal Reserve finalizes rules to help unwind big banksWASHINGTON (Reuters) – The Federal Reserve on Friday finalized a new rule that should make it easier to wind down systematically important U.S. banks by creating a safe harbor for financial contracts after a firm defaults. | |
Dow, DuPont complete planned merger to form DowDuPont(Reuters) – Dow Chemical Co and DuPont said on Friday the companies had successfully completed their planned $130 billion merger to form DowDuPont. | |
U.S. job growth slows in August; wage growth retreatsWASHINGTON (Reuters) – U.S. job growth slowed more than expected in August after two straight months of hefty gains, but the pace of increase should be more than sufficient for the Federal Reserve to announce a plan to start trimming the massive bond portfolio it built to support the economy. | |
Lululemon is leaning toward men to bolster growth(Reuters) – Lululemon Athletica Inc is coming off two straight quarters of solid growth and is forging ahead with expansion plans that include a focus on menswear, a move that could breathe life into an ailing athleisure market. | |
FDA approves Pfizer’s leukemia drug(Reuters) – The U.S. Food and Drug Administration (FDA) on Friday approved Pfizer Inc’s drug, Mylotarg, for certain patients with acute myeloid leukemia (AML). | |
Shares rise as automakers look to replace Houston’s drowned carsDETROIT (Reuters) – The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their shares higher. | |
Volvo shares jump on truck maker’s new margin targetSTOCKHOLM (Reuters) – Shares in truck maker Volvo jumped more than 7 percent on Friday after the Swedish firm targeted the highest level of profitability since the sale of its car making arm to Ford nearly two decades ago. | |
Harvey Causing “Unprecedented” Disruptions To Supplies Of “Essential” ChemicalsThe unprecedented destruction wrought by Hurricane Harvey will impact the US economy in ways may not be immediately apparent. Until recently, coverage of the storm’s impact has focused on property damage and the impact on the energy industry. But in a story published Friday, Bloomberg explains the devastating impact the storm has had on Texas’s chemicals industry, which is already causing supply-chain headaches for American manufacturers who’re struggling to source the chemicals required to produce plastics and other components used in everything from milk jugs to car parts. Indeed, if Texas’s chemicals plants are closed for an extended period, production at a potentially huge number of American manufacturers to grind to a halt. More than 60% of the US’s production capacity for ethylene – one of the most important chemical building blocks for American manufacturers – has been taken offline by the storm, a development that could ripple across the US manufacturing industry.
Ethylene, the gas given off by fruit as it ripens, occurs naturally, but it’s also a crucial product of the $3.5 trillion global chemical industry, with facto … | |
Establishment Turns on ANTIFA; It’s Now Quite Fashionable to Condemn ThemContent originally published at iBankCoin.com In the September issue of The Atlantic, the cosmopolitan political magazine for globalist elites, the topic of ANTIFA was broached. I wouldn’t call their assessment of the alt-left group a rebuke, but instead a mild chastising.
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Only In California: Sacramento To Pay Gang Bangers A Cash Stipend If They Stop Killing PeopleAuthored by Mac Slavo via SHTFplan.com, You’re probably thinking this is a satirical report from The Onion. We thought so, too. But be assured it’s very real, as reported by Fox 40 Sacramento:
Beca … | |
Why it’s nearly impossible to trade Currencies with success(Elite E Services) — 9/1/2017 — As we have explained in our book Splitting Pennies – trading FX is nearly impossible; or at least, it may be possible for some time, but in the long run, it’s a near certainty that without the use of professional algorithmic trading systems you will blow up your account. That’s because of the dynamics of how FX works vs. other markets. In traditional markets, there is a bias towards positive movement; all CEOs of public companies want their stock to go higher. Bull traders, 401k investors, pension funds – basically everyone wants the stock market to go up. The short sellers aren’t ‘pessimists’ so much as ‘realists’ that over-inflated P/E ratios are a sign for a crash from unrealistic levels. This is NOT the case in FX. Currency markets have opposing forces like ‘gravity’ and ‘anti-gravity’ – every country wants both a strong currency and a weak currency. This may seem illogical, welcome to the world of Currency! The reason is simple – exporters want a cheap currency and importers want a strong currency. Politicians usually favor a weak currency because it’s good domestically and big business favors a strong currency (at least in the USA) because USA is a net importer. Let’s have a look at today’s U … | |
A Jobs Pause That RefreshesThe labor market may be cooling just enough to put the Federal Reserve’s mind at ease about slack in the economy, making further rate increases in 2017 much less likely. | |
Meg Whitman Has a Different Mess to Clean UpHewlett Packard Enterprise faces many challenges, including earnings next week and the question of why its CEO was looking elsewhere. | |
Wait Before Investing in Music Industry’s RecoveryUpbeat results from the world’s largest music company aren’t enough to make parent company Vivendi an appealing investment. | |
Called to Account: Is Jack Daniel’s maker Brown-Forman skirting SEC accounting rules?Brown-Forman Corp., the maker of Jack Daniel’s whiskey, reported better-than-expected earnings this week, but a closer look at the numbers has revealed a number of issues that have drawn scrutiny from the Securities and Exchange Commission for other companies. | |
Labor complaint filed against Tesla won’t hurt the stock, analyst saysOngoing tension between union of workers and Tesla is likely to persist, but there’s no risk to the stock, analysts at Evercore ISI say. | |
The New York Post: Video shows Utah nurse screaming ‘this is crazy’ as she’s arrested for doing her jobA nurse in Utah was forcibly arrested after she refused to draw blood from an unconscious patient, screaming “I’ve done nothing wrong” as an officer dragged her out of a hospital. |
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