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☆ CNBC Daily Open: Shiny September days for stocks
▼ + stars: | 2024-09-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Brendan Mcdermid | ReutersThis 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. Stocks' defiant showing this September was helped by positive sentiment generated by the U.S. Federal Reserve's jumbo rate cut and upbeat economic data. Relatedly, the University of Michigan's consumer sentiment index for September rose to a better-than-forecast 70.1 from 67.9 in August. "Inflation continues to keep its head down, and while economic growth may be slowing, there's no indication it's falling off a cliff."

Persons: Brendan Mcdermid, Chris Larkin, Morgan Stanley, –, Jeff Cox, Brian Evans, Pia Singh Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, U.S, U.S . Federal, University of, U.S . Bureau, Atlanta Locations: U.S .

☆ CNBC Daily Open: Stocks are dancing in September
▼ + stars: | 2024-09-30 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Andrew Kelly | ReutersThis 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. Stocks' defiant showing this September was helped by positive sentiment generated by the U.S. Federal Reserve's jumbo rate cut and upbeat economic data. Relatedly, the University of Michigan's consumer sentiment index for September rose to a better-than-forecast 70.1 from 67.9 in August. "Inflation continues to keep its head down, and while economic growth may be slowing, there's no indication it's falling off a cliff."

Persons: Andrew Kelly, Chris Larkin, Morgan Stanley, –, Jeff Cox, Brian Evans, Pia Singh Organizations: New York Stock Exchange, Reuters, CNBC, Nasdaq, Dow Jones, U.S, U.S . Federal, University of, U.S . Bureau, Atlanta Locations: U.S .

☆ Sit out the September roller coaster with these steady stocks
▼ + stars: | 2024-09-09 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A handful of stocks could prove to be smooth sailing for investors looking to ride out a historically volatile September. Stocks got off to a shaky start this month, with last week marking the worst performance since March 2023 for the S & P 500. Shares have advanced about 55% in 2024, and analysts polled by LSEG forecast nearly 11% upside ahead for the pharmaceutical stock. TJX YTD mountain TJX Companies stock. Analysts polled by LSEG forecast more than 12% upside ahead for TJX stock.

Persons: Stocks, Eli Lilly, TJX Organizations: CNBC Pro, CNBC, LSEG, Wall, Marshalls, Brands, Companies, Omnicom, Kroger Locations: Maxx

☆ September's poor history is hard to ignore, but market has many things on its side including the Fed
▼ + stars: | 2024-09-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +7 min

The good news outweighs the bad Seasonality aside, the market is riding a wave of momentum, and with good reason: 1) The market "broadening" trend is very real. At Jackson Hole, chairman Jerome Powell made it clear that the Fed had shifted its attention from fighting inflation to the job market. S&P 500 in September: It's been ugly recently (rounded) 2023: down 5%2022: down 9%2021: down 5%2020: down 4% The elections are another wildcard. Two-thirds of the S&P 500 was up in August. Most importantly, the Equal-Weight S&P 500 (RSP) modestly outperformed the S&P 500 in August and closed Friday at an historic high.

Persons: Frank Gretz, Wellington Shields, Robert Hum, It's, Consumer Staples, Jerome Powell, David Smith, Brendan McDermid Organizations: Dow, NASDAQ, Russell, NYSE, Megacap Tech, Apple, Nvidia, Microsoft, Consumer, Estate, Technology, American Association of, Bulls, PCE, Fed, Rockland Trust, CNBC, Traders, New York Stock Exchange Locations: Wellington, Meta, Rockland, New York City, U.S

☆ Beware of a bitcoin backslide to $50,000 as it enters historically worst month of the year
▼ + stars: | 2024-09-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin slid 10.25% for its worst month since April, while ether dropped 23.66% in its third monthly drawdown and worst month since June 2022. "It's not a pretty picture across the crypto landscape at the moment," said Rob Ginsberg, chart analyst at Wolfe Research. "Bitcoin is still stuck in a descending trading range as price gradually deteriorates off the March high. Historically, September is the worst month for bitcoin — and other markets too, like U.S. stocks. Bitcoin has been stuck in a range between $50,000 and $70,000 since April and is likely to stay there for another a month at least.

Persons: Bitcoin, bitcoin, Rob Ginsberg, Ginsberg, bitcoin —, they've, Alex Thorn, Thorn, Trump, Harris, John Todaro, — CNBC's Michael Bloom, Nick Wells Organizations: Wolfe Research, bitcoin, Galaxy, U.S, Needham, Federal Locations: U.S, Germany, Gox

☆ As heat levels climb, so do power bills. Here’s how you can keep costs down
▼ + stars: | 2024-07-04 | by ( Erika Tulfo | ) edition.cnn.com time to read: +5 min

But on the tail of a record-breaking heatwave that swept the Midwest and Northeast, she’s finding it difficult to keep costs down. Americans’ power bills are expected to soar this summer, as heat waves have already begun baking parts of the country. But keeping your AC off when you’re not home may actually result in higher bills later on. In an aerial view, high voltage power lines run along the electrical power grid on May 16, 2024, in West Palm Beach, Florida. A higher rating indicates lower energy consumption levels and, in turn, lower costs of cooling.

Persons: Emma Corrado, “, ”, Corrado, Annie Carforo, Carforo, Anthony Behar, SIPPL, Jamie McShane, Con Edison, ” Carforo, you’re, Mark Wolfe, Wolfe, Joe Raedle, ” McShane, Con, ” Wolfe Organizations: CNN, University of Wisconsin -, WE ACT, Environmental Justice, Costco, Department of Energy, National Energy Assistance, Association Locations: University of Wisconsin - Madison, Midwest, Madison , Wisconsin, York, Queens, New York City, NY, New York, acclimate, West Palm Beach , Florida, Bronx , Brooklyn, Manhattan, Westchester

HONG KONG (AP) — Asia markets mostly advanced Friday after Wall Street recouped most of the week's earlier losses and Japan reported slowing inflation, which may keep its ultra-low interest rates steady. Japan’s inflation slowed for a second straight month, increasing the chance that the Bank of Japan will keep its ultra-low interest rates unchanged at its meeting next week. Hong Kong stocks were on track for their third consecutive week of losses as investors remain worried about the gloomy economic prospects. The market was broadly steadier as Treasury yields in the bond market slowed their jump from earlier in the week. On the losing end of Wall Street were several financial companies that reported weaker results for the end of 2023 than analysts expected.

Persons: Australia’s, Taiwan’s Taiex, homebuilders, KeyCorp, Brent Organizations: —, Nikkei, Bank of Japan, Taiwan Semiconductor Manufacturing, Dow Jones Industrial, Nasdaq, Big Tech, Apple, Broadcom, Federal Reserve, Treasury, Discover Financial Services, U.S Locations: HONG KONG, — Asia, Japan, Hong Kong, Shanghai, South Korea, Bangkok, United States

☆ Stocks go up in in the fourth quarter of the year 80% of the time—what that means for your money
▼ + stars: | 2023-10-12 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

Don't look now, but the market is entering what's historically been a good period for investors. No, it's not McRib season, although there's a case to made that the sandwich's reappearance bodes well for stocks. Rather, investors will be glad to know that October kicks off what is typically a good three months for stocks, following a month in September that historically tends to be rough. The S&P 500 index posted September declines of 3.9% in 2020, 4.8% in 2021, 9.3% in 2022 and 4.7% in 2023. In fact, stocks have gone up in the fourth quarter 79.5% of the time — the highest success rate of any quarter.

Persons: Jeffrey Hirsch

☆ Historically volatile week will test the bull market in stocks
▼ + stars: | 2023-09-18 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

This historic weakness is well-enshrined in stock market lore and encapsulated in the old chestnut, "Sell Rosh Hashana and buy Yom Kippur." Triple witching refers to each quarter's simultaneous expiration of stock index futures and options and individual stock options. It may be true we are in a bull market, but it is certainly not a typical one. Instead of trying to pick winners, Marks sensibly proposes the opposite: You might also achieve that goal — of producing alpha, or outperformance — by holding fewer of the losers. That is why the vast majority of active stock pickers continue to underperform the market, and why money continues to flow into passive index funds.

Persons: Rosh Hashana, Jonathan Krinsky, Lowry, Howard Marks, Oaktree, Marks, FAANGs, Jesse Livermore, It's Organizations: Triple, Bulls, Apple, Microsoft, Nvidia, Tesla, Facebook, Netflix Locations: Yom, Yom Kippur

☆ Fed meeting comes during historically tough week for US stocks
▼ + stars: | 2023-09-12 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. The so-called "September Effect," the apparent trend where U.S. stock market returns are relatively soft in September, has been especially acute for stocks in the week after options expiration, according to Nomura. In 26 of the last 33 years, the S&P 500 Index (.SPX) fell in the week following the September options expiration, with a median drop of 1%, the analysis showed. This time around, the week will encompass the Federal Reserve's monetary policy meeting, set to conclude on Sep. 20. The S&P 500 is down 0.9% month-to-date, and investors are bracing for a host of market-moving catalysts in coming days, including Wednesday's report on U.S. consumer prices.

Persons: Brendan McDermid, Nomura, Reuters Graphics Nomura, Charlie McElligott, Saqib Iqbal Ahmed, Ira Iosebashvili, Alexandra Hudson Organizations: New York Stock Exchange, REUTERS, Nomura Securities, Reuters Graphics, Mutual, Tallbacken Capital Advisors, Alexandra Hudson Our, Thomson Locations: New York City, U.S

☆ Experts are split on whether stocks will beat the 'September Effect' – Ed Yardeni warns of pain while Bank of America sees room for gains
▼ + stars: | 2023-09-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

September is historically considered the worst month of the year for stocks, in what is known as the "September Effect." But this year, market experts appear divided over whether US equities will repeat the pattern or defy it. AdvertisementAdvertisementEd Yardeni, president of Yardeni Research"On Sunday, we observed that September is a good month for picking apples. Among things that could go wrong for investors this month, Yardeni highlighted rising oil prices, inflation risks, and China's faltering economy. David Rosenberg, founder of Rosenberg ResearchIn contrast, top economist Rosenberg has long-warned about a looming crash in in stocks.

Persons: Ed Yardeni, Yardeni, it's, Santa Claus, Tom Lee, Fundstrat's Tom Lee, Lee, we're, Stephen Suttmeier, Suttmeier, Jeremy Siegel, Wharton, Siegel, David Rosenberg, Rosenberg Organizations: Service, CFRA Research, Yardeni, Investor, Federal Reserve, Bank of America, " Bank of America, Fed, Rosenberg Research Locations: Wall, Silicon, Septembers, Santa

☆ India on track for lowest monsoon rains in 8 years -sources
▼ + stars: | 2023-08-28 | by ( Rajendra Jadhav | ) www.reuters.com time to read: +3 min

"El Niño dampened rainfall in August, and it will also have a negative impact on September rainfall," said a senior official at the India Meteorological Department (IMD). The weather department did not immediately respond to requests for comment. India is heading for its driest August in more than a century, weather department officials said earlier this month. The current monsoon has been uneven, with June rains 9% below average but July rains rebounding to 13% above average. The last four Septembers have seen above-average rains due to delayed withdrawal of the monsoon, he said.

Persons: Sivaram, El, El Niño, Rajendra Jadhav, Tony Munroe, Raju Gopalakrishnan, Alex Richardson Organizations: REUTERS, Rights, El, Reuters, India Meteorological Department, IMD, Reuters Graphics, Thomson Locations: Vembanad, Kochi, India, El, New Delhi, Mumbai

☆ Wall St Week Ahead Historically stormy month of September may test US stock rally
▼ + stars: | 2023-08-25 | by ( David Randall | ) www.reuters.com time to read: +4 min

The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. In Septembers since 1945, the S&P 500 has declined an average of 0.7%, the worst performance of any month, according to CFRA. Of course, bullish stock investors have largely been rewarded for looking past potential pitfalls this year. "The correction started on the first day of the month, and now it has corrected the conditions that made it vulnerable," Hayes said. Reporting by David Randall; Additional reporting by Lewis Krauskopf; Editing by Ira Iosebashvili and David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Jack Janasiewicz, Janasiewicz, Jerome Powell, Sandy Villere, Goldman Sachs, Tim Hayes, Ned Davis, Hayes, David Randall, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Reserve, Natixis, Solutions, U.S, Villere, Pfizer, Abbott Laboratories, Investors, Republicans, U.S . House, Goldman, Federal, Ned, Ned Davis Research, Thomson Locations: New York City, U.S, Jackson

U.S. corn and soybean yields will be of top priority in Wednesday's reports, due at noon EDT (1600 GMT). Corn yield was lower in just five of the last 20 Octobers, most recently 2016 and 2012, the latter decent company for 2022. The Midwest this year recorded its driest September since 1979, though drier Septembers have not necessarily promoted lower soy or corn yields in October. Nine of the 11 Crop Watch soybean fields yielded at or just below pre-harvest expectations. Crop Watch corn harvest is only starting, but nationally the pace is 1 point ahead of average.

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