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☆ A big Fed meeting looms in the week ahead as economic concerns percolate
▼ + stars: | 2024-09-13 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The Federal Reserve is set to meet Tuesday and Wednesday — and is is widely anticipated to make its first interest rate cut after embarking on a hiking campaign in March 2022. As it is, stocks are headed for a winning week ahead of the meeting. On Friday, the CME FedWatch tool showed markets were split how big the rate cut would be. Investors will also watch what Fed policymakers will signal in its summary of economy projections regarding future policy moves. He worries that stocks will rally heading into the central bank meeting, with investors possibly selling the news afterward.

Persons: It's, disinflation, Chadha, CNBC's, Dave Sekera, Giuseppe Sette, Sette, BTIG's Jonathan Krinsky, Morningstar's Sekera, Bank Asset Management Group's Bill Northey, Mills, homebuilder Organizations: Federal, Deutsche Bank, Dow Jones, Nasdaq, Morningstar, U.S, Bank Asset Management Group's, Olive, Darden, FedEx, Index, Retail, Manufacturing, Housing, Philadelphia Fed Locations: U.S, Olive Garden, NAHB

☆ CNBC Daily Open: With all key data in, the Fed's policy path looks more uncertain
▼ + stars: | 2024-09-13 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Hotter-than-expected core, againThe U.S. producer price index, which measures the prices producers receive before retailers sell goods and services to consumers, rose 0.2% in August, according to the Bureau of Labor Statistics. However, like the consumer price index, core PPI came in 10 basis points higher than expected. But investors are ignoring two big risks to the market, said a chief investment officer of a wealth management firm.

Persons: Hong, Dow Jones, Sheila Kahyaoglu, Safra Catz, Bond Organizations: CNBC, Nasdaq, Dow Jones Industrial, Nikkei, U.S ., Bureau of Labor Statistics, PPI, Boeing, Jefferies, Oracle, Amazon, Google, Microsoft Locations: Asia, Pacific, U.S, Seattle, Oregon

☆ Federal Reserve will opt for slow policy easing as there's 'still work to do' on inflation, Fitch says
▼ + stars: | 2024-09-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

"One reason we expect Fed easing to proceed at a relatively gentle pace is that there is still work to do on inflation," the report said. On a month-on-month basis, inflation rose 0.2% from July. Core CPI, which excludes volatile food and energy prices, rose 0.3% for the month, slightly higher than the 0.2% estimate. The 12-month core inflation rate held at 3.2%, in line with the forecast. It took far longer than anticipated to tame inflation and gaps have been revealed in central banks' understanding of what drives inflation."

Persons: Fitch, Dow Jones Organizations: U.S, Fitch, Labor Department, CPI, Fed Locations: Federal

☆ Stocks are near record highs despite turmoil and 'erratic price action'
▼ + stars: | 2024-09-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite are headed for their fourth weekly gain in five weeks, up 3.5% and 5.3%, respectively. Those gains have come even after a massive but brief intraday sell-off Wednesday — which was quickly erased after the S & P 500 stayed above a key level. .SPX 5D mountain SPX 5-day chart Indeed, after all the wild swings, the S & P 500 is a scant 1.2% below an intraday record of 5,669.67 reached in July. "Erratic price action in equities suggests confusion amid ever changing market narratives," Cau wrote. "Therefore, equity price action may stay volatile and data dependent, until we get more clarity on the economic outlook."

Persons: Rob Ginsberg, Emmanuel Cau, Cau Organizations: Nasdaq, Dow Jones, Wolfe Research, Fed, Barclays Locations: U.S

☆ Here's what the Boeing strike might mean for flyers
▼ + stars: | 2024-09-13 | by ( Rob Wile | ) www.cnbc.com time to read: +3 min

Boeing workers went on strike Friday, the latest disturbance in what has proven a devastating year for the American aircraft manufacturer. Southwest had sharply brought down its delivery target for Boeing aircraft earlier this year. A United spokesperson said the carrier was working with Boeing to understand what the impact to the airline's delivery schedule might be. "There will probably be very little direct impact on consumers as a result of the Boeing strike," Harteveldt told NBC News. The previous Boeing machinists strike, in 2008, lasted nearly two months; however, in a note to clients, Bank of America analyst Ronald Epstein said the latest one could prove as short as a week.

Persons: Jon Holden, Henry Harteveldt, Harteveldt, Ronald Epstein, Boeing's Organizations: Aerospace Machinists, Boeing, Alaska Airlines, Southwest Airlines, International Association of Machinists, Aerospace Workers, Southwest, United, Atmosphere Research, NBC, Bank of America, FAA, Dow Locations: Seattle , Washington, U.S, Southwest, United, Renton , Washington

☆ Morgan Stanley analysts give their favorite stocks to own for the next 12 months
▼ + stars: | 2024-09-13 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

From e-commerce firm Amazon to pharmaceutical giant Eli Lilly , Morgan Stanley's top stocks to own for the next 12 months spans a wide array of sectors. The majority of Morgan Stanley's picks are tilted toward growth, with 67% of the picks meeting that classification. Here's a look at some of the stocks that Morgan Stanley says are worth owning over the next year. Amazon stock has added 23% in 2024. LLY YTD mountain Eli Lilly stock.

Persons: Eli Lilly, Morgan, Morgan Stanley's, Morgan Stanley, Brian Nowak's, Nowak, Terence Flynn's, Eli Lilly's, LLY, Flynn Organizations: Nasdaq, Dow Jones, Amazon, Pharma

☆ Stock market today: S&P 500 notches 5-day streak of gains ahead of next week's Fed meeting
▼ + stars: | 2024-09-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The S&P 500, Nasdaq 100, and Dow Jones all posted gains amid rate cut speculation. Odds of a 50 basis point cut rose sharply this week from about 30% to 49%. The S&P 500 and Nasdaq 100 notched a five-day win streak, while the Dow Jones Industrial Average surged almost 300 points. Odds are split 49% / 51% for a 50 basis point or 25 basis point rate cut, respectively. Advertisement"A less aggressive Fed rate outlook could spark some volatility given market expectations," Adam said.

Persons: Dow Jones, —, Raymond James, Larry Adam, Adam Organizations: Nasdaq, Service, Federal Reserve, Dow Jones, Dow, Open, Fed, Markets

☆ Walmart and Clorox are among the most overbought stocks on Wall Street. Here are some others
▼ + stars: | 2024-09-13 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +8 min

Retail giant Walmart is among this week's most overbought stocks, with an 14-day RSI reading of 81.7. The average price target on the Oakland, California-based stock is nearly 10% below the stock's current price, suggesting a pullback may lie ahead. Analysts estimate Halliburton and APA might rally nearly 60% each, while Occidental's price target is 38% above its current level. The average price target on the Oakland, California-based stock is nearly 10% below the stock's current price, suggesting a pullback may lie ahead. Analysts estimate Halliburton and APA might rally nearly 60% each, while Occidental's price target is 38% above its current level.

Persons: Clorox, Johnson, Let's, Gabby Jones, Cooper Organizations: Nasdaq, Dow Jones, CNBC Pro, Retail, Walmart, Consumer, Johnson, Energy, Halliburton, APA, . Occidental Petroleum, Occidental Petroleum, Pharmaceutical, Moderna, JPMorgan, Bloomberg, Getty, UDR UDR, Inc, Oracle Corp, CNBC, HAL Halliburton, APA APA Corp, Occidental Petroleum Corp, Walgreens, Body Locations: Arkansas, Oakland , California, Secaucus , New Jersey

☆ 2-year Treasury yield slides as investors assess interest rate outlook
▼ + stars: | 2024-09-13 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over four basis points to 3.6364%. The 2-year Treasury yield was last more than six basis points lower to 3.5824%. Attention began to turn to the Federal Reserve meeting next week at which the central bank is widely expected to cut interest rates. Traders were last pricing in a 59% chance of a 12-basis-point rate cut and a 41% probability of a 50-basis-point reduction, according to CME Group's FedWatch tool. The Fed's meeting is set to begin Tuesday before concluding Wednesday, with the interest rate decision and a post-meeting press conference.

Persons: Dow Jones Organizations: Treasury, U.S, Federal Reserve, Traders, PPI, Dow

☆ Wednesday's comeback shows why stocks may be volatile the rest of September
▼ + stars: | 2024-09-12 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S & P 500 and Nasdaq Composite shed as much as 1.6% and 1.4%, respectively. The S & P 500 and Nasdaq, meanwhile, posted gains of 1.1% and 2.2%, respectively. The comeback came as Wall Street struggles to find its footing in September, with seasonal headwinds and worries over the economy putting pressure on stocks. The S & P 500 has already posted four 1% moves in September. Correction: The Dow on Wednesday closed 124.75 higher, while the S & P 500 and Nasdaq gained 1.1% and 2.2%, respectively.

Persons: whiplash, Dow, Adam Crisafulli, Marco Iachini, Iachini, Steve Sosnick Organizations: Dow Jones Industrial, Nasdaq, Federal, Vital, Vanda Research, Interactive Brokers, Dow

☆ Jim Cramer lists 3 tech CEOs he's giving 'the benefit of the doubt'
▼ + stars: | 2024-09-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday listed the CEOs he trusts even when the market doesn't, primarily naming executives from top tech companies. Cramer said investors shouldn't doubt solid companies every time a negative data point surfaces. Cramer said he's giving Amazon 's Andy Jassy, Broadcom 's Hock Tan and Nvidia 's Jensen Huang "the benefit of the doubt." Tech stocks can be hampered by investors who don't completely understand the companies' operations or trajectories, according to Cramer. "In tech, the complexity is such that Wall Street often reaches conclusions that have little to do with reality."

Persons: CNBC's Jim Cramer, Cramer, he's, Andy Jassy, Hock Tan, Jensen Huang Organizations: Dow Jones Industrial, Nasdaq, Broadcom, Nvidia, Amazon Locations: Tan

A golden cross is a chart pattern in which a stock's 50-day moving average moves above its 200-day average. Given the more volatile backdrop, CNBC Pro screened FactSet for stocks that are forming or approaching a golden cross pattern. The health-care stock has a 50-day moving average of $103.31 and is approaching its 200-day moving average of $104.14. MarketAxess Holdings Meanwhile, the 50-day moving average of $230.11 for MarketAxess Holdings has already surpassed its 200-day moving average of $228.36, indicating possible future gains. Its 50-day moving average of $218.04 has also already passed its 200-day moving average of $215.18.

Persons: paring, Cardinal Health's Organizations: Dow Jones, Nasdaq, CNBC Pro, Health, Holdings, MarketAxess Holdings, SBA Communications SBA Communications, SBA Locations: Wednesday's

☆ Wholesale prices rose 0.2% in August, in line with expectations
▼ + stars: | 2024-09-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets set to lower interest rates. The core increase was the same when excluding trade services. On a 12-month basis, headline PPI rose 1.7%. On the PPI measure, services prices pushed much of the gain, with a 0.4% monthly increase driven by a rise in services less trade, transportation and warehousing. The release comes a day after the BLS reported that consumer prices rose 0.2% on the month in line with expectations.

Persons: Dow Jones Organizations: Federal Reserve, of Labor Statistics, PPI, Labor Department, BLS

☆ Stock futures are little changed after S&P 500 notches fourth-straight winning session: Live updates
▼ + stars: | 2024-09-12 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures were little changed Thursday evening as traders sought to shake off a sluggish September. S&P 500 futures traded near the flatline. Futures tied to the Dow Jones Industrial Average added just 0.03%, and Nasdaq 100 futures slipped 0.02%. During Thursday's regular trading, investors snapped up shares of Big Tech names, including Nvidia , lifting the S&P 500 and the Nasdaq Composite for a fourth consecutive day. The three major averages are also on track to post weekly gains, with the S&P 500 up 3.5% and the Nasdaq on track for a 5.3% jump.

Persons: Dan Greenhaus, Dow Organizations: Dow Jones, Nasdaq, Big Tech, Nvidia, Dow, Salesforce, Microsoft, Federal, Management Locations: U.S

☆ These 5 portfolio stocks crushed the volatile market since our August Monthly Meeting
▼ + stars: | 2024-09-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

It's been a topsy-turvy stock market since the Club's August Monthly Meeting. These were two of our top performers since the August Monthly Meeting. The stock closed nearly 5% higher on the eve of the September Monthly Meeting. The S & P 500's health care sector is up 2.2% since the August Monthly Meeting, slightly outperforming the broad index's 1.8% rise in that timeframe. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: It's, We've, Eli Lilly, Estee Lauder, Jerome Powell, it's, DA Davidson, Goldman Sachs, Goldman, Andy Jassy's, TJX, Jensen Huang, Abbott, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow Jones Industrial, Nasdaq, Investor, Federal, Procter, Gamble, Dover, Abbott Laboratories, TJX, Amazon, Micro Devices, Jackson, Bank of America, Telsey Advisory Group, JPMorgan, Oracle, Devices, AMD, Nvidia, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: seesaw, Wednesday's, U.S

☆ CNBC Daily Open: Looking past sticky core inflation
▼ + stars: | 2024-09-12 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The S&P 500 climbed 1.07%, the Dow Jones Industrial Average added 0.31% and the Nasdaq Composite shot up 2.17%. Core inflation, to which the Fed pays more attention because it more accurately reflects price movements, came in a bit higher than expected for the month. Core inflation was higher than the headline number because food and energy prices are stripped out from the former.

Persons: Spencer Platt, –, Jeff Cox, Pia Singh, Lisa Kailai Han Organizations: Getty, CNBC, Dow Jones, Nasdaq, Fed, of Labor Statistics, Nvidia, Reuters, U.S . House Locations: Brooklyn, New York City, U.S, Saudi Arabia

☆ Stock market today: Indexes rise as stocks whipsaw after inflation-fueled decline
▼ + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

US stocks traded mixed as traders reacted to a mixed inflation report. Core consumer prices rose more than expected, reducing chances of a 50 basis-point rate cut. AdvertisementUS stocks traded mixed on Wednesday, with investors staging a recovery after taking in a mixed inflation report. Odds for a 50 basis-point cut have been slashed by more than half to just 15%, according to the CME FedWatch tool. Markets will assess August producer price inflation data and weekly jobless claims on Thursday and fresh retail sales data next Tuesday.

Persons: —, Bill Adams, Jensen Huang, Goldman Sachs Organizations: Service, Dow Jones, Traders, Comercia Bank, Bank of America, Tech, Nvidia, Here's

☆ Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021
▼ + stars: | 2024-09-11 | by ( Jeff Cox | ) www.cnbc.com time to read: 1 min

Prices increased as expected in August while the annual inflation rate declined to its lowest level since February 2021, according to a Labor Department report Wednesday that sets the stage for an expected quarter percentage point rate cut from the Federal Reserve in a week. The consumer price index, a broad measure of goods and services costs across the U.S. economy, increased 0.2% for the month, in line with the Dow Jones consensus, the Bureau of Labor Statistics reported. That put the 12-month inflation rate at 2.5%, down 0.4 percentage point from the July level and compared to the estimate for 2.6%.

Persons: Dow Jones Organizations: Labor Department, Federal Reserve, of Labor Statistics Locations: U.S

☆ Cramer says to 'keep it simple' and celebrate any Fed rate cut as nerves run high
▼ + stars: | 2024-09-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

"I say keep it simple: Rate cuts are good," he said. "Small rate cuts are great, because they project confidence and give you a lot more rat cuts later on, and they do not allow for panic." While overall inflation declined to its lowest level since February 2021, one key metric rose slightly more than expected, disappointing some who hoped the Fed would make a 50 basis-point rate cut instead of a 25 basis-point cut. He stressed that even a smaller rate cut than hoped would be positive for many businesses. But Cramer stressed the palpable tension on Wall Street does not set the stage for any steadfast conclusions.

Persons: CNBC's Jim Cramer, Cramer, Jensen Huang's, Morgan Organizations: Federal, Dow Jones Industrial, Nasdaq, Nvidia, Broadcom, Fed

☆ Boeing should be kicked out of the Dow
▼ + stars: | 2024-09-11 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

The United States is no longer primarily an industrial economy, and the changes in the index over the last 126 years reflect that evolution. Beyond that, there are two other major issues indicating that Boeing no longer belongs in the Dow. Trying to stay relevantBoeing obviously wasn’t an early component of the Dow — the index started seven years before the first plane flew at Kitty Hawk, and 20 years before Boeing was incorporated. In 2020, the Dow dropped ExxonMobil, then struggling with low oil prices during the pandemic, and added tech company Salesforce, then on a tear. Boeing declined to comment when asked about its membership in the Dow.

Persons: ”, Ron Epstein, Dow, Max, That’s, Sam Stovall, Kitty Hawk, “, ” Stovall, Stovall, — Organizations: New, New York CNN, Dow Jones, New York Stock Exchange, Nasdaq, Boeing, Bank of America, Steel, Disney, Dow, Alaska Airlines, Federal Aviation Administration, CFRA Research, Electric, Lockheed, GE, GE Aerospace, ExxonMobil, Airbus Locations: New York, United States, Alaska, Ukraine

☆ Steve Eisman of 'Big Short' fame not worried about banks or economy
▼ + stars: | 2024-09-11 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Steve Eisman of "The Big Short" fame said he's unfazed by the weakness in bank stocks as well as any uncertainty around the Federal Reserve's next easing cycle. To Eisman, there's nothing to worry about. Eisman shot to fame by shorting collateralized debt obligations to profit from the demise of subprime mortgage loans before the 2008 financial crisis. Wednesday's data showed the consumer price index , a broad measure of goods and services costs across the U.S. economy, increased 0.2% in August , in line with the Dow Jones consensus. The economy Concerns about lower-income consumers have also increased recently, but Eisman said they are not indicative of a systemic issue endangering the wider economy.

Persons: Steve Eisman, he's, Neuberger Berman, shorting, Michael Lewis's, Eisman, Dow Jones Organizations: Federal, JPMorgan, Ally Financial, Dollar Locations: U.S

☆ Markets get nervous over high core inflation and see the Fed cutting slowly
▼ + stars: | 2024-09-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Stubbornly high core inflation virtually cemented the likelihood of a quarter percentage point cut from the Federal Reserve, which historically has avoided larger moves unless absolutely necessary. Shelter inflation is putting a floor under the CPI and likely keeping the Fed from reducing interest rates by more 25 basis points. "History back to 1990 supports the idea that an initial Fed rate cut of 50 basis points signals an imminent recession (2001 and 2007). "Their first cut will almost certainly be 25 basis points," Colas said. But the Fed, which targets inflation at 2%, prefers core readings as a better longer-term gauge for inflation.

Persons: Dow Jones, —, Nick Colas, Jerome Powell, Colas, That's Organizations: Federal Reserve, Labor Department, CPI, Fed, Traders, Open Market, PCE

☆ Stock market today: Stocks fall as annual inflation slows but monthly CPI notches surprise increase
▼ + stars: | 2024-09-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Core inflation rose 0.3% in August, slightly above economists' expectations. Meanwhile, investors dashed their hopes for a 50 basis point rate cut from the Fed next week. AdvertisementUS stocks traded mixed on Wednesday as investors took in last month's inflation report, which showed an unexpected increase in the monthly core consumer price index. Bond yields rose as traders readjusted expectations for a jumbo rate hike of 50 basis points at next week's Federal Open Market Committee meeting. AdvertisementThe surprise increase led investors to almost completely discount the possibility of a 50 basis point rate cut at the Fed's next policy meeting.

Persons: —, Josh Jamner, Jack McIntyre Organizations: Fed, Service, Dow Jones, ClearBridge Investments, Brandywine Global Locations: Here's

☆ Stock futures inch lower as investors brace for more inflation and labor data: Live updates
▼ + stars: | 2024-09-11 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on September 04, 2024 in New York City. U.S. stock futures inched lower Wednesday night as investors brace for more inflation and labor data, following a volatile session spurred by the release of the August consumer price index. S&P 500 futures and Nasdaq 100 futures dipped 0.07% and 0.13%, respectively. Stocks dropped earlier in the day when August's consumer price index showed an uptick in core inflation, which excludes volatile food and energy prices. Wall Street is anticipating the release of the August producer price index on Thursday.

Persons: Stocks, Lauren Goodwin, CNBC's, — that's, Goodwin, Dow Jones, Kroger Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Investors, Dow, Fed, New York Life Investments, Adobe Locations: New York City . U.S

☆ Two key inflation reports this week will help decide the size of the Fed's interest rate cut
▼ + stars: | 2024-09-10 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely expected interest rate cut soon. On Wednesday, the Labor Department's Bureau of Labor Statistics will release its consumer price index report for August. With the issue virtually settled over whether the Fed is going to cut rates when it wraps up the next policy meeting Sept. 18, the only question is by how much. "Inflation data has taken a backseat to labor market data in terms of influence on Fed policy," Citigroup economist Veronica Clark said in a note. "But with markets — and likely Fed officials themselves – split on the appropriate size of the first rate cut on September 18, August CPI data could remain an important factor in the upcoming decision."

Persons: Veronica Clark, Dow Organizations: Federal Reserve, Labor Department's Bureau of Labor Statistics, BLS, CPI, Citigroup, Fed, PPI

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