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REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummaryCompanies Wells Fargo gains as Q3 profit risesJPMorgan Q3 profit rises on interest income boostBlackRock reports Q3 profit growthUnitedHealth gains on Q3 profit beatFutures: Dow flat, S&P down 0.18%, Nasdaq down 0.43%Oct 13 (Reuters) - Futures tracking Wall Street's main indexes fell on Friday as investors assessed earnings from big U.S. banks, while Treasury yields eased following a spike in the previous session. JPMorgan Chase(JPM.N), the biggest U.S. bank, posted a jump in third-quarter profit as higher interest rates boosted its income from loans. BlackRock (BLK.N) reported a 13% rise in third-quarter profit on a rebound in markets. UnitedHealth (UNH.N) advanced 2.5% after beating third-quarter profit estimates, helped by lower-than-expected medical costs for the healthcare conglomerate. Traders put the chance of interest rates remaining unchanged in November and December at around 92% and around 69%, respectively, according to CME's FedWatch tool.

Persons: Brendan McDermid, JPMorgan Chase, Wells Fargo, Rob Swanke, Patrick Harker, Susan Collins, Todd Vasos, Jeffery Owen, Shashwat Chauhan, Ankika Biswas, Saumyadeb Organizations: New York Stock Exchange, REUTERS, Companies Wells, JPMorgan, BlackRock, Dow, Nasdaq, U.S, Citigroup, Commonwealth Financial Network, Fed Bank of Philadelphia, Federal Reserve Bank of Boston, Traders, University of Michigan's, Dow e, Investors, Hamas, Exxon Mobil, Chevron, Callon Petroleum, Occidental Petroleum, Dollar, Boeing, Thomson Locations: New York City, U.S, BLK.N, Israel, Gaza City, Bengaluru

☆ BlackRock posts surprise rise in profit, inflows drop
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 13 (Reuters) - BlackRock (BLK.N) handily beat third-quarter profit estimates on Friday but posted a sharp drop in net inflows, sending shares of the world's largest asset manager down 1% in premarket trade. A rise in investment advisory fees and BlackRock's assets under management (AUM) helped the company's adjusted profit of $10.91 per share breeze past analysts' estimates of $8.26, according to LSEG data. BlackRock ended the third quarter with $9.10 trillion in assets under management (AUM), up from $7.96 trillion a year earlier, but lower than $9.4 trillion in the second quarter this year. "The long-term trend of clients consolidating more of their portfolios with BlackRock is only accelerating, and underlying business momentum remains strong," Fink said. The New York-based company's chief source of revenue is the management fees it earns as a percentage of the total AUM.

Persons: Brendan McDermid, BLK.N, Larry Fink, Fink, Jaiveer Singh, Devika Organizations: BlackRock, New York Stock Exchange, REUTERS, Federal Reserve, Revenue, The, Securities and Exchange Commission, Thomson Locations: New York City, U.S, BlackRock, The New York, Bengaluru

☆ BlackRock's third-quarter profit rises as investors flock to its funds
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 13 (Reuters) - BlackRock (BLK.N), the world's largest asset manager, on Friday reported a 13% rise in third-quarter profit as a rebound in markets attracted investors to its funds. On an adjusted basis, BlackRock earned $1.64 billion, or $10.91 per share, for the three months ended Sept. 30, from $1.45 billion, or $9.55 per share, a year earlier. Analysts on average had expected a profit of $8.26 per share, according to LSEG data. The New York-based company's chief source of revenue is the management fees it earns as a percentage of the total AUM. Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Jaiveer Singh, Devika Organizations: BlackRock, New York Stock Exchange, REUTERS, Federal Reserve, Revenue, The, Thomson Locations: New York City, U.S, BlackRock, The New York, Bengaluru

☆ Futures edge lower ahead of big bank earnings
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +3 min

SummaryCompanies Futures down: Dow 0.02%, S&P 0.11%, Nasdaq 0.25%Oct 13 (Reuters) - Futures tracking Wall Street's main stock indexes edged lower on Friday as investors looked ahead to earnings reports from big U.S. banks, while Treasury yields eased after a spike in the previous session. JPMorgan Chase (JPM.N), Wells Fargo (WFC.N) and Citigroup (C.N) are scheduled to report quarterly numbers before the opening bell. Asset manager BlackRock (BLK.N), health insurer UnitedHealth Group (UNH.N) and regional lender PNC Financial (PNC.N) are also slated to report earnings. Remarks from Fed Bank of Philadelphia President Patrick Harker, a voting member on the rate-setting Federal Open Market Committee (FOMC) this year, would also be on investors' radar during the day. On the data front, a preliminary estimate of the University of Michigan's October Consumer Sentiment Index is due at 10 a.m.

Persons: JPMorgan Chase, Rob Swanke, Patrick Harker, Susan Collins, Todd Vasos, Jeffery Owen, Shashwat Chauhan, Saumyadeb Organizations: Dow, Nasdaq, JPMorgan, Citigroup, BlackRock, UnitedHealth, PNC Financial, Commonwealth Financial Network, Fed Bank of New, Fed Bank of Philadelphia, Market, Federal Reserve Bank of Boston, Traders, Treasury, University of Michigan's, Dow e, Hamas, Thomson Locations: Wells Fargo, Fed Bank of New York, U.S, Israel, Gaza City, Bengaluru

☆ US stocks trade mixed but notch weekly gains as interest rates fall ahead of Q3 earnings season
▼ + stars: | 2023-10-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks ended mixed but made weekly gains as investors digested lower interest rates and prepare for third-quarter earnings. The 10-year Treasury yield fell about 25 basis points from its 52-week high this week to 4.63%. A slew of bank earnings kicked off earnings season on Friday, and investors are expecting a rebound in profits. AdvertisementAdvertisementUS stocks were mixed on Friday but ended the week higher as investors digested a decline in interest rates and the start of the third-quarter earnings season. AdvertisementAdvertisementFriday also marked the start of third-quarter earnings season with results from several banks and financial institutions.

Persons: —, Patrick Harker, Wells Organizations: Treasury, Service, Federal Reserve, Philadelphia Fed, Delaware State Chamber of Commerce, JPMorgan, Citigroup, BlackRock, Dow Jones Locations: Israel, Delaware, Wells Fargo

☆ BlackRock CEO Larry Fink: Long term investors should be at least 80% in equities or hard assets
▼ + stars: | 2023-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock CEO Larry Fink: Long term investors should be at least 80% in equities or hard assetsBlackRock chairman and CEO Larry Fink joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the Fed's rate hike campaign, impact of geopolitical tensions, inflation and Treasury yield outlook, and much more.

Persons: Larry Fink Organizations: BlackRock

☆ Jim Cramer on the long-term effects of weight loss drugs and its impact on investing
▼ + stars: | 2023-10-13 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer on the long-term effects of weight loss drugs and its impact on investing'Mad Money' host Jim Cramer is reflecting on his conversation today with BlackRock CEO.

Persons: Jim Cramer Organizations: BlackRock

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. JPMorgan Chase (JPM.N), Wells Fargo (WFC.N) and Citigroup (C.N) rose between 3% and 5% after trouncing quarterly profit estimates as they benefited from higher interest rates. The S&P 500 Banks index (.SPXBK) gained 3.2%, hitting a three-week high. Options traders are bracing for larger-than-usual post-earnings stock price swings for some U.S. banks, despite signs of cooling volatility in broader markets, options data showed. The energy sector (.SPNY) tracked a more than 3% jump in crude prices and led the gains among S&P 500 sectors.

Persons: Brendan McDermid, Wells, JPMorgan Chase, Wells Fargo, Stuart Cole, Cole, Patrick Harker, Investors, Todd Vasos, Jeffery Owen, Shashwat Chauhan, Ankika Biswas, Saumyadeb Chakrabarty, Shounak Dasgupta, Anil D'Silva Organizations: New York Stock Exchange, REUTERS, Companies JPMorgan, Citigroup, Dow, Nasdaq, JPMorgan, Citi, Equiti, BlackRock, Federal Reserve Bank of Philadelphia, Dow Jones, Hamas, Dollar, Boeing, NYSE, Thomson Locations: New York City, U.S, Wells Fargo, Israel, Gaza City, Bengaluru

"I just want to say how deeply saddened that we all are about the recent horrific attacks on Israel ... He warned that the war in Ukraine, compounded by the attacks on Israel, could have "far-reaching impacts on energy and food markets, global trade, and geopolitical relationships." On Friday, Citigroup CEO Jane Fraser included Israel in her opening remarks on the bank's earnings call. "Once someone ventures into the space of, 'who is the perpetrator and who is the victim,' you enter into the exposure of social media disinformation and risk," Kotok said. Some large companies including Apple (AAPL.O) and Walmart (WMT.N) had yet to issue statements, while some prominent personalities including NBA star LeBron James have spoken out.

Persons: JPMorgan Chase, Jamie Dimon, Albert Bourla, Jefferies, Michael Bloomberg, Goldman Sachs, Jane Fraser, Israel, Fraser, Larry Fink, David Kotok, Cumberland, Kotok, Antonio Neri, Andy Jassy, Sundar Pichai, Satya Nadella, LeBron James, Gigi Hadid, Lananh Nguyen, Aditya Soni, Stephen Nellis, Siddharth Cavale, David Gaffen, Arriana, Sayantani Ghosh, David Gregorio Our Organizations: JPMorgan, Pfizer, UBS, New York City, Bloomberg, Delta Air Lines, Citigroup, BlackRock, Cumberland Advisors, Hewlett Packard Enterprise, Amazon, Meta, Union, Google, Microsoft, Apple, Walmart, NBA, Thomson Locations: Israel, Ukraine, New York, Florida, Bengaluru

☆ Watch CNBC's investment committee discuss BlackRock CEO Larry Fink's latest comments and more
▼ + stars: | 2023-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's investment committee discuss BlackRock CEO Larry Fink's latest comments and moreBryn Talkington, Joe Terranova, Jim Lebenthal, and Steve Weiss join 'Halftime Report' to discuss the potential for a recession during the upcoming election year, Larry Fink's comments about inflation remaining stickier than expected, and data indicating consumer spending remains healthy.

Persons: Larry Fink's, Bryn Talkington, Joe Terranova, Jim Lebenthal, Steve Weiss Organizations: Watch, BlackRock

☆ Stock Market Today: JPMorgan, Wells Fargo Benefit From Higher Rates
▼ + stars: | 2023-10-13 | by ( ) www.wsj.com time to read: +1 min

U.S. stock futures and bond yields edged lower amid a string of results from major banks. JPMorgan Chase and Wells Fargo beat analysts' expectations for both earnings and revenue . Stock futures mostly edged down. Blackrock's stock fell in thin premarket trading, even though its earnings beat analysts' expectations. Treasury yields declined slightly.

Persons: Wells, Brent, Dow industrials, Hang Seng Organizations: JPMorgan Chase, Wells Fargo, Nasdaq, Shanghai, Japan’s Nikkei Locations: Europe

☆ BlackRock’s Larry Fink squares off with Uncle Sam
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Laurence Fink, founder and chief executive officer of BlackRock, Inc. speaks during the Reuters Global Investment Outlook Summit in New York, U.S., November 13, 2017. REUTERS/Lucas Jackson Acquire Licensing RightsNEW YORK, Oct 13 (Reuters Breakingviews) - BlackRock (BLK.N) calls every dollar it manages a “unit of trust” expressed by clients. The trouble for the investing behemoth led by Larry Fink is that there’s an increasingly reliable custodian of such assets these days: Uncle Sam. Even so, $644 billion has crowded into retail money-market funds this year, crimping BlackRock’s all-important stock portfolios. Fink has been bulking up in infrastructure, credit and other investments that are harder to trade, but which also generate higher fees.

Persons: Laurence Fink, Lucas Jackson, ”, Larry Fink, Uncle Sam, Fink, crimping, Jonathan Guilford, Jeffrey Goldfarb, Sharon Lam Organizations: Inc, Reuters Global Investment, REUTERS, Reuters, BlackRock, Graphics, Treasury, X, Infosys, Thomson Locations: BlackRock, New York, U.S, Europe

☆ Dollar General bets on old boss’s old magic
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Oct 13 (Reuters Breakingviews) - Dollar General (DG.N) is reaching back to happier days. In that time, shares plummeted 60%, compared to rival Dollar Tree’s (DLTR.O) gentler decline of roughly a fifth. Meanwhile, Dollar General has repeatedly missed analyst expectations as net profit margin fell from nearly 7% to estimates of 3% for this quarter, according to LSEG. Under his previous stint from 2015 until 2022, shares returned an annualized 19%, beating Dollar Tree, Walmart (WMT.N) and Big Lots (BIG.N). Dollar General faces plenty of challenges shared by all retailers, from rising wages to shifting consumer spending.

Persons: Todd Vasos, Jeff Owen, Vasos, Walt Disney, Bob Iger, Howard Schultz, outperforming, doesn’t, Jennifer Saba, Larry Fink, Uncle Sam, Jonathan Guilford, Sharon Lam Organizations: Reuters, Walmart, Walt, Starbucks, X, Infosys, Thomson Locations: Europe

☆ Stocks making the biggest moves premarket: JPMorgan, Wells Fargo, Citigroup, Dollar General and more
▼ + stars: | 2023-10-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell: UnitedHealth — The largest health insurer by revenue rose more than 1% after beating analysts' third-quarter expectations. BlackRock — BlackRock fell by 1.8% premarket after missing third-quarter revenue forecasts. Wells Fargo — Wells Fargo added nearly 2% after third-quarter earnings and revenue topped expectations . Citigroup — Citigroup was higher by 2% after beating third-quarter revenue expectations. The Jane Fraser-led bank reported revenue of $20.14 billion, more than the consensus estimate of $19.31 billion from LSEG.

Persons: LSEG, BlackRock —, Gordon Haskett, Wells, Jane Fraser, Morgan Stanley, Tanaya Macheel Organizations: Dow Jones, BlackRock, BlackRock — BlackRock, Blackrock, PNC Financial Services Group, Pittsburgh, PNC, Revenue, LSEG, JPMorgan Chase &, Citigroup — Citigroup, Post Holdings, JPMorgan Locations: LSEG, Wells, Louis

☆ Wall Street needs a boost from earnings. Can JPMorgan Chase run a strong first leg?
▼ + stars: | 2023-10-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Analysts expect a 0.4% year-over-year decline in third-quarter earnings for companies in the S&P 500 index, according to FactSet. Analysts expect America’s biggest bank to report earnings per share of $3.90 and revenue of $39.57 billion for the third quarter, according to Refinitiv. Citigroup, Wells Fargo and BlackRock also report earnings Friday. “Our children are in crisis, and it is up to us to save them,” Hochul said, comparing social media algorithms to cigarettes and alcohol. Those who opt out would receive chronological feeds instead, like in the early days of social media.

Persons: ”, Michael Arone, Jay Hatfield, ” Hatfield, Banks, JPMorgan Chase, Jamie Dimon, Dimon, Wells, Chris Isidore, Darren Woods, Read, Kathy Hochul, Letitia James, Michael Mulgrew, Sen, Andrew Gounardes, Nily, “, ” Hochul, Athena Jones, Brian Fung Organizations: CNN Business, Bell, CNN, Investors, State Street Global Advisors, stoke, Infrastructure Capital Management, JPMorgan Chase, JPMorgan, First, Bank, Citigroup, ExxonMobil, Natural Resources, Midland Basins, New York Gov, New York, United Federation of Teachers Manhattan, New Locations: Wells Fargo, BlackRock, United States, Midland , Texas, Delaware, Midland, New York

☆ Stock futures are little changed ahead of Friday's big bank earnings: Live updates
▼ + stars: | 2023-10-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Stock futures were little changed on Thursday evening as traders braced for major bank earnings. S&P 500 futures and Dow Jones Industrial Average futures oscillated near the flat line. The S&P 500 slid 0.62%, while the tech-heavy Nasdaq Composite lost 0.63%. The S&P 500 is up 0.9%, while the Dow is up nearly 0.7% on the week. This is the third positive week in a row for the Nasdaq, and the second straight positive week for the S&P 500.

Persons: Dow, Wells, haven't, Nancy Tengler Organizations: Dow Jones Industrial, Dow, Nasdaq, JPMorgan, Citigroup, BlackRock, Investments, CNBC Locations: Thursday's, Wells Fargo, Israel

Israeli assets and the shekel remain under pressure and oil and gold prices are marginally higher than last week. World Markets Impact From MidEast Attacks WanesBlackRock chart on its Geopolitical Risk IndicatorNOWHERE TO RUN TO... Last updated shortly before the weekend events in Israel, BlackRock's Geopolitical Risk Indicator - which attempts to capture market attention to political risks - had indeed crept up to six month highs. Releasing its World Economic Outlook on Tuesday, the International Monetary Fund warned that more volatile commodity prices were a possible reflection of both greater climate and geopolitical risk. And yet hand wringing about geopolitical risk in different corners of the globe can also deflect from rising political risks in core economies - not the least in the United States.

Persons: Brendan McDermid, Vincent Mortier, Anna Rosenberg, Kristina Hooper reckons, Hooper, that's, It's, Amundi's Rosenberg, Pierre, Olivier Gourinchas, Gourinchas, Josie Kao Organizations: New York Stock Exchange, REUTERS, West Bank, International Monetary Fund, IMF, Treasury, Reuters, Thomson Locations: New York City, U.S, Israel, Gaza, Iran, United States, Saudi Arabia, Russia, China, Taiwan, Ukraine

☆ These stocks are looking mighty cheap going into earnings season
▼ + stars: | 2023-10-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The third-quarter earnings season is set to kick off this week, with certain stocks trading at attractive valuations. Going into earnings, 76 companies in the S & P 500 have already issued negative earnings per share guidance for the third quarter, compared to 42 companies that have announced positive earnings per share guidance, FactSet data shows. With this in mind, CNBC Pro screened for stocks with growing earnings that are also trading at a discount. Growing earnings: Earnings per share have grown more than 20% over the past 12 months. The company's trailing 12 months P/E ratio is 6.3, significantly lower than the five-year average P/E of 22.61.

Persons: — CNBC's Michael Bloom Organizations: Delta Air Lines, Infosys, JPMorgan Chase, Citigroup, PNC Financial Services, Wells, CNBC Pro, Major U.S, Delta, United Airlines, Devon Energy, Semiconductor, Qualcomm Locations: Blackrock, Oil, Monday's, Israel

☆ US stocks rise and bond yields move lower as investors watch Israel-Hamas conflict
▼ + stars: | 2023-10-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US stocks climbed Tuesday as investors continued to monitor the Israel-Hamas conflict. The 10-year Treasury yield dipped by about nine basis points. BlackRock, meanwhile, cautioned that the bond market rout is far from over. AdvertisementAdvertisementUS stocks climbed slightly at the start of trading Tuesday and bond yields moved lower while investors continued to watch the Israel-Hamas conflict unfold. While yields slipped further from 16-year highs notched just last week, BlackRock cautioned that the bond market sell-off still isn't over, and further pain could still be on the way.

Persons: —, Goldman Sachs, Janet Yellen, Jim Rogers Organizations: Treasury, BlackRock, Service, Federal Reserve, Dow Jones, RBC Locations: Israel, Global

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. ET, Dow e-minis were down 152 points, or 0.45%, S&P 500 e-minis were down 24.25 points, or 0.56%, and Nasdaq 100 e-minis were down 109.5 points, or 0.72%. Traditional safe-haven assets including gold and the U.S. dollar gained, while growing uncertainty pushed crude prices higher. The Nasdaq (.IXIC) and the S&P 500 (.SPX) posted weekly gains on Friday as mixed jobs reports kept investors on edge around the Federal Reserve's interest rate outlook. Tesla (TSLA.O) shed 1.7% as data showed the company's China-made EV sales volume for September decreased 10.9% from a year ago.

Persons: Brendan McDermid, Tesla, Lloyd Austin, Stuart Cole, Northrop, Lockheed Martin, Philip Jefferson, Michael Barr, Nelson Peltz's, Shashwat Chauhan, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Nvidia, Big Tech, U.S, Israel, Dow, Nasdaq, Hamas, . Defense, Dow e, U.S ., Equiti, Energy, Chevron, Exxon Mobil, Occidental Petroleum, United Airlines, Delta Air Lines, American Airlines, Barrick Gold, Northrop Grumman, General Dynamics, Lockheed, Columbus Day, Apple, Intel, Qualcomm, Devices, JPMorgan Chase, Citigroup, BlackRock, Management, Thomson Locations: New York City, U.S, China, Israel, Palestinian, Gaza, United States, Tel Aviv, Wells Fargo, Bengaluru

☆ How to invest $1 million for the next decade, according to private bankers and wealth advisors
▼ + stars: | 2023-10-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

The next 10 years will be unlike the last two decades for investors, according to investment advisors and wealth managers. Those conditions could create more volatility and lower returns for assets that have done well over the past decade, according to Monchau. ELTIFs allow individual investors to invest alongside institutions in assets like infrastructure, private equity and private credit. "The ability to generate income is going to be far and away the better place for the next decade for investment," he said. For younger investors more than 10 years from retirement, Cox recommends a 100% equity portfolio, maximising returns with low-cost index ETFs.

Persons: Charles, Henry Monchau, Monchau, There's, Goldman Sachs, Franklin Templeton, Jamie Cox, Cox, it's, maximising Organizations: CNBC Pro, Swiss, BlackRock, Harris Financial Group, Unilever, Nestle, Broadcom Locations: Swiss, Geneva, Richmond , Virginia

☆ Here's how BlackRock's Rick Rieder is navigating the bond market sell-off in his outperforming ETF
▼ + stars: | 2023-10-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

BlackRock global fixed income CIO Rick Rieder said Friday that this year's bond market volatility has created opportunities to buy high quality yields on the cheap. The result is his new fund outperforming some of the biggest bond ETFs during the most recent sell-off. Aggregate Bond ETF (AGG) and 2.2% for the Vanguard Total Bond Market ETF (BND) , the two biggest bond ETFs. BINC 1M mountain BlackRock's BINC has held up better than major bond ETFs over the past month. "I think what people underestimate is the long end of the bond market, the 30-year Treasury, is about the same volatility as the stock market," he said.

Persons: Rick Rieder, Rieder, We've Organizations: BlackRock, Rieder, Aggregate Bond, Vanguard, Bond Market, CNBC, Treasury, Corporate Bond Fund, Fed, AAA, Mortgage, SEC Locations: BlackRock, Mexico, Brazil, Japan, iShares, United States, U.S

☆ 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

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

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) eyed its fifth straight weekly fall, while the Dow (.DJI) is on track to decline for the third straight week. Most major S&P 500 sectors were trading lower on Friday, with utilities (.SPLRCU), often considered a bond proxy, down 1.8%, while rate-sensitive real-estate (.SPLRCR) fell 1.2%. 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. EV maker Tesla (TSLA.O) fell 2.2% after cutting prices of its Model 3 and Model Y vehicles in the United States.

Persons: Brendan McDermid, Tesla, Neil Birrell, advancers, Ankika Biswas, Shashwat Chauhan, Anil D'Silva, Shounak Organizations: New York Stock Exchange, REUTERS, Companies, Exxon, Dow, Nasdaq, Federal Reserve, Labor, Premier Miton, Treasury, Nvidia, Traders, Energy, JPMorgan Chase, Citigroup, BlackRock, Dow Jones, Tesla, Exxon Mobil, Reuters, Natural Resources, NYSE, Thomson Locations: New York City, U.S, Wells Fargo, United States, Bengaluru

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