The S&P 500 Index ($SPX) (SPY) today is up +0.31%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.21%.  December E-mini S&P futures (ESZ25) are up +0.22%, and December E-mini Nasdaq futures (NQZ25) are down -0.18%. US stock indexes are mostly higher today, with the S&P 500 posting a 1-week high and the Dow Jones Industrials posting a new all-time high. Stocks are climbing in anticipation that the US government shutdown could end as soon as tod ...

ANALYSIS: Despite data showing the labor market may have weakened during the government shutdown, Federal Open Market Committee (FOMC) members have struck a cautious tone in recent weeks. This is cooling expectations for a final rate cut in 2025, as the Fed balances sticky inflation and uncertainty with its need to maintain full employment. Markets have maintained some positive momentum on hopes the U.S. government shutdown will soon draw to a close. As the government shutdown has rumbled on, a dark clo ...

Economic Indicators - The ADP report indicated that the private sector lost an average of 11,250 jobs per week during the four weeks ending October 25th, suggesting a weakening labor market in late October [1] - Goldman Sachs estimated a decline of 50,000 in U.S. payrolls for October after accounting for the government's deferred resignation program [1] Government Shutdown and Economic Reports - A temporary funding bill has been passed by the Senate, potentially ending a 43-day U.S. government shutdown, with the House set to consider the package [4] - Following the government reopening, a wave of delayed economic reports is expected, which may clarify the outlook for interest rates [2] Stock Market Movements - Wall Street's major indexes closed mixed, with Paramount Skydance (PSKY) rising over +9% after issuing above-consensus Q4 revenue guidance [3] - FedEx (FDX) increased more than +5% after projecting improved profits, while RealReal (REAL) jumped over +38% following better-than-expected Q3 results [3] - Nvidia (NVDA) fell nearly -3% after SoftBank Group disclosed the sale of its entire stake in the chipmaker for $5.83 billion [3] Interest Rate Expectations - U.S. rate futures indicate a 63.4% chance of a 25 basis point rate cut at the next monetary policy meeting [6] - Market participants are closely monitoring comments from various Fed officials regarding potential rate cuts [5] European Market Performance - The Euro Stoxx 50 Index rose +1.01%, driven by optimism about the U.S. government reopening and expectations of a Fed rate cut [8] - Positive economic data from Germany showed a slight easing in annual inflation to 2.3% in October, while Italy's industrial production rebounded more than expected [8][10] Corporate Earnings - S&P 500 companies are projected to post a +14.6% increase in Q3 profits from a year earlier, nearly double analysts' expectations [6] - Notable companies such as Cisco (CSCO), TransDigm Group (TDG), and GlobalFoundries (GFS) are set to release quarterly results [6][16] Asian Market Developments - Japan's Nikkei 225 Stock Index closed higher, supported by gains in metals and pharmaceuticals, amid optimism regarding the U.S. government shutdown [12] - Foxconn Industrial reported a 17% increase in Q3 profit, contributing to its stock rise of about +0.8% [11]

We're going to start on the economy as the outlook for the Federal Reserve here and as we see a plan to end the government shutdown beginning to take shape. Joining us here first on CNBC is Federal Reserve Governor Steven Myin. Welcome.It's nice to have you. >> Hi, thanks for having me back. >> Does the does the shutdown impact or change your view of what's happening with the economy right now.>> You know, not really because the shutdown what the shutdown does is it depresses GDP growth in the quarter when ...

Market Overview - U.S. stock futures rose on Monday following a mixed close on Friday, with major benchmark indices showing positive movement [1] - Investors are focused on two significant developments: progress towards ending the government shutdown and a surprise stimulus proposal from President Trump [1][2] - The Senate held a key vote on a funding bill aimed at concluding the 40-day government shutdown [1] Economic Indicators - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.59% [2] - Market expectations indicate a 64.9% likelihood of the Federal Reserve cutting interest rates in December [2] Futures Performance - Dow Jones increased by 0.42%, S&P 500 by 0.97%, Nasdaq 100 by 1.52%, and Russell 2000 by 1.11% [3] - The SPDR S&P 500 ETF Trust (SPY) rose 0.98% to $677.52, and Invesco QQQ Trust ETF (QQQ) advanced 1.52% to $619.02 in premarket trading [3] Company Highlights - Occidental Petroleum Corp. (NYSE: OXY) is expected to report quarterly earnings of 52 cents per share on revenue of $6.68 billion, rising 0.70% in premarket [5] - Viasat Inc. (NASDAQ: VSAT) jumped 13.21% after posting earnings of 9 cents per share on sales of $1.141 billion for the second quarter [5] - Micron Technology Inc. (NASDAQ: MU) gained 4.48% due to rising prices for next-generation HBM4 memory chips [5] - Nvidia Corp. (NASDAQ: NVDA) increased by 3.23%, leading the Nasdaq and S&P 500 higher [11] - Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) climbed 2.76% with October revenue up 17% year-over-year to $11.99 billion [11] Analyst Insights - Ryan Detrick of Carson Group views government shutdowns as short-term noise, noting that the S&P 500's median return during past shutdowns was only 0.1% [8] - Historically, the S&P 500 has averaged a gain of 12.3% in the 12 months following the end of a government shutdown, with a 91% success rate in positive market performance post-reopening [9][10]

Market Overview - U.S. equities are experiencing a midday retreat on November 6, 2025, influenced by corporate earnings reports and the ongoing government shutdown [1][2] - The S&P 500 has slipped 0.4%, the Dow Jones Industrial Average has fallen by 185 points (0.4%), and the Nasdaq Composite is down 0.7%, with tech sector losses nearing 2% [2] Economic Context - The U.S. government shutdown has resulted in a lack of official economic data, creating uncertainty for investors and the Federal Reserve [3] - Federal Reserve officials are hesitant to proceed with rate cuts without reliable inflation data, leading to a decrease in Wall Street's forecast for a December interest rate cut from over 90% to 69% [3] Corporate Earnings Highlights - DoorDash (DASH) shares fell 14% after announcing higher product development spending despite beating revenue estimates [5] - Datadog (DDOG) surged 22.4% following an earnings report that exceeded analysts' forecasts [5] - Rockwell Automation (ROK) rose 5.7% after delivering strong results [5] Additional Company News - Western Union (WU) projected a 20% revenue improvement and 30% growth in adjusted earnings per share over the next three years [6] - Hyatt Hotels Corporation (H) reported a 0.3% increase in comparable system-wide RevPAR but posted a net loss of $(49) million [6] - Canada Goose Holdings Inc. (GOOS) announced strong second-quarter results with a 10% increase in comparable sales growth [6] - Fujifilm Holdings Corporation (FUJIY) reported a 3.8% revenue increase and a 16.9% rise in operating income, leading to an upward revision of its full-year forecast [6] Market Sentiment - Today's midday trading reflects cautious sentiment as investors weigh corporate performance against broader economic uncertainties stemming from the government shutdown and the Federal Reserve's cautious stance on future rate adjustments [8]

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Market Performance - Stocks rose on Wall Street, with the S&P 500 increasing by 0.5%, the Dow Jones Industrial Average rising by 62 points (0.1%), and the Nasdaq composite up by 0.8% [1] - The gains were driven by big technology stocks, with Nvidia rising by 1.6% and Alphabet increasing by 2.4% [2] Company Earnings - McDonald's shares rose by 2% following the return of its popular Snack Wraps, contributing positively to sales in Q3 [3] - International Flavors & Fragrances saw a 4.7% increase in stock price after exceeding quarterly profit forecasts [3] - Axon Enterprise's stock fell by 11.9% due to weaker profit forecasts than expected [3] - Live Nation Entertainment's shares dropped by 7.8% after its results did not meet analysts' expectations [3] Economic Indicators - A monthly ADP report indicated that private payrolls rose more than expected in October, providing insight into the job market [5] - The services sector expanded more than anticipated in October, although employment within that sector was still contracting [5] - The economic growth in October persisted despite the government shutdown, as noted by Comerica Bank's chief economist [6] Federal Reserve Outlook - The Federal Reserve is concerned about the weaker job market, which has influenced its decision to cut benchmark rates twice this year [7] - There is a mixed outlook regarding future rate cuts, with a 65% chance of a December rate cut now forecasted, down from 90% prior to the last cut [8] Bond Market - Treasury yields rose, with the 10-year Treasury yield increasing to 4.15% from 4.09% and the two-year Treasury yield rising to 3.62% from 3.58% [9]

Market Sentiment - Risk-off sentiment has been pervasive across markets, leading to a stronger USD against most currencies, with the exception of JPY [1][9] - The Australian dollar and New Zealand dollar have been particularly weak, with the latter reaching a nearly seven-month low following a rise in the unemployment rate [9][10] Currency Performance - The U.S. dollar index was steady at 100.18, having reached as high as 100.25 for the first time since August 1 [5][10] - Sterling is near a seven-month low after UK finance minister Rachel Reeves hinted at broad tax rises in her upcoming budget [1][2] - The New Zealand dollar fell to $0.5635 after a 1.2% drop on Tuesday, marking a seven-month low [7][10] Stock Market Trends - Selling pressure dominated Asian stock markets, with Japan's Nikkei dropping 2.4% and South Korea's KOSPI plunging 4.8% [4][9] Economic Indicators - The ongoing government shutdown in the U.S. has halted the flow of macroeconomic data, increasing focus on private ADP payrolls [6][10] - The Reserve Bank of Australia's recent policy statement was not perceived as hawkish, contributing to the weakness of the Australian dollar [8][10] Cryptocurrency Market - Bitcoin experienced a 6.1% decline on Tuesday, reaching its lowest level since June 22, trading around $100,317 [8][10]

Market Overview - Stock markets across Asia and Europe experienced significant declines following warnings from CEOs of Goldman Sachs and Morgan Stanley about a potential major correction in equity markets [1][3] - The STOXX Europe 600 fell by 1.41%, the U.K.'s FTSE 100 decreased by 1.11%, Japan's Nikkei 225 dropped by 1.74%, and South Korea's KOSPI saw the largest decline at 2.37% [2][8] CEO Insights - Goldman Sachs CEO David Solomon projected a potential 10 to 20% drawdown in equity markets within the next 12 to 24 months [3] - Morgan Stanley CEO Ted Pick echoed this sentiment, suggesting that 10 to 15% drawdowns could occur without a macroeconomic crisis [3] Investment Strategy - Morgan Stanley's chief investment officer, Lisa Shalett, advised clients to consider selling speculative tech stocks and to focus on diversifying into large-cap core and quality stocks, particularly those benefiting from generative AI [4] Systemic Risk Concerns - UBS Chair Colm Kelleher highlighted systemic risks in the private credit market, particularly due to inadequate regulation and the use of lenient ratings agencies by loan providers [5] - Reports indicated that loan originators are tightening legal terms in private credit deals, signaling potential trouble ahead [6] Federal Reserve Outlook - Two members of the Federal Reserve expressed uncertainty regarding further interest rate cuts in December, with Fed Governor Lisa Cook emphasizing that each meeting's decisions are based on incoming data [7] - The ongoing U.S. government shutdown has contributed to economic uncertainty, with key trade data being delayed [7]