Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. ...

Ladies and gentlemen, The Federal Reserve is on the move once again. Roughly one year after the Fed embarked on their first interest rate cuts since that generational move higher, the Federal Reserve is active once again. Last week, theAnalyst’s Disclosure:I/we have a beneficial long position in the shares of RLTY, RQI, RFI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seek ...

Group 1 - Citigroup has adjusted its rating for Robinhood to Neutral and raised the price target from $120 to $135 [1][6] - The Federal Reserve's interest rate cuts have positively impacted the financial sector, benefiting Robinhood's business model [2][6] - Robinhood is experiencing an increase in new account openings, capital inflows, and trading activity, indicating strong financial momentum [3][5] Group 2 - Robinhood's stock is currently trading at $124.89, with a market capitalization of approximately $111 billion and a trading volume of 33.1 million shares [4][6] - Over the past year, Robinhood's stock has seen a significant increase from a low of $22.05, reflecting strong market confidence [5][6] - The recent trading activity has marked a new high for Robinhood's stock price over the past year, indicating robust performance in the current economic conditions [4][5][6]

Core Insights - U.S. business activity has slowed for the second consecutive month in September, with firms facing increased costs due to tariffs but not passing these costs onto consumers, which is positive for inflation outlook [1][2] Group 1: Business Activity - The S&P Global's flash U.S. Composite PMI Output Index decreased to 53.6 in September from 54.6 in August, indicating a slowdown in both manufacturing and services sectors [2] - The measure of prices paid by businesses for inputs rose to 62.6 from 60.8, with tariffs cited as the main cause of cost increases [2] - The gauge of prices charged by businesses for goods and services fell to 56.0 from 58.3, as firms struggled to pass on higher costs due to weak demand and competition [2][3] Group 2: Inflation and Economic Outlook - Despite recent inflation increases, prices have not surged as anticipated following the implementation of tariffs, with consumers becoming more selective [2] - The number of companies able to raise selling prices has decreased, indicating squeezed margins but suggesting moderation in inflation [3] - The Federal Reserve has resumed cutting interest rates, lowering the benchmark overnight interest rate by 25 basis points to a range of 4.00%-4.25% and projecting continued reductions through 2025 [3]

NEW YORK (AP) — U.S. stock indexes slipped on Tuesday as Wall Street took a pause from its relentless rally. The S&P 500 dipped 0.6%. The Dow Jones Industrial Average dropped 88 points, or 0.2%, and the Nasdaq composite sank 0.9%. It’s the first pullback for the indexes after the trio set all-time highs in each of the last three days. Since surging from a bottom in April, the broad U.S. stock market has been facing criticism that it’s shot too high, too fast and become too expensive. Even the head of the ...

Group 1 - Nvidia shares increased by 3.9% after announcing it will invest up to $100 billion in OpenAI and supply data center chips, boosting optimism about AI prospects [1][9] - Apple shares rose 4.3% following Wedbush's target price increase due to strong demand for the iPhone 17, while Tesla shares climbed 1.9% [1][9] - The S&P 500 technology sector led gains, ending 1.7% higher, contributing to a year-to-date increase of 13.8% and a 3.6% rise for September [1][6] Group 2 - Federal Reserve officials expressed skepticism about the necessity for further rate cuts, despite a recent quarter-point cut aimed at managing unemployment risks [2][3] - St. Louis Fed President Alberto Musalem and Atlanta Fed President Raphael Bostic emphasized that lowering inflation remains a priority, while Fed Governor Stephen Miran noted that monetary policy is "well into restrictive territory" [3][9] Group 3 - The Dow Jones Industrial Average rose by 66.27 points (0.14%) to 46,381.54, the S&P 500 gained 29.39 points (0.44%) to 6,693.75, and the Nasdaq Composite increased by 157.50 points (0.70%) to 22,788.98 [7][10] - Kenvue shares fell 7.5% amid concerns over new FDA guidance linking acetaminophen to autism, but rebounded by 4.7% after the announcement [8][10] - Advancing issues outnumbered decliners on both the NYSE and Nasdaq, with a volume of 18.65 billion shares traded, surpassing the 17.5 billion average over the last 20 trading days [9][10]

Group 1 - The Sprott Gold Miners ETF (SGDM) has reached a 52-week high and is up 121.09% from its 52-week low price of $26.60 per share [1] - The underlying index, Solactive Gold Miners Custom Factors Index, tracks larger-sized gold companies listed on Canadian and major U.S. exchanges, with an annual fee of 50 basis points [1] - The recent performance of gold is influenced by geopolitical tensions and increased demand for safe-haven assets, alongside the Federal Reserve's rate cuts [2] Group 2 - SGDM is expected to maintain strong performance in the near term, indicated by a positive weighted alpha of 104.17, suggesting potential for further gains [3]

Market Overview - Major indexes reached record-setting closing highs last week, but pre-market futures indicate a sell-off with the Dow down 170 points, S&P 500 down 22 points, Nasdaq down 92 points, and Russell 2000 down 5.5 points [1] - Bond yields remain flat, with the 10-year yield at 4.13% and the 2-year yield at 3.58% [1] Earnings Reports and Economic Data - No major earnings reports or economic data are expected today, as the market is in between quarterly earnings seasons [2] - Early Q3 earnings season is considered underway, with companies like FedEx already reporting [5] - Upcoming earnings reports include AutoZone, Micron, KB Home, and Costco [5] Economic Indicators - This week will see the release of New & Existing Home Sales figures for August, flash Services PMI from S&P and ISM, Retail/Wholesale Inventories, Durable Goods Orders, and the final print on Q2 GDP [6] - Personal Consumption Expenditures (PCE) for August will be released on Friday, which is the Fed's preferred gauge of inflation [6] Inflation Metrics - Headline PCE year over year is expected to increase by 10 basis points to +2.7%, following two months at +2.6% and a low of +2.2% in April [7] - Core PCE year over year is expected to remain at +2.9%, consistent with previous months [8] - The Fed's optimal inflation level is +2.0%, with the closest metric reaching +2.6% in April of this year [8]

Market Overview - Major indexes reached record-setting closing highs last week, but pre-market futures indicate a sell-off with the Dow down 170 points, S&P 500 down 22 points, Nasdaq down 92 points, and Russell 2000 down 5.5 points [1] - Bond yields remain flat, with the 10-year yield at 4.13% and the 2-year yield at 3.58% [1] Earnings Reports and Economic Data - No major earnings reports or economic data are expected today, as the market is in between quarterly earnings seasons [2] - Early Q3 earnings season is considered underway, with companies like FedEx already reporting [5] - Upcoming earnings reports include AutoZone, Micron, KB Home, and Costco [5] Federal Reserve Insights - Fed officials, including New York Fed President John Williams and others, will be speaking today [2] - Recent monetary policy decisions included a 25 basis points cut in interest rates, with Stephen Miran advocating for a more aggressive 50 basis points cut [3][4] - The Fed's preferred gauge of inflation, Personal Consumption Expenditures (PCE), is set to be released, with expectations for a year-over-year increase to 2.7% for August [6][7] Inflation Metrics - Core PCE is expected to remain at 2.9%, with the Fed's optimal inflation level at 2.0% [8]

Federal Reserve and Economic Indicators - Stephen Miran, the new Fed governor, will speak in New York, with Fed Chair Jerome Powell following on Tuesday, as markets await key inflation data on Friday [1][12] - A weak Personal Consumption Expenditures (PCE) report could increase the likelihood of another quarter-point rate cut in October, with Wall Street expecting September's PCE to show soft inflation [2][12] Gold and Cryptocurrency Market - Gold prices reached an all-time high of $3,750, driven by expectations of further Fed rate cuts before the end of 2025, while Bitcoin and other cryptocurrencies experienced significant declines, resulting in over $1.5 billion in losses for traders [3][11][12] Oracle Corporation Developments - Oracle's stock fell over 1% following the announcement of CEO Safra Catz's resignation, with the company appointing two new co-CEOs, Clay Magouyrk and Mike Sicilia, as part of a succession plan [5][13] - Earlier, Oracle shares rose due to news that the company will manage TikTok's algorithm in the US and store American user data, which is expected to positively impact Oracle's revenue from TikTok [7][13] Pfizer Acquisition - Pfizer announced its acquisition of Metsera, a weight-loss drug company, for $7.3 billion, with Metsera's stock soaring over 60% in premarket trading following the news [8][13] - Under the agreement, Pfizer will pay $47.50 per share for Metsera, valuing the company at $4.9 billion, with potential additional payments based on clinical and regulatory milestones [9][13] Market Sentiment and Upcoming Reports - Investors are closely monitoring Micron Technology's earnings report for insights into AI chip demand and Costco's results for consumer spending trends, alongside the University of Michigan's consumer sentiment index due Friday [10][13]