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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. The Labor Department report showed U.S. consumer prices rose 0.4% in September versus estimates of a 0.3% rise, according to economists polled by Reuters. Prices rose to 3.7% against estimates of 3.6% in the 12 months through September. Core CPI, which excludes volatile food and energy prices, rose 0.3% in line with estimates. Reuters GraphicsAnother set of data showed jobless claims rose 209,000 for the week ended Oct. 7, lower than an estimated 210,000 rise.

Persons: Brendan McDermid, Israel, Hogan, Riley, Susan Collins, Atlanta's Raphael Bostic, Kan, advancers, Shashwat Chauhan, Ankika Biswas, Johann M Cherian, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Labor Department, Reuters, CPI, Traders, Federal, Boston, Public, Dow Jones, NYSE, Thomson Locations: New York City, U.S, Gaza, Bengaluru

☆ US consumer prices rise on surge in rents; underlying inflation cools
▼ + stars: | 2023-10-12 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Gasoline prices rose 2.1% after accelerating 10.6% in August. Year-on-year consumer prices have come down from a peak of 9.1% in June 2022. Reuters GraphicsExcluding the volatile food and energy components, the CPI rose 0.3%, matching August's gain. Still-strong demand in the economy, marked by labor market resilience, suggests borrowing costs could remain elevated for some time. Reuters GraphicsThere is no sign yet that the United Auto Workers (UAW)strike, now in its fourth week, is having a major impact on the labor market.

Persons: Bing Guan, Olu Sonola, Seema Shah, Lucia Mutikani, Paul Simao Organizations: Mobil, REUTERS, Federal Reserve, Labor Department, Higher U.S, Treasury, Fitch, CPI, Reuters, United Auto Workers, UAW, Ford, General Motors, Chrysler, Asset Management, Thomson Locations: Beverly Boulevard, West Hollywood , California, U.S, WASHINGTON, New York

WASHINGTON (AP) — The number of Americans applying for unemployment benefits was unchanged last week, remaining at historically low levels in another sign that the U.S. job market remains strong in the face of higher interest rates. Unemployment claims stayed at 209,000 for the week ending Oct. 7, the Labor Department reported Thursday. But the economy and the job market have remained sturdy even as higher rates have brought inflation down steadily from the four-decade highs reached in 2022. Political Cartoons View All 1207 Images“Overall, layoffs remain low and demand for workers remains strong,'' said Rubeela Farooqi, chief U.S. economist at High Frequency Economics. Overall, 1.7 million people were collecting unemployment checks the week that ended Sept. 30, up by 30,000 from the week before.

Persons: Rubeela Farooqi Organizations: WASHINGTON, Labor Department, Federal Reserve Locations: U.S, United States

☆ Why Cramer expects mega cap stocks will 'shine' in Thursday trading
▼ + stars: | 2023-10-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. "This is one of those days that mega caps are going to shine," Jim Cramer said Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow Jones, Jim, Ford, Jim Cramer's Organizations: CNBC, Nasdaq, Labor, Federal Reserve, Treasury, West Texas, Exxon Mobil, Natural Resources, United Auto Workers, Club, Ford, Bank of America Locations: Kentucky

☆ Cramer examines the consumer price index report, says inflation was 'slightly too hot'
▼ + stars: | 2023-10-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer gave his take on Thursday's consumer price index report for September. "In the end, the CPI report wasn't great but it wasn't that bad either, and investors kept their composure, taking the slightly too hot inflation number in stride," he said. In September, CPI increased 0.4% month over month and 3.7% year over year, slightly higher than Wall Street estimates. Cramer highlighted one category in the report: services excluding energy, which was up 5.7% from September 2022. Cramer also said mortgage rates edging toward 8% will affect the price of homes and eventually filter down to rent.

Persons: CNBC's Jim Cramer, Cramer, nonfarm, —, I'm, we've Organizations: Wall

☆ Gasoline, food drive US producer prices higher; core inflation cools
▼ + stars: | 2023-10-11 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The so-called core PPI increased 2.8% on a year-on-year basis in September after climbing 2.9% in August. Wholesale goods prices increased 0.9%, with a 3.3% rise in the cost of energy products accounting for nearly three-quarters of the increase. Excluding the volatile food and energy components, core goods prices edged up 0.1% for the second straight month. This mostly reflected the normalization of supply chains, whose disruption fueled goods inflation in the aftermath of the COVID-19 pandemic. Though core inflation is cooling, higher gasoline and food prices could hamper progress by raising the cost of other goods as well as causing consumers to expect inflation to rise.

Persons: Sarah Silbiger, Christopher Rupkey, Will Compernolle, Alex McGrath, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: El Progreso Market, Washington , D.C, REUTERS, Labor Department, Federal Reserve, Treasury, Reuters, PPI, Reuters Graphics, Trade, Fed, Thomson Locations: Mount Pleasant, Washington ,, WASHINGTON, New York, East, Greenville , South Carolina

☆ SNAPSHOT Futures briefly pare gains after producer prices data
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 11 (Reuters) - U.S. stock index futures briefly pared gains on Wednesday after data showed a stronger-than-expected rise in September producer prices, bolstering the case for the Federal Reserve to keep its interest rates elevated for longer. The U.S. Labor Department's producer price index (PPI) for final demand rose 0.5% month-on-month in September, compared with the estimated 0.3% rise. The core figure rose 0.3% against expectations of a 0.2% rise. On an annual basis, the headline inflation rose 2.2% versus an expected 1.6% growth, while the core figure rose 2.7% compared with an estimated 2.3%.

Persons: Brendan McDermid, Shashwat Chauhan, Shounak Dasgupta Organizations: New York Stock Exchange, REUTERS, Federal Reserve, U.S, Labor, Dow e, Nasdaq, Thomson Locations: New York City, U.S, Bengaluru

☆ Most Fed officials expect one more interest rate hike and that they'll remain elevated for a while, minutes show
▼ + stars: | 2023-10-11 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —Most Federal Reserve officials said last month that they expect one more rate hike, according to minutes from their September policy meeting released Wednesday. Some officials said that how fast inflation cools in the coming months will determine how long rates remain elevated. Inflation’s steady descent over the past year, and the job market’s gradual cooldown, gave officials enough reassurance to pause, the minutes showed. The central bank’s latest set of economic projections also showed that most Fed officials expect fewer rate cuts next year, confirming investors’ fears that rates could remain higher for longer. It’s unclear how much higher yields will weigh on economic activity, but several Fed officials have said in public remarks this week that it could mean less action from the Fed.

Persons: ’, Jerome Powell, Philip Jefferson, ”, Lorie Logan, Mack Trucks Organizations: DC CNN, Federal, Fed, Treasury, ” Dallas, Employers, Labor Department, United Auto Workers, UAW Locations: Washington

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. ET is expected to show the producer price index for final demand increased 0.3% last month after a 0.7% rise in August, ahead of Thursday's closely watched consumer inflation data. Yields on government bonds have eased from their multi-year highs on dovish remarks from Fed officials earlier this week. Central bank officials such as Fed Governor Christopher Waller, Atlanta Fed President Raphael Bostic and Boston Fed President Susan Collins are also scheduled to speak on Wednesday. Exxon Mobil (XOM.N) lost 1.7% as the oil and gas producer is set to buy shale producer Pioneer Natural Resources (PXD.N) in an all-stock deal valued at $59.5 billion.

Persons: Brendan McDermid, Fed's Bowman, Michelle Bowman, Christopher Waller, Raphael Bostic, Susan Collins, Mark Haefele, Birkenstock, Tim Wentworth, Piper Sandler, Drugmaker Eli Lilly, LLY.N, Novo, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Companies, Fed's Bowman Exxon, Futures, Dow, Nasdaq, Treasury, Federal, Labor Department, Atlanta Fed, Boston Fed, UBS Global Wealth Management, Traders, Microsoft, Nvidia, Palestinian, Hamas, Dow e, Walgreens Boots Alliance, Arista Networks, Exxon Mobil, Natural Resources, Novo Nordisk's, Baxter International, Thomson Locations: New York City, U.S, Gaza, Thursday's, Middle East, Israel, Bengaluru

The Labor Department reported Wednesday that its producer price index — which measures inflation before it hits consumers — climbed 2.2% from a year earlier. On a month-to-month basis, producer prices rose 0.5% from August to September, down from 0.7% from July to August. Excluding volatile food and energy prices, so-called core inflation rose 2.7% in September from a year earlier and 0.3% from August. Wholesale energy prices surged 3.3% from August to September, and food prices rose 0.9% after tumbling 0.5% from July to August. On Thursday, the Labor Department will issue its closely watched consumer price index for September.

Persons: —, Farooqi Organizations: WASHINGTON, —, Labor Department, Federal Reserve, ″

☆ Wholesale inflation rose 0.5% in September, more than expected
▼ + stars: | 2023-10-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

A measure of wholesale prices rose more than expected in September, indicating simmering inflation pressures for the U.S. economy. Inflation pressures came primarily from final demand goods, which surged 0.9% on the month, while services increased 0.3%. Much of the goods prices increase came from gasoline, which jumped 5.4%, while food prices posted a 0.9% gain. Energy prices broadly rose 3.3%. On the services side, prices for final demand services less trade, transportation and warehousing rose 0.3%, while final demand trade services costs increased 0.5%.

Persons: Dow Jones, Mike Loewengart Organizations: Dow, Labor Department, PPI, Energy, Morgan Stanley's Global Investment, Federal Reserve, Fed Locations: U.S

☆ Jim Cramer argues the bears are wrong: The economy and market are actually strong
▼ + stars: | 2023-10-11 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Lower rates with higher job growth — an uncertain positive that I can't recall ever seeing — may be upon us. If you take the existential off the table and realize the market strength the bears cannot see, you actually want to own stocks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: We've, Jerome Powell, Powell doesn't, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Club, Treasury, U.S . Labor, Federal Reserve, Washington , D.C, Fed, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Bloomberg, Getty Images Bloomberg, Getty Locations: Washington ,, New York, U.S

☆ Walmart is tackling its $6 billion healthcare bill by pushing employees to see telehealth doctors
▼ + stars: | 2023-10-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Walmart is expanding its virtual health care service to employees across the US. Roughly half of traditional health plan participants do not receive primary care, due in part to lack of access. AdvertisementAdvertisementMore Walmart workers across the US will soon have access to virtual health care services as the country's largest employer expands the offering to all states starting October 14, the company said Tuesday. Employees in 21 states were previously eligible for the telehealth benefit through a provider called Included Health, which rolled out its virtual primary care offering in 2020. Walmart's US health plan spent more than $6 billion last year on claims, premiums, and administrative costs, Bloomberg reported, citing Labor Department filings.

Persons: —, Owen Tripp, Lisa Woods, telehealth Organizations: Walmart, Service, Bloomberg, Employees, Data, Labor

☆ Forget Gen Zers and Taylor Swift concerts. It's boomers who are flashing their dollars.
▼ + stars: | 2023-10-10 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

The hope of avoiding a recession in the US heated up this year despite interest rates skyrocketing over the past 18 months. They also have more of a buffer than from the economic impact of inflation and higher interest rates than younger generations. AdvertisementAdvertisementWhile high interest rates and soaring prices for homes in recent years are terrible for young buyers, they are increasing the wealth of older Americans. Lance McMillan/Toronto Star via Getty ImagesMeanwhile, higher rates are helping older Americans grow their wealth in other ways. So older Americans who, in the past, would have been forced to sacrifice higher returns for safer investments can now get both.

Persons: boomers, —, Taylor Swift, Tim Robberts, Ed Yardeni, Yardeni, they'll, they've, Lance McMillan, Neil Howe, demographer, Howe Organizations: Boomers, Service, Census Bureau, Labor, Images, Yardeni Research, New, Toronto Star, Getty, Treasury Locations: New York

Israel responded with a declaration of war and a strong military response in the Gaza Strip, home to 2 million Palestinians. President Joe Biden ordered a U.S. naval carrier strike group to the region after pledging full support to Israel. Biden on Sunday spoke with Benjamin Netanyahu, the Israeli prime minister, and pledged the full support of the U.S., including military assistance. “Geopolitical risks are back in focus amid the attack in Israel on Saturday,” said James Demmert, chief investment officer at Main Street Research. Key data on U.S. inflation is due to be released Wednesday with the producer price index and then Thursday with the consumer price index.

Persons: Joe Biden, Yoav Gallant, Biden, Benjamin Netanyahu, ”, James Demmert, Tony Welch, “ It’s, Dan Swan, Swan, ” Swan, “, Kevin McCarthy Organizations: Israeli, Main, Research, Federal Reserve, Labor Department, Fed, McKinsey, “ Airlines, Rep Locations: Israel, Gaza, U.S, New York, Iran, Saudi Arabia, Syria, Washington

☆ The Fed is at odds with itself. That’s a feature, not a bug
▼ + stars: | 2023-10-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

So, Fed officials are divided, but it doesn’t really matter. Fed officials are still people, and as the saying goes, opinions are like bellybuttons in that everyone’s got one. Fed officials in that committee with voting power have the option to dissent, but it’s only happened twice this cycle. This year’s voters, which are Dallas Fed President Lorie Logan, Chicago Fed President Austan Goolsbee, Philadelphia Fed President Patrick Harker, and Minneapolis Fed President Neel Kashkari, will be rotated out next year. Up NextMonday: Fed officials Lorie Logan, Michael Barr and Phillip Jefferson deliver remarks.

Persons: Mary Daly, Michelle Bowman, ”, Biden, That’s, Michael Feroli, everyone’s, “ It’s, ” Feroli, Esther George, Ed Al, Hussainy, JPMorgan’s Feroli, It’s, Jerome Powell, John Williams, Lorie Logan, Austan Goolsbee, Patrick Harker, Neel Kashkari, Logan, Kashkari, Raphael Bostic, San Francisco Fed’s Daly, – CNN’s Elisabeth Buchwald, Michael Barr, Phillip Jefferson, Christopher Waller Organizations: CNN Business, Bell, CNN, Federal, San Francisco Fed, JPMorgan, Fed, Market Committee, Kansas City, Columbia Threadneedle Investments, Governors, New York Fed, Dallas Fed, Chicago Fed, Philadelphia Fed, Minneapolis Fed, San Francisco, Treasury, PepsiCo, The National Federation of Independent Business, US Labor Department, Federal Reserve, Delta, China’s National Bureau of Statistics, The University of Michigan Locations: San, Kansas, Columbia, Cleveland, Richmond, Atlanta, San Francisco, Walgreens

☆ From Tuesday's Dow drop to Friday's rally, here's why it was a whipsaw week for the market
▼ + stars: | 2023-10-08 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

When the government released September's job report Friday morning, the market's first take was that it was too good to be … good. And odds of another rate hike, which had edged up early in the day, had retreated again. "I don't think the week's data indicates the labor market needs higher interest rates," said Daniel Zhao, lead economist at career platform Glassdoor.com. But average hourly income rose just 0.2%, doing a lot to mute fears that a tight labor market would keep propelling inflation. The gap between economists and bond investorsEconomists and bond investors have been seeing two different pictures in the labor data all week, Crofoot said.

Persons: Daniel Zhao, Elizabeth Crofoot, Zhao, Crofoot, Goldman Sachs, Jan Hatzius, Hatzius Organizations: New York Stock Exchange, Treasury, Dow, Federal Reserve, Labor Department, CNBC Locations: New York City, Washington

☆ Fed's Bowman says it will likely be appropriate to raise rates again
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

U.S. Federal Reserve Governor Michelle Bowman gives her first public remarks as a Fed policymaker at an American Bankers Association conference in San Diego, California, U.S., February 11 2019. REUTERS/Ann Saphir/File Photo Acquire Licensing RightsOct 7 (Reuters) - Federal Reserve Governor Michelle Bowman on Saturday repeated her view that inflation continues to be too high despite "considerable" progress in lowering it, and the U.S. central bank will likely need to tighten monetary policy further. "I expect it will likely be appropriate for the (Fed) to raise rates further and hold them at a restrictive level for some time to return inflation to our 2 percent goal in a timely way," Bowman said in prepared remarks to the Connecticut Bankers Association. The comments were largely identical to those Bowman made on Monday about the economic and policy outlook. Bowman, one of the Fed's most hawkish policymakers, said the latest employment report reflected "solid" job growth.

Persons: Michelle Bowman, Ann Saphir, Bowman, Paul Simao Organizations: Federal, American Bankers Association, REUTERS, Connecticut Bankers Association, U.S . Labor Department, Thomson Locations: San Diego , California, U.S

☆ Strike over: Kaiser Permanente unionized health care workers end their strike without reaching a deal
▼ + stars: | 2023-10-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +9 min

CNN —More than 75,000 unionized Kaiser Permanente employees are returning to work after a historic three-day strike. This week’s temporary work stoppage — the largest health care strike in US history — concluded at 6 am PT on Saturday without a deal. Kaiser Permanente healthcare workers rally outside Kaiser Permanente Los Angeles Medical Center in Los Angeles on Wednesday, October 4, 2023. Some issues affect the entire health care industryTo be sure, staffing issues do not only affect Kaiser Permanente. ECRI, an independent health care research firm, ranks the industry’s staffing shortage as the most significant risk to American patients.

Persons: —, Damian Dovarganes, ” Georgette Bradford, Julie Su, Su “, Joe Biden, Biden, Kaiser, hasn’t, ” Kaiser Permanente, Rocio Chacon, ” Chacon, Kaiser Permanente, Ryan Sun, James Bell, Christina Campbell, “, ” Campbell, Larriesha Malbrough, John Rudoff, ”, ‘, John August, Sal Rosselli, ” Rosselli, ECRI, Gerald Kominski Organizations: CNN, Kaiser Permanente, Kaiser Permanente Los Angeles Medical Center, Kaiser, “, Labor, Labor Department, United Auto Workers, ”, Employees International Union, United Healthcare Workers West, SEIU, Kaiser Permanent, AP, Service Employees International Union, Permanente, Coalition, Kaiser Permanente Unions, Kaiser Permanente . Nursing, National Union of Healthcare Workers, UCLA Center for Health Policy Research Locations: Los Angeles, Sacramento , California, California, Michigan, Washington, United States, Kaiser, California , Colorado, Washington and Oregon, Virginia, Baldwin Park , California, Portland , Oregon

☆ After buying an oversold market last week, here are 3 things to watch next week
▼ + stars: | 2023-10-07 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Even with a modest bounce Friday, U.S. crude prices fell nearly 9% this week — their worst weekly performance since March. US10Y YTD mountain 10-year Treasury yield year to date performance Here are three major developments to watch in the week ahead. September headline PPI is expected to rise 0.3% month over month and 1.6% year over year. As for CPI, economists are looking for a September headline reading of up 0.3% month over month and 3.6% year over year. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Dow, —, We'll, Wells Fargo, Banks, we'll, Jamie Dimon, Morgan Stanley, Wells, JPMorgan Chase, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: Labor Department, Nasdaq, Federal Reserve, Companies, CPI, JPMorgan Chase, PepsiCo, Air, DAL, Walgreens Boots Alliance, Commercial Metals, Infosys Tech, SMART, JPMorgan, Citigroup, PNC Financial, PNC, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Wells Fargo, BlackRock

☆ Even as job creation surges, Americans still think the economy stinks. Here's why
▼ + stars: | 2023-10-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"You see all these high-level headline numbers, and those numbers don't jibe with your economic reality," said Elizabeth Crofoot, senior economist at labor analytics firm Lightcast. Higher prices have been one problem. Are the jobs numbers really that good? Beyond the housing costs, there's some evidence that the jobs numbers may not be all they're cracked up to be, either. After all, more than a quarter of the job creation for September came from lower-wage occupations in the leisure and hospitality industry.

Persons: Frederic J, Brown, Elizabeth Crofoot, nonfarm, Joe Biden's, Crofoot, millennials, Jessica Lautz Organizations: Shell, Afp, Getty, Labor Department, Reuters, Consumer, University of Michigan, Consumers, National Association of Realtors, NAR, Federal Reserve Locations: Alhambra , California, U.S

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. U.S. job growth rose by 336,000 in September according to Labor Department statistics, far exceeding economists' forecasts of a 170,000 rise. The sentiment of the statistics is mixed for oil prices. A strong U.S. dollar is typically negative for oil demand, making the commodity relatively more expensive for holders of other currencies. "Fear for the health of the global economy and thus oil demand going forward is at the heart of the sell-off," SEB analyst Bjarne Schieldrop said.

Persons: Agustin Marcarian, Baker Hughes, Brent, WTI, SEB, Bjarne Schieldrop, Stephanie Kelly, Robert Harvey, Sudarshan, William Maclean, Sharon Singleton, Louise Heavens, David Gregorio, Rod Nickel Organizations: REUTERS, YORK, . West Texas, Labor Department statistics, ING, Companies, Day, Xinhua, U.S . Commodity Futures Trading Commission, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Saudi Arabia, Russia, gasoil, U.S, New York, London, Singapore

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. The S&P 500 (.SPX) eyes its fifth straight weekly fall, while the Dow (.DJI) is on track to decline for the third straight week. Energy (.SPNY) is set to be worst hit amongst the major S&P 500 sectors this week, while communications services (.SPLRCL) is on track to be the best performing. Looking ahead, data would take center stage once again with September consumer price inflation and producer price index readings due next week. ET, Dow e-minis were up 74 points, or 0.22%, S&P 500 e-minis were up 10.25 points, or 0.24%, and Nasdaq 100 e-minis were up 43.5 points, or 0.29%.

Persons: Brendan McDermid, Levi Strauss, Tesla, that's, Marios Hadjikyriacos, LEVI.N, Ankika Biswas, Shashwat Chauhan, Anil D'Silva, Shounak Organizations: New York Stock Exchange, REUTERS, Exxon, Dow, Nasdaq, Labor, XM, Traders, Energy, Federal, JPMorgan Chase, Citigroup, BlackRock, Dow e, Tesla, Exxon Mobil, Reuters, Natural Resources, Thomson Locations: New York City, U.S, Wells Fargo, United States, Bengaluru

☆ Moderate US job growth slowdown expected in September
▼ + stars: | 2023-10-06 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is also expected to show wage gains remaining elevated. Eighteen months after the Federal Reserve started raising interest rates, the labor market is only gradually easing. Labor market resilience, which is underpinning demand in the economy, raises the risk that the U.S. central bank could hike rates again by year end. Nonfarm payrolls likely increased by 170,000 jobs last month after rising 187,000 in August. Wage growth likely remained solid, with average hourly earnings forecast to have risen 0.3% after climbing 0.2% in August.

Persons: Elizabeth Frantz, Nick Bunker, Nonfarm, payrolls, Veronica Clark, Clark, Megan Way, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Labor, Federal Reserve, Citigroup, United Auto Workers, UAW, General Motors, Ford Motor, Chrysler, Hollywood, Babson College, Thomson Locations: Arlington , Virginia, U.S, y WASHINGTON, Tampa , Florida, Payrolls, New York, Washington ., Wellesley , Massachusetts

☆ Here are all the portfolio moves the Club made in this week's oversold market
▼ + stars: | 2023-10-06 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +7 min

With the stock market deeply oversold this week, we put cash to work by picking stocks across a range of sectors including energy, technology and materials. With the market oversold, per the S & P 500 Short Range Oscillator , our investment discipline called for us to search for any dislocations within the portfolio. Tech stocks remained under pressure Tuesday afternoon, giving us an opportunity to buy 7 shares of Broadcom and lower our cost basis. But stocks returned to the red Thursday, and the market remained firmly in oversold territory. However, the market reversed course in midday trading, with all three major U.S. stock benchmarks trading sharply higher.

Persons: chipmaker, we've, –, Corona –, Jim, Elliott, We'd, Jim Cramer's, Jim Cramer, Spencer Platt Organizations: Coterra Energy, Devices, Broadcom, Starbucks, AMD, Tech, VMWare, Management, Wall, DuPont de Nemours, Oracle, Constellation Brands, DuPont, Modelo, Corona, Constellation, Elliott Management, U.S . Labor Department, Humana, CNBC, New York Stock Exchange, Getty Locations: China, oversold, ORCL, New York City

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