U.S. stocks are heading for another rough session Thursday as a stock market selloff sparked by hotter-than-expected September inflation rolls into its fourth day. Nasdaq futures pointed to a drop of about 1.2% in premarket trading, while S&P 500 futures slipped roughly 0.3% and Dow futures edged up about 0.2%, according to morning market readings … Read more
The September CPI report delivered an unwelcome surprise on Wednesday morning, as U.S. consumer prices accelerated to 3.7% year-over-year in September, up from 3.4% in August and above the 3.6% economists surveyed by the Wall Street Journal had expected. Core inflation, which excludes volatile food and energy costs, also topped forecasts, intensifying pressure on the … Read more
The 10-year Treasury yield hit a fresh 24-year high on Thursday, touching 5.342% — its highest since early 2002 and above the 2007 peak — as a brutal bond selloff gathered pace, according to Reuters. The move capped a record quarterly surge and signals just how far the era of cheap money is in the … Read more
The September jobs report came in hotter than expected. U.S. private employers added 90,000 jobs in September, according to ADP, easily beating the 70,000 forecast and more than doubling August’s revised gain of 36,000. The upside surprise signals the labor market still has some fight left — and it arrives on a morning packed with … Read more