Tuesday, October 1, 2019

Fed chair Jerome Powell shows the market who's in charge

Federal Reserve chair Jerome Powell has been roundly criticized by President Donald Trump for not cutting rates fast enough and by investors for possibly ignoring signs of a slowdown. Here's a hot take for you: Powell is actually doing a good job.
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Fed chair Jerome Powell shows the market who's in charge
Federal Reserve chair Jerome Powell has been roundly criticized by President Donald Trump for not cutting rates fast enough and by investors for possibly ignoring signs of a slowdown. Here's a hot take for you: Powell is actually doing a good job. Read more »
 
Dow and S&P record worst day in more than 5 weeks after dour US manufacturing report
The Dow and the broader US stock market are set to start the fourth quarter off higher. The market is treating no trade news as good news. Read more »
 
America's factories just suffered their worst month in a decade
In the surest sign yet that the trade war is hurting the American economy, manufacturing activity contracted in September to a 10-year low. Read more »
 
Airbnb could save the IPO market...in 2020
Silicon Valley may encourage unicorns to grow for growth's sake. Wall Street is far less forgiving. Read more »
 
JPMorgan says forget Brexit and a German recession, it's time to buy European stocks
Despite a looming Brexit, political uncertainty in Italy and a likely German recession, this is the moment to buy European stocks, according to JPMorgan. Read more »
 
Charles Schwab will eliminate commissions for stock and ETF trading. The online broker wars are heating up
Charles Schwab fired the latest shot in the war over fees charged by online brokers, announcing Tuesday that it plans to eliminate commissions for trading stocks, ETFs and options on its mobile and web platforms. Read more »
 
 
 
 
Dow Nasdaq S&P
-343.79   -90.65   -36.49
26,573.04   7,908.69   2,940.25
-1.28%   -1.13%   -1.23%
YTD +13.91%   YTD +19.19%   YTD +17.29%
 
Biggest Winners
McCormick & Company Inc +6.81%
 
Ulta Beauty Inc +6.12%
 
Philip Morris International Inc +2.50%
 
Visa Inc +1.33%
Biggest Losers
E*TRADE Financial Corp -16.43%
 
Charles Schwab Corp -9.73%
 
Cimarex Energy Co -5.47%
 
Diamondback Energy Inc -5.46%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $53.95 +0.33 / +0.62%
Gold $1,486.20 -2.80 / -0.19%
10-yr 1.64% -0.03
Euro $1.09 +0.00 / +0.33%
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