. Sales increased 0.7% for the month compared with estimates of a 0.8% decline. In a separate report, initial jobless claims for the week ended Sept. 11 came in higher than expected, rising to 332,000 from the prior week's pandemic-era low, which was revised slightly higher to 312,000.
Investors are looking at Thursday's data for signals on how the economy is weathering Covid and how that might figure into the's thoughts on when to start tapering bond purchases. Central bankers are set to hold their two-day September meeting next week. The Fed's policy statement next Wednesday and Fed chief Jerome Powell's news conference are wild cards during an already particularly weak period for stocks. Historically, the bulk of September's losses come in the back half of the month. In fact, it appears the S&P 500 usually peaks around the 17th day of the month, which is this Friday.So far in September, the index was down nearly 1%. The Dow and Nasdaq, for the month, were down 1.5% and 0.6%, respectively.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DeFi Is Crypto’s Wall Street, Without a Safety NetStreetwise: DeFi, or decentralized finance, is a do-it-yourself crypto version of investment banking, with high rewards and huge risks come to PancakeSwap tranchess
Source: WSJ - 🏆 98. / 63 Read more »
Wall Street rallies on crude price jump, economic dataU.S. stocks ended higher on Wednesday as surging crude prices boosted energy shares and a swath of positive U.S. data suggested inflation has crested and the economic recovery remains robust, prompting a broad rally. wow
Source: Reuters - 🏆 2. / 97 Read more »
Manchin’s Voting Rights Compromise Quickly Hits Brick Wall With GOPSen. Roy Blunt said he is 'pretty confident' the bill won't get 10 GOP votes after Sen. Susan Collins said the it has 'fundamental problems.' What have you all done to assist senior citizens? Such as food.programs, secondary insurance, tax breaks on age some states already on board. Virginia you have to jump through too.many hoops.
Source: Forbes - 🏆 394. / 53 Read more »
Primo's, one of L.A's top doughnut shops, is opening in WestwoodStalwart doughnut shop Primo’s is set to debut its second location on Sept. 18. Whoo-Hoo!
Source: latimesfood - 🏆 699. / 51 Read more »
What to watch today: Dow futures flat after 30-stock average dropped sharplyU.S. stock futures were little changed after the Dow gave up gains at Tuesday's open and closed down 292 points.
Source: CNBC - 🏆 12. / 72 Read more »
Credit Suisse upgrades Cisco to outperform, says stock can jump nearly 30%New for subscribers: Credit Suisse upgrades Cisco to outperform, says stock can jump nearly 30%. Check out CNBCPro today. Pro good
Source: CNBC - 🏆 12. / 72 Read more »