Good MorningStocks ended the day lower after the S&P 500 initially reached an intra-day high. Even the tech-heavy NASDAQ finished in the red despite an additional 2% increase in NVIDIA stock. The VIX ended the day higher, as did gold.
One day doesn't make a pattern, but with earnings season two weeks away, investors could be looking at economic indicators. If that's the case, they got disappointing news from August home sales, which were down 4.7%.
Their attention will now shift to the final reading on second-quarter GDP, which will be released on Thursday morning. On Friday, investors will get the latest reading of the PCE index.
Investors aren't expecting any surprises at this time. But as the saying goes, "That's why they play the games." Any negative surprises could fuel recession fears and push stocks lower. Featured: "Doomsday indicator" flashing for the first time since the Great Depression... (Behind the Markets) 
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Markets | | | When companies announce their quarterly earnings results, they can often get sucked into the market's price action for that day, especially if other news or economic data come in to trump the importance of the quarterly release for that stock. That is the case today with shares of AutoZone Inc. ... Read the Full Story |
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Markets | | | Carvana Co. (NYSE: CVNA) is one of the best-performing retail stocks in 2024, up more than 230% as markets closed on September 24, 2024. This continues a run that started in late 2023 that has sent the stock up by more than 317%. The company is known for its “vending machine” approach ... Read the Full Story |
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Markets | | | World shares surged Thursday following reports that China plans to spend billions of dollars to help rebuild the capital of state-run banks and provide other fiscal support for the economy.The slowdown in China's economy has weighed on trade and global growth, and blasts of stimulus from Beijing hav... Read the Full Story |
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Markets | | | The rush for gold just keeps coming.Gold hit another all time high this week. Recent gains for the precious metal are largely credited to ongoing economic uncertainty, geopolitical tensions and strong demand from central banks around the world. If trends continue, analysts have bullish outlooks on t... Read the Full Story |
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Markets | | | China is redoubling its first-aid for the economy, targeting banks, workers and poor families as the ruling Communist Party prepares to mark the 75th anniversary of the founding of the People's Republic Read the Full Story |
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Stocks | | | Leaders of Southwest Airlines are set to explain how they plan to remodel the airline to change with consumer tastes -- and maybe keep their own jobs.They will give more details at an investor meeting Thursday about dumping so-called open seating, charging a premium for the best seats, and launching... Read the Full Story |
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Markets | | | A treasury bill is a short-term government debt security offering a high level of security and low risk. When you purchase a treasury bill, you essentially lend money to the government to complete short-term projects with timelines of less than one year. Because these investments are backed by the... Read the Full Story |
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Markets | | | The executive board of the International Monetary Fund has approved a new $7 billion loan for cash-strapped Pakistan, authorities said Wednesday, more than two months after the two sides said they had reached an agreement. The loan — which Islamabad will receive in installments over 37 months — is a... Read the Full Story |
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Markets | | | The future of the transportation sector is taking flight, literally. Archer Aviation Inc. (NYSE: ACHR) is at the forefront of the rapidly evolving urban air mobility (UAM) market, designing and developing electric vertical takeoff and landing (eVTOL) aircraft. This innovative technology has the ... Read the Full Story |
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Markets | | | GE Vernova (NYSE: GEV) is a relatively new stock that has nearly doubled its value since it started trading in March. The stalwart American firm General Electric (NYSE: GE) spun it off, and it is now a $70 billion industrial company. Even after a massive price increase, several Wall Street an... Read the Full Story |
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Thursday's Early Bird Stock Of The Day I-Mab, a clinical stage biopharmaceutical company, discovers, develops, and commercializes biologics to treat cancer and autoimmune disorders. It is developing Felzartamab, a CD38 antibody that is in Phase 1b/2a for patients with membranous nephropathy; Eftansomatropin alfa, a long-acting growth hormone, which has completed Phase 3 clinical trials to treat pediatric growth hormone deficiency; Efineptakin alfa, a recombinant human IL-7 that is in Phase 2 for cancer treatment-related lymphopenia a... | | View Today's Stock Pick |
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