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News 2026-09-29 16:15 UTC
S&P 500 and Nasdaq modestly lower; Dow about 0.6% down. Utilities lead gainers, healthcare lags. Dollar firmer, gold up about 1%, US crude down over 2%, and US 10-year yield around 5.28%. Apollo Global Chief Economist Torsten Slok highlights a potential gap between AI cash-flow projections.
News 2026-09-29 15:36 UTC
The Conference Board said U.S. consumer confidence fell 7.6 points to 81.9 in September, while the S&P CoreLogic Case-Shiller 20-city home price index rose 0.3% in July and 2.5% year over year.
News 2026-09-29 14:40 UTC
WFII says persistent near-term inflation may require a more forceful Fed response, forecasting a full point hike from current levels by spring 2027. It expects the 10-year Treasury yield at 5.25%-5.75% and 30-year at 5.50%-6.00% by end-2027; 10-year hovering around ~5.25% on a six-day daily increase run.
News 2026-09-29 14:39 UTC
WFII SEES PERSISTENT INFLATION REQUIRING MORE FORCEFUL FED RESPONSEWells Fargo Investment Institute expects persistent geopolitical risks and robust corporate technology spending to keep inflationary pressures elevated, leading the Federal Reserve to tighten monetary policy further.The institute sa…