Wall Street Edges Lower as Chip Stocks Fall
US stocks edged lower as chip shares came under selling pressure, while investors assessed quarterly results from major banks.
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RBC downgrades building product companies, flags 2027 headwinds
RBC downgraded shares of Ferguson Enterprises Inc, Owens Corning, Mohawk Industries Inc, and Builders FirstSource Inc, citing headwinds in 2027 for the building products sector.
US stocks rise as cooler PCE inflation data boosts Fed hopes
Major U.S. stock indexes traded higher as a softer-than-expected PCE inflation report increased hopes the Federal Reserve might hold off on further rate hikes. Headline PCE rose 0.3% in August, below forecasts, while core PCE rose 0.2%.
Oil falls more than 1%, while US stocks remain slightly lower as yields rise
US crude is down more than 1% and the US 10-year Treasury yield is hovering around 5.25% and edging higher; major indexes trade slightly red and most S&P 500 sectors are lower.
Dow Gains Over 200 Points But Records Weekly Loss: Investor Sentiment Edges Higher, But Greed Index Remains in 'Fear' Zone
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Fear” zone on Friday. U.S. stocks settled mixed on Friday, with the Dow Jones index gaining more than 200 points during the session. However, the Nasdaq settled lower amid a decline in chip stock