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Crude Oil Rises Over 2%; Bionano Genomics Shares Plunge - GD Culture Group (NASDAQ:GDC), Bionano Genomics (NASDAQ:BNGO)
Benzinga· 2025-09-16 17:41
U.S. Stock Market - U.S. stocks traded mostly lower, with the Dow Jones index falling more than 150 points, down 0.37% to 45,713.02 [1] - NASDAQ fell 0.03% to 22,341.05, and S&P 500 dropped 0.14% to 6,605.77 [1] - Energy shares increased by 1.1%, while utilities stocks fell by 0.8% [1] Company Performance - Dave & Buster's Entertainment Inc. reported second-quarter revenue of $557.41 million, missing analyst estimates of $562.78 million [2] - Adjusted earnings for Dave & Buster's were 40 cents per share, below estimates of 92 cents per share [2] Commodities - Oil prices increased by 2.2% to $64.70, while gold rose by 0.2% to $3,726.00 [5] - Silver traded up 0.1% to $43.000, and copper fell 0.1% to $4.7120 [5] European Markets - European shares were lower, with the eurozone's STOXX 600 falling 0.86% [6] - Spain's IBEX 35 Index decreased by 1.30%, and London's FTSE 100 fell 0.74% [6] Asian Markets - Asian markets closed mostly higher, with Japan's Nikkei gaining 0.30% and India's BSE Sensex increasing by 0.73% [7] Notable Stock Movements - Turbo Energy, S.A. shares surged 408% to $13.72 after securing a $53 million contract for energy storage projects in Spain [8] - WEBTOON Entertainment Inc. shares rose 28% to $19.13 following a non-binding agreement with Disney [8] - Jumia Technologies AG shares increased by 22% to $11.90 after an upgrade from RBC Capital [8] - Bionano Genomics, Inc. shares dropped 41% to $1.6398 due to a $10 million public offering announcement [8] - GD Culture Group Limited shares fell 19% to $7.84 after entering a share exchange agreement [8] - Next Technology Holding Inc. shares decreased by 17% to $23.79 after filing for a stock shelf of up to $500 million [8] Economic Indicators - U.S. business inventories increased by 0.2% month-over-month in July, aligning with market estimates [11] - The NAHB/Wells Fargo Housing Market Index remained steady at 32 in September [11] - U.S. industrial production rose by 0.1% in August, exceeding market expectations [11] - U.S. retail sales increased by 0.6% month-over-month in August, surpassing expectations [11] - Export and import prices both rose by 0.3% in August [11]
Retail Sales, Imports & Exports Warmer Ahead of Fed Meeting
ZACKS· 2025-09-16 15:31
Economic Data Summary - Retail Sales for August increased by +0.6%, double the expected +0.3%, reverting to the baseline seen in late 2024 [1] - Excluding auto sales, Retail Sales rose by +0.7%, which is 10 basis points higher than the upwardly revised July figure, marking the second-highest increase this year [2] Inflation Indicators - The Import Price Index for August showed a positive change of +0.3%, contrasting with an expected decline of -0.2%, marking the first back-to-back positive reports since February [4] - Export prices also increased by +0.3% month-over-month and +3.4% year-over-year, the highest level seen in 2025 [5] Federal Open Market Committee (FOMC) Meeting Insights - The FOMC meeting is set to include 12 voting members, with new developments including the addition of a Fed Governor [6] - Stephen Miran, Chairman of the Presidential Council of Economic Advisors, is expected to advocate for a more significant rate cut than the anticipated 25 basis points [7] - The previous FOMC meeting saw dissenting votes for the first time in 30 years, indicating potential shifts in monetary policy perspectives [8]
Retail Sales Up 0.6% in August, Higher Than Expected
Etftrends· 2025-09-16 15:31
The Census Bureau's Advance Retail Sales Report for August showed consumer spending was higher than expected, with headline sales rising 0.6% versus the expected 0.2% monthly growth. This is unchanged from July's upwardly revised 0.6% growth and marks the third consecutive monthly increase in headline sales. For an inflation-adjusted perspective on retail sales, take a look at our Real Retail Sales commentary. Here is the introduction from today's report: Advance estimates of U.S. retail and food service ...
US Retail Sales Rise for Third Month in a Row
Bloomberg Television· 2025-09-16 13:48
Good morning, John. Well, there's an old saying don't stand between an American and a cash register. And it looks like that was the case.Retail sales, a much stronger, stronger than expected, 6/10 percent gain after a 5/10 in the month of July. The survey thought we'd only see 2/10 in. A lot of the weakness was expected to be in automobiles.Retail sales ex autos up 7/10 of a percent, ex autos and gas up 7/10 of a percent. The July numbers have been revised higher, with advance headline sales up 6/10 instead ...
S&P 500, Nasdaq Build on Records Ahead of Fed Rate Decision
Barrons· 2025-09-16 13:31
Market Performance - The Dow Jones Industrial Average increased by 40 points, or 0.1% [2] - The S&P 500 also rose by 0.1% [2] - The Nasdaq Composite saw a gain of 0.2% [2] - Both the S&P and Nasdaq reached closing highs on Monday, indicating potential for further milestones [2] Treasury Yields - The yield on the 2-year Treasury note decreased to 3.54% after a brief spike due to stronger-than-expected retail sales [2] - The yield on the 10-year Treasury note slightly increased to 4.05% [2] Federal Reserve Meeting - Market participants are awaiting updates from the Federal Open Market Committee's two-day meeting, which may influence stock performance [1][2]
Retail sales up 0.6%, topping forecast for August
CNBC Television· 2025-09-16 13:07
We are just seconds away from retail sales and import uh prices and the futures uh this morning have moderated a little bit there more than that but who knows how much movement we see for the next u couple of trading sessions maybe there'll be some Rick Santelli standing by at the CME uh in Chicago Rick uh you got the numbers please yes we are waiting our August read of course on retail sales this is the advanced look we'll get a more penciled in look in about a week and a half and the numbers hitting the w ...
X @Bloomberg
Bloomberg· 2025-09-16 12:48
US retail sales rose in August for a third month in a broad advance, rounding out a resilient summer of spending. https://t.co/G9NlKewGlg ...
US retail sales beat expectations in August; weakening labor market dims outlook
Reuters· 2025-09-16 12:43
U.S. retail sales increased more than expected in August, but momentum could ease amid labor market weakness and rising goods prices because of tariffs on imports. ...
US retail sales increase strongly; softening labor market a headwind
Yahoo Finance· 2025-09-16 12:43
Core Insights - U.S. retail sales increased more than expected in August, driven by consumer spending across various goods and dining out, despite concerns over a weakening labor market and rising prices due to tariffs [1][2][3] Retail Sales Performance - Retail sales rose by 0.6% in August, following an upwardly revised 0.6% increase in July, surpassing economists' expectations of a 0.2% rise [4] - Year-over-year, retail sales increased by 5.0%, indicating strong consumer demand [5] - Adjusted for inflation, monthly sales growth was estimated at only 0.2% [5] Sector-Specific Trends - Sales at auto dealerships increased by 0.5%, reflecting higher prices despite a decline in units sold [5] - Clothing store sales advanced by 1.0%, while sales at sporting goods, hobby, musical instrument, and book stores rose by 0.8% [5] - Online sales surged by 2.0%, following a 0.6% increase in July, suggesting a shift in consumer purchasing behavior [6] Economic Context - The increase in retail sales underscores the economy's resilience amid challenges, leading economists to upgrade GDP estimates for the third quarter [3] - The Federal Reserve's primary concern remains the softening labor market, but positive retail data may influence a cautious approach to interest rate cuts [4][6]
Gold holds solid overnight gains as U.S. retail sales jumps 0.6% in August
KITCO· 2025-09-16 12:43
Group 1 - The article does not provide any specific insights or data related to a company or industry [1][2][3][4]