Section
Equities, indexes, earnings, and the moves that reset portfolios.
With Delta set to open airline earnings on Friday, Barclays and Raymond James warn that jet fuel near $4 a gallon is swallowing fare increases—and American Airlines already guided to a third-quarter loss.
After Friday’s payroll shock, investors enter a new week focused on Monday’s ISM services reading, a 10-year yield near 5.28%, and whether tech can keep carrying the Nasdaq.
Friday’s 29,000-job payroll print sent small-cap and tech shares higher while traders slashed October Fed hike bets, even as Treasury yields reversed part of the morning drop.
U.S. employers added 29,000 jobs in September and unemployment rose to 4.2%, a miss that sent stock futures higher as traders bet the Fed will pause in October.
The S&P 500 finished September at 7,651.54 after a morning inflation relief rally reversed, leaving the index down for the month while the 10-year Treasury yield closed at 5.29 percent.
The Dow closed at 51,349.92 on Tuesday as bond yields hovered near multidecade highs, while morning data showed core PCE inflation cooled to 3.0% in August.
