Market Overview - US stocks experienced a rally, with the Dow Jones Industrial Average increasing by over 1.1% (more than 500 points), the S&P 500 rising almost 1.1%, and the Nasdaq Composite gaining about 1.4% due to strong demand for the iPhone 17, which pushed Apple stock to a record high [1] Earnings Season - The earnings season is gaining momentum, with significant reports expected from Tesla, Intel, Netflix, and Coca-Cola, creating optimism among investors [2] - Zions Bancorp's third quarter results are anticipated, following concerns about bad loans linked to fraud that affected investor sentiment regarding US credit quality [2] Trade Relations - A lull in trade war tensions has been noted, with Treasury Secretary indicating a de-escalation in US-China relations and upcoming talks in Malaysia [3] - President Trump highlighted key issues such as rare earths, fentanyl, and soybeans, suggesting a potential softening of the US trade stance, which may reduce the likelihood of the threatened 100% additional tariff on Chinese imports set for November 1 [3] Government Shutdown Impact - The US government shutdown has entered its third week, with ongoing disputes over federal healthcare subsidies, raising concerns about potential impacts on near-term GDP growth, although any slowdown is expected to be temporary [4] - The shutdown has delayed the release of critical inflation and jobs data, with the Consumer Price Index for September set to be released on Friday, which could influence the Federal Reserve's rate decisions [5] AWS Outage - A significant outage at Amazon's AWS affected various platforms, including Robinhood and major companies like United Airlines and Reddit, causing widespread disruption [6]

It's Monday, October 20, 2025, just before market close. Below is your easy to follow summary of how the stock market moved during trading hours, brought to you by International Business Times. Let's dive in.U.S. stocks rallied today, with all three major indexes posting solid gains as investors cheered strong earnings from technology and banking giants. The upbeat session put Wall Street back near record highs, easing recent worries over slowing growth and policy uncertainty.The S&P 500 advanced roughly 1. ...

Market Overview - Stocks are climbing on Wall Street, with the S&P 500 rising 1% and nearing its all-time high, while the Dow Jones Industrial Average increased by 358 points (0.8%) and the Nasdaq composite rose by 1.4% [2][3] Company Highlights - Cleveland-Cliffs saw a significant stock increase of 24% after its CEO announced potential details about a deal with a major global steel producer, which could lead to higher profits. Additionally, the company may have discovered rare earth materials in Michigan and Minnesota [3][4] Banking Sector - Stocks of smaller and midsize banks are recovering after previous warnings about potentially bad loans. Zions Bancorporation's stock rose 2.5% following a 5.1% drop last week, as it prepares to report quarterly earnings amid scrutiny over $50 million in charged-off loans due to borrower misrepresentations [5][7] Corporate Earnings - The upcoming week is significant for corporate earnings reports, with major companies like Coca-Cola, Tesla, and Procter & Gamble set to release their results. There is pressure on companies to demonstrate profit growth to justify high stock prices, especially as the S&P 500 remains near its all-time high following a 35% increase since April [7][8][9] Economic Indicators - Corporate profit reports are increasingly important as they provide insights into the U.S. economy's strength, especially with delays in government economic updates due to a shutdown. The Federal Reserve faces challenges in balancing high inflation and a slowing job market, with indications of potential interest rate cuts [9][10] Global Market Trends - In international markets, Japan's Nikkei 225 rose 3.4% following political developments, while indexes in Hong Kong and Shanghai increased by 2.4% and 0.6%, respectively, after China reported a 4.8% annual economic growth rate, despite ongoing struggles in its property market [13][15]

IRS Updates Guidance Related To 2026 Tax Items Indexed For Inflation https://t.co/WlD3mNFdSz ...

Wall Street and Main Street are wringing their hands over the next inflation update from the Bureau of Labor Statistics on Oct. 24. The BLS's monthly Consumer Price Index is a major inflation measure that could sway the likelihood that the Federal Reserve cuts interest rates when it meets on Oct. 29. The last CPI data from August weren't overly reassuring. It showed headline inflation increased to 2.9%, due mainly to recently instituted tariffs. For comparison, the CPI reading in April, before most of Pre ...

Market Overview - U.S. equity markets are experiencing a robust rally, with major indexes nearing record highs driven by easing banking sector concerns and a strong start to the third-quarter earnings season [1][2] - The S&P 500 is up approximately 1.0% to 1.1%, nearing its all-time high of around 6,730 points, contributing to a year-to-date return of approximately 14.47% [2] - The Dow Jones Industrial Average has increased between 0.8% and 1.1%, reaching levels around 46,560 [2] - The Nasdaq Composite is leading the surge with an advance of around 1.4% to 1.5%, achieving a notable year-to-date return of 16.9% [2] Sector Performance - The Philadelphia Semiconductor Index hit an all-time high, rising 2.2%, indicating strong investor confidence in the semiconductor industry [3] - The Information Technology and Communication Services sectors are key drivers of the market uplift, reflecting ongoing appetite for growth-oriented companies [4] - The S&P Energy index gained 0.3%, while industrials added almost 1%, showing positive movement across various sectors [5] Corporate Earnings and Events - A heavy week for corporate earnings reports is anticipated, with major companies like Coca-Cola, Tesla, and Procter & Gamble set to release quarterly results [6] - The delayed U.S. Consumer Price Index (CPI) for September is expected to be released this week, which could influence Federal Reserve monetary policy decisions [7] Notable Stock Movements - Apple shares surged approximately 4.3% to 4.5%, reaching an all-time high of $263.47, attributed to strong sales of the new iPhone 17 lineup [13] - Cleveland-Cliffs stock jumped 18% to 24% following announcements regarding potential rare earth findings [13] - Moderna shares rose approximately 7% after announcing positive data for influenza vaccine candidates [13] - Micron Technology shares increased 3.6% to a record high after Barclays raised its price target [13] - WeightWatchers surged 9.4% due to a partnership with Amazon for weight-loss drug delivery [13] - Conversely, Oracle stock fell an additional 5%, extending a nearly 7% decline from the previous Friday [13]

President Donald Trump in an interview on Sunday said that if the Supreme Court rules that his tariffs are unconstitutional, the U.S. will struggle economically for years. Trump appeared on Fox News' "Sunday Morning Futures" and said Gaza could be rebuilt as a "freedom place" that would be "paid for by the wealth of the wealthiest countries," but warned that the Supreme Court striking down his tariffs could hurt the U.S. economy over the long term."If we win the tariff case, which hopefully we will, it's vi ...

Joining me now, Chenali Bassik, chief investment strategist at I Capitalap. Shanali, great to have you. >> Good to be here.>> So, Chanel, we're heading into a big earnings week. We have Tesla, Netflix, Coca-Cola, among others. We'll also get CPI, some long-awaited data.What are you watching most closely. What's going to move the market this week. >> Well, there are a few things.Earning season has held up pretty strong so far. We have been watching to see as the labor market continues to weaken. whether that ...

Core Insights - A significant portion of Americans are struggling financially, with approximately 40% living paycheck to paycheck and unable to save for retirement [1][6] - Competing expenses such as debt repayment, housing costs, and unexpected expenses contribute to a "financial vortex" that hinders retirement savings [2] - Inflation and life events like career gaps or divorce exacerbate the challenges faced by workers in saving for retirement [2] Financial Challenges - 35% of Americans have less than $100 left after covering monthly obligations, indicating severe financial strain [2] - A recent survey shows that 58% of American workers feel they are behind on retirement savings [3] - Wages have not kept pace with inflation, with a decline of 0.02% in real wages from Q1 2020 to Q2 2025, further limiting financial flexibility [4] Employment and Savings - The weakening job market has led many to rely on credit cards for survival, resulting in high-interest debt [5] - As immediate financial priorities take precedence, retirement savings are often neglected [5] - The Goldman Sachs report predicts that the percentage of households living paycheck to paycheck without the ability to save for retirement will rise to 55% by 2033 [6]

Economic Impact of Government Shutdown - The ongoing government shutdown, now in its 20th day, is negatively impacting the economy as federal workers are not working, leading to a ripple effect on local businesses [4][5] - The uncertainty surrounding the resolution of the shutdown complicates long-term investment decisions, as markets are unclear about future tax policies and government actions [5][6] Bond Market Insights - Recent data indicates a flight to safety in the bond market, with yields dipping below 4%, the lowest close in about a year, due to concerns over defaults and bad loans at regional banks [6][8] - High yield credit spreads are expected to widen further as more companies in distress are becoming visible, although investment-grade bonds have remained stable [8][9] Federal Reserve Rate Cuts - The market is pricing in several rate cuts, with expectations of two more cuts this year and another into next year, although this may be overly aggressive depending on upcoming economic data [10][12] - There is a divergence in views within the Federal Reserve, with some members expressing caution regarding inflation pressures, which could affect future rate cut decisions [12]