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The one-hour <keyword id="23618998" type="General" weightage="100" keywordseo="Muhurat-trading" source="keywords">muhurat trading</keyword> session, which marks <keyword id="20963892" type="General" weightage="20" keywordseo="Diwali-2024" source="keywords">Diwali 2024</keyword> and the onset of Hindu Samvat 2081 on both NSE and BSE, is set to commence at 6 pm today and will conclude at 7 pm. Generally, investors and traders make symbolic stock buys during this hour-long session, since it is believed that purchases made during this time herald wealth and prosperity for one’s investments for the year to come. If you are looking for <keyword id="19910146" type="General" weightage="20" keywordseo="stock-recommendations" source="keywords">stock recommendations</keyword> to add to your portfolio, here are a few value picks by SAMCO and Kotak Securities you can consider: <keyword id="19895995" type="General" weightage="20" keywordseo="HDFC-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="HDFC Bank" meta.hostid="261" meta.entityid="HDFC Bank">HDFC Bank</keyword> Ltd Holding period: 1 year Last Traded Price: Rs 1,734.30 Per the firm, “The bank has maintained a robust 10-year profit CAGR of 21.74%, operating with a NIM (net interest margin) of 3.5% and a low net NPA (non-performing assets) of 0.3%. Advances and deposits have shown steady growth. Currently, the stock trades below its 10-year average price-to-book value and at a price-to-earnings ratio of 19, offering a favorable risk-reward profile with a substantial downside buffer”. <keyword id="22086440" type="General" weightage="20" keywordseo="Vindhya-Telelinks" source="keywords" meta.keywordsubtype="org" meta.entityname="Vindhya Telelinks" meta.hostid="261" meta.entityid="Vindhya Telelinks">Vindhya Telelinks</keyword> Ltd Holding Period: 1 year Last Traded Price: Rs 1,992.55 SAMCO notes that this key cable manufacturing, which is a joint venture between Universal Cables Limited and Madhya Pradesh State Industrial Development Corporation, has shown robust growth over the last 5 years, nearly doubling revenues with a 14.3% CAGR. The company holds significant investments in Birla Cable Ltd, Birla Corporation Ltd, and Universal Cable Ltd, totaling Rs 3,618 crore—surpassing its market capitalization of Rs 2,545 crore. This solid investment base underscores Vindhya Telelinks’ strong fundamentals and financial potential. <keyword id="23763358" type="General" weightage="20" keywordseo="Ramco-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Ramco Industries" meta.hostid="261" meta.entityid="Ramco Industries">Ramco Industries</keyword> Ltd Holding Period: 1 year Last Traded Price: Rs 244.89 SAMCO observes that over the past decade, sales grew at a 7% CAGR, while the share price rose at a 14% CAGR. Known for its financial stability, Ramco Industries boasts a low debt-equity ratio of 0.07 and has consistently paid dividends since FY17, currently yielding 0.31%. The stock’s attractive price-to-book multiple of 0.5 offers a solid margin of safety, highlighting its investment appeal. <keyword id="22786675" type="General" weightage="20" keywordseo="Gravita-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Gravita India" meta.hostid="261" meta.entityid="Gravita India">Gravita India</keyword> Holding Period: 12 months Last Traded Price: Rs 2,119 Kotak explains that Gravita India is the market leader in India’s emerging recycling industry with a focus on lead recycling. Gravita India is increasing its recycling capacity by a massive 72% to 500 ktpa by FY27E. “We expect the company’s earnings per share to grow by 31.8% in FY25E &amp; 31.6% in FY26E. We also expect an upside of 15% or more on this stock over the next 12 months”, adds Kotak’s note. <keyword id="23763359" type="General" weightage="20" keywordseo="S-H-Kelkar" source="keywords" meta.keywordsubtype="org" meta.entityname="S H Kelkar" meta.hostid="261" meta.entityid="S H Kelkar">S H Kelkar</keyword> and Company (SHKL) Holding Period: 12 months Last Traded Price: Rs 289.90 The company is a flavors &amp; fragrances (F&amp;F) supplier and has started to make inroads into the global market. SHK is well-placed to drive double-digit revenue growth. The company is a small but emerging contender in the vast F&amp;F market, with potential for margin expansion—higher-margin geographies &amp; operating leverage—allowing for over 15% return upside in the next 12 months. Kotak Securities further notes that FY25 will likely see more broad-based growth across sectors. However, the OMCs (oil marketing companies) may likely drag down overall profits. Most sectors and stocks are quite overvalued, with the degree of overvaluation ranging from: (1) low for most large-cap consumers, IT services, and pharmaceuticals (2) medium in the investment space (3) high in the case of several low-quality companies. "As the broader market valuations are rich, opportunities arising from market correction can be used to add quality stocks (with attractive valuations) from a long-term investment perspective," explains the research firm's note. SAMCO further advises adding a little glitter to your portfolio using GoldBees and SilverBees ETFs since there are recessionary fears in the US and geopolitical tensions across the world. Even central bankers like RBI have been adding gold to their vaults like never before. At present, markets are looking to secure their return on capital rather than seeking a return on capital. "Thus all of these make a strong case to add gold and silver to the portfolio. They will give stability to your portfolio this Samvat," adds SAMCO's note.

Muhurat trading 2024: 5 stock picks you can consider this time around

<div type="image" title="Save yourself the trouble of buying physical gold this Diwali, and instead, go digital with Gold ETFs!" height="900" width="1200" msid="114507055" hostid="261" sizebytes="439216" caption="&amp;lt;p&amp;gt;Save yourself the trouble of buying physical gold this Diwali, and instead, go digital with Gold ETFs!&amp;lt;/p&amp;gt;"></div> Ah, <keyword id="18712" type="General" weightage="20" keywordseo="Gold" source="Orion">gold</keyword>! The shiny metal that's been making humans lose their minds since time immemorial. And yet, from <keyword id="23657519" type="General" weightage="20" keywordseo="king-midas" source="keywords">King Midas</keyword> to our neighbourhood aunty and even our moms (and secretly dads), everyone seems to have a super soft spot for the <keyword id="6384667" type="General" weightage="20" keywordseo="Bullion" source="Orion">bullion</keyword>. But here's the kicker: right now, gold prices are breaking all records on their upward trajectory! As of today, prices of 24k carat gold have passed the Rs 80,000 mark per 10 grams. And if experts are to be believed, this train isn't stopping anytime soon! So, as shiny as gold might look, adding even a bit of its glitter as we start decking up for the festive season might not be so easy on your pockets. But let's admit it—we love our gold and can't live without it. No wonder India is the second-largest consumer of the yellow metal in the world, only behind China. Such is our fondness for the metal that the <keyword id="20195223" type="General" weightage="20" keywordseo="world-gold-council" source="keywords">World Gold Council</keyword> had to up our 2024 annual demand forecast to 850 tonnes, up from the previously estimated 750 tonnes. However, our love for gold isn't just about looking fabulously embellished and blinding people with its bling. Indians also see gold as a long-term, trusty investment, supporting our other hard-earned assets, especially when high <keyword id="22195" type="General" weightage="20" keywordseo="Inflation" source="Orion">inflation</keyword> rates pull our returns down. After all, while inflationary pressures generally weaken the purchasing power of our regular paper money, gold is built differently. When the world is buckling to inflation, gold gains value during these times. This is also why it is considered a solid hedge against inflation. With <keyword id="188" type="General" weightage="20" keywordseo="Diwali" source="Orion">Diwali</keyword> and <keyword id="4067" type="General" weightage="20" keywordseo="Dhanteras" source="Orion">Dhanteras</keyword> knocking at our doors, the inflation demon continued to bother India like a guest who refused to leave. Just last month, the Consumer Price Index (CPI) stood at 5.49%, much higher than the anticipated levels. Moreover, the diverging policy stances among central bankers worldwide, growing geopolitical tensions, tough job markets, and extreme weather events are only adding to the uncertainty. In such economically uncertain times, what should your gold strategy be this festive season? To buy or not to buy, that is the question. Well, let’s get to it. <h2><keyword id="20050894" type="General" weightage="100" keywordseo="gold-etfs" source="keywords">Gold ETFs</keyword> to the rescue</h2>See, buying physical gold jewellery is certainly a flex, but also a financial fuss. First, you pay a heavy amount to buy gold. Not to mention all those extra, hefty jewellery-making charges. And then you pay even more money to keep it safe in a bank locker, lest it get stolen. But what if we tell you that you can own pure 24k gold, minus all these frills? Welcome, Gold ETFs (Exchange Traded Funds). Simply put, gold ETFs are like the cool cousins of your traditional gold investments. Instead of stashing gold bars under your mattress like those maniac millionaires we see in Bollywood films, you can now invest and trade in gold through the stock market. It's basically buying units of an <keyword id="19930506" type="General" weightage="20" keywordseo="etf" source="keywords">ETF</keyword> on the stock exchange that directly mirror the ongoing domestic prices of gold. Generally, gold ETFs are equivalent to 99.5% pure physical gold bars, and each ETF unit denotes actual, one gram of gold. And let's face it, who would not want that golden glow in their lives? Gold ETFs have witnessed an over seven-fold surge in their AUM (assets under management) in just the last five years. From Rs 5,613.22 crore in September 2019 to Rs 39,823.50 crore in September 2024, gold ETFs seem to be in-thing. Inflows in gold ETFs have shot up by a whopping 2,695% over the last 5 years. In September 2019, gold ETFs had garnered a mere Rs 44.11 crore. Compare that to the inflows worth Rs 1,232.99 crore gold ETFs received last month. Talk about growing, or glowing popularity! In fact, in just 2024, inflows in gold ETFs have surged by nearly 88% since the beginning of this calendar year. From Rs 657.46 crore in January 2024 to Rs 1,232.99 crore in September 2024, good old gold is never out of season. <h2>So, how do these ETFs work? Should I invest in them now?</h2>All you need is a Demat account. Log into your account, choose the gold ETF scheme you want to invest in, and voila! You’re now a bullion-aire! All your gold ETF units will be stored in this account. Then, you can buy and sell gold ETFs just like you buy shares—in real-time. So, if gold prices inch upwards, which is where gold is currently going, the value of your ETF units will also rise in lockstep. Ashwini Kumar, Senior Vice President and Head of Market Data at ICRA Analytics, says that of late, gold ETFs have been increasingly gaining popularity among investors due to the liquidity, safety and transparency they offer. "With the escalating global geopolitical tensions boosting the ‘safe-haven’ appeal of the bullion, investors are preferring to park their funds in gold ETFs as compared to investing in physical gold, as there is no hassle of storing it. The heightened activity in gold ETFs is also driven by the prospects of an imminent further interest rate cut by the <keyword id="20078761" type="General" weightage="20" keywordseo="u-s-federal-reserve" source="keywords">U.S. Federal Reserve</keyword> in the coming months,” he added. “Investors with a short- to medium-term investment horizon may consider investment through gold ETFs. A buy-on-dips strategy here may help investors capitalise on a temporary correction in prices. Also, given the current market dynamics where equities are showing mixed trends, a modest, 5-10% allocation to gold may serve as a hedge against inflation and market volatility, which may help you balance risks in an optimum manner,” Kumar noted. <h2>Wait, there is no dearth of options</h2>But if ETFs make you go WTF, there’s always digital gold. You can invest in the yellow metal without actually physically holding it for as low as Rs 1. The best part? You can buy or sell this gold 24 X7 seamlessly via multiple apps without having to pay storage costs. On your behalf, your gold is stored in insured vaults by the seller. But remember, digital gold continues to remain unregulated territory in the country, where you venture at your own risk. In 2021, market watchdog SEBI had even asked its members to desist from selling digital gold. Then there are gold mutual funds and the Sarkari SGBs, or sovereign gold bonds. While gold mutual funds invest primarily in gold ETFs, SGBs are issued by the RBI and are also a reliable substitute for holding physical gold. However, with the RBI currently putting brakes on issuing SGBs, investing in them is out of the question. Plus, you should only get your hands on SGBs if you're in for the long haul. Apart from a 2.5% p.a. interest, you don't have any yearly earnings from them. Moreover, no premature redemption is allowed before 5 years, and you'll have to wait a good 8 years to maximise your returns. <h2>Okay, tell me about returns</h2>In contrast, the seventeen gold ETF schemes currently present in the market offer an average one-year return of 29.12%. Stay with it a little longer, and you can end up with returns worth 16.93% and 13.59% over a 3- and 5-year period, respectively. If you look at it, these returns are comparable with the returns delivered by actual, physical gold. Data from Value Research indicates that gold, as a commodity, has delivered returns worth 27.24%, 16.53%, and 14.18% over a 1, 3, and 5-year period, respectively. So, worth investing, right? <h2>What are the risks?</h2>See, markets are as unpredictable as monsoons in Mumbai. One significant market correction can wash away your returns, and one sunny day or an upswing can leave you wallowing in wealth. Since your gold investments are directly linked to these markets, you should steel yourself up for some volatility. Plus, international gold prices are in dollars. So, if our rupee decides to take a nosedive, your returns might look a bit tarnished. Also, know that your ETF might not always perfectly mirror gold prices, which is also known as a tracking error. It's like expecting your Zomato-ordered food to look exactly like the picture on the menu—it's close, but not quite. Then there’s the taxation bit. The budget this year brought down the LTCG (long-term capital gains tax) on gold ETFs from the previous 20% to 12.5% (sans indexation). LTCG is what you pay if you sell your ETF units after 12 months. If you sell your gold ETF units within a year and make handsome returns, the tax you’ll have to pay will be equivalent to your income tax slab rate. <h2>Is gold just for old?</h2>A survey by fintech firm Moneyview thinks otherwise. Per their findings, over 85% of the 3,000 respondents it talked to considered gold to be a valuable asset for wealth preservation, with its intrinsic value and historical performance continuing to drive consumer confidence. Particularly, young investors in the age group of 25–40 years are also investing in gold via both physical and digital ways to build wealth for retirement and other long-term goals. So, young or old, everyone’s going for gold. So, this festive season, with gold prices going north, investing in gold can add that much-needed glitz to your financial attire. But remember, don't go overboard since gold isn't exactly a high-return-yielding asset. But whether you're a seasoned investor looking to diversify or a newbie trying to make their way in the markets, investing in gold offers you a glittering safety cushion. Just remember, while gold can make your portfolio shine, it's your smart investment decisions that truly make you golden. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified, and registered advisors for professional and personalised financial advice.

Simply put: Can investing in gold this festive season add the much-touted Midas touch to your investments?

<ul class="summary-list"><li>Shopify's stock popped 25% on Tuesday after reporting strong revenue and a promising holiday outlook.</li><li>The gains added fuel to Canada's stock rally, helping the market touch record highs. </li></ul>Shopify shares soared Tuesday, lifting Canda's benchmark stock index. Shares of the e-commerce firm popped as much as 25% after reporting revenue that beat estimates and giving strong guidance for the holiday season.With the heaviest weighting on Canada's benchmark index, Shopify's gains pushed the S&amp;P/TSX Composite Index up as much as 1% on Tuesday to touch nearly 25,025, marking the first time the index has crossed the 25,000 threshold.The company, which builds software to power online storefronts, reported earnings per share of $0.35, beating forecasts of $0.26 according to LSEG estimates. Revenue, meanwhile, came in at $2.16 billion versus estimates of $2.12 billion.Going forward, the company says it expects revenue growth in the mid- to high-twenties percentage for the present quarter, above forecasts of around 23% according to FactSet. The strong outlook shows optimism around spending in the upcoming holiday season.Shopify president Harley Finkelstein said the company's strong beat shows it's gaining market share among e-commerce companies. He said the company has attracted an increasing number of key retailers like Reebok, Hanes, and Vera Bradley."Shopify is increasingly the go-to platform of choice, not just for entrepreneurship, but for all of commerce. We are well positioned for extensive growth across different merchant segments, size, geographies, channels and products," Finkelstein said on a call with investors.The company is also making headway in <a target="_blank" class="" href="https://www.businessinsider.com/shopify-ai-use-boosts-efficiency-shakes-up-staff-structure-2024-5">incorporating new technology</a>, launching an AI assistant and AI-powered tools for merchants.Analysts from Citi said they have a bullish outlook for the stock, citing a large addressable market, secular tailwinds, and large-scale growth.The latest earnings add fuel to what has already been a hot streak for Shopify stock, which is up over 43% this year. Canada's benchmark index has soared over 19% in 2024.

Shopify's 25% gain sends Canada's benchmark stock index to all-time highs

<ul class="summary-list"><li>The International Longshoreman's Association will strike on October 1 if its wage demands aren't met.</li><li>The strike would impact the import and export of goods across most industries, from retail to cars.</li></ul>A major <a target="_blank" class="" href="https://www.businessinsider.com/us-economy-congress-government-shutdown-ports-shipping-strike-september-30-2024-9">maritime workers strike</a> is looming, and it could mean a shutdown of key goods — from <a target="_blank" class="" href="https://www.businessinsider.com/plug-in-hybrid-prices-soaring-demand-electric-cars-2024-9">cars</a> to <a target="_blank" class="" href="https://www.businessinsider.com/walmart-vs-target-grocery-shopping-which-is-better-review-2024-9">food</a> — across the East and Gulf Coasts.The International Longshoreman's Association, the largest union of maritime workers in the US, announced last week that it was prepared to strike on October 1 if demands in their union contract, primarily <a target="_blank" class="" href="https://www.businessinsider.com/best-us-states-high-wages-salaries-worker-rights-california-2024-8">higher wages</a>, are not met."A sleeping giant is ready to roar on Tuesday, October 1, 2024, if a new Master Contract Agreement is not in place," ILA President Harold Daggett said in a statement.According to an ILA press release, the union wrote in a letter to its membership that its workers, who primarily work on shipping docks to load, unload, and inspect cargo and operate heavy machinery, are "struggling to pay their mortgages and rent, car payments, groceries, utility bills, taxes, and in some cases, their children's education," emphasizing the need for boosted pay in its upcoming contract.A strike would have <a target="_blank" class="" href="https://www.businessinsider.com/baltimore-bridge-collapse-impact-imports-exports-cars-coal-farm-equipment-2024-3">widespread implications</a> across the US, with significant shipment delays that could set off a chain reaction of disruptions."A prolonged strike could lead to weeks, or possibly months, of shipping delays and backlogs, worsened by limited rerouting options, high costs and time constraints," Abe Eshkenazi, CEO of the Association for Supply Chain Management, told BI. "The supply chain is inextricably linked, and as we enter the busiest shopping season of the year, businesses, retailers, and consumers alike will feel the impact of a stoppage."According to the National Association of Manufacturers, <a target="_blank" class="" href="https://nam.org/mapping-the-impact-of-a-port-strike-32072/?stream=issue-transportation-infrastructure">over half</a> of imports and exports come through the East and Gulf Coast ports, handling pharmaceuticals, vehicles, and retail, among other things, and generating an average of over $2.1 billion each day. Depending on the length of the strike, supply-chain disruptions could also lead to price hikes for consumers.The United States Maritime Alliance, which represents the companies that employ longshoremen, <a target="_blank" href="https://www.usmx.com/assets/content/public-resources/9-23-24_USMX_STATEMENT_Update_on_Status_of_USMX-ILA_Negotiations.pdf">said</a> on September 23 that despite attempts to resume bargaining with the ILA they "have been unable to schedule a meeting to continue negotiations.""Our goal remains the same — we want to bargain and avoid a strike, but time is running out if the ILA is unwilling to return to the table," USMX added. In a Monday statement, ILA said that the sides had communicated multiple times in the past weeks but that a stalemate remains in place over wage offers.<h2 id="384d3982-57cd-4459-bfb2-aa16e8cd673d">A strike could delay shipments and trigger price hikes</h2>If the union strikes, all industries will be impacted — but time-sensitive industries, like cars or pharmaceuticals, would face severe disruptions right off the bat, Mia Ginter, director of ocean export products and transportation company CH Robinson, wrote in an August <a target="_blank" href="https://www.chrobinson.com/en-us/resources/blog/prepare-for-a-potential-east-and-gulf-coast-port-strike/">blog post</a>."Many auto parts and components are imported through the East Coast, so the risk of production delays would be high," Ginter said.At the Port Authority of New York and New Jersey, operators are trying to bring in "as many ships as possible" ahead of a potential strike, director Bethann Rooney said in a <a target="_blank" href="https://www.youtube.com/live/M--o1uIqezs?t=6360s">press conference</a>. That includes encouraging the shippers to get as much cargo out as "humanly possible" and as quickly as possible.The retail industry could also face disruptions from the strike."Many retailers have already taken steps to mitigate the potential impact of a strike by bringing in products earlier or shifting products to the West Coast," Jonathan Gold, the National Retail Federation's vice president of supply chain and customs policy, told BI. "The global supply chain is a complex system and even a minor disruption would have a negative impact and cause delays at a critical time for both retailers and consumers."Gold <a target="_blank" href="https://nrf.com/blog/port-labor-strike-gets-closer-reality">wrote</a> in early September that holiday shipments would likely not arrive on time: "Manufacturers might not receive parts, materials and supplies needed for production, which will lead to assembly lines shutting down. And farmers won't be able to get their products to overseas markets, which could lead to lost sales."The port of New York and New Jersey ranks fourth among the country's top 25 ports for total tonnage, according to <a target="_blank" href="https://www.bts.gov/sites/bts.dot.gov/files/2024-01/2024_Port_Performance_Report_0.pdf">data from the Bureau of Transportation Statistics</a>. An <a target="_blank" href="https://www.mitre.org/news-insights/impact-story/capability-support-transportation-system-efficiency-resilience">analysis</a> by the nonprofit research group Mitre found that the strike would have a significant economic impact on ports in New York and New Jersey, with a daily loss of around $640 million."We are coordinating with partners across the supply chain to prepare for any potential impacts," Steve Burns, a PANYNJ spokesperson, told BI. "For the over 600,000 regional jobs our port supports and the $240 billion in goods moved through here each year, we urge both sides to find common ground and keep the cargo flowing for the good of the national economy."Grace Zwemmer, associate US economist with Oxford Economics, wrote in an early September note that it would likely take four to seven days to clear up the backlog from each day the strike continues, "meaning even a two-week strike could disrupt supply chains until 2025." She referred to estimates from Sea-Intelligence, which predicted that a strike would prevent 74,000 shipping containers from being unloaded each day. Additionally, she wrote that the strike would mean it would take longer for manufacturers to receive goods, which would, in turn, jack up prices for consumers.Meanwhile, trade groups <a target="_blank" href="https://documents.nam.org/COMM/Joint%20Association%20Coalition%20Letter%20to%20President%20Biden%20-%20East%20Coast%20Gulf%20Coast%20Port%20Labor%20Negotiations%20-%20Final%20091724.pdf">have called</a> on the Biden administration to step in and help negotiate a deal — or at least ensure negotiations continue instead of a strike. They warned that a labor stoppage could harm both the economy and consumers."A strike at this point in time would have a devastating impact on the economy, especially as inflation is on the downward trend," the trade organizations wrote.Some ports have already begun prepping guidance for customers should the union go on strike — the Port of Houston wrote in a memo that it would be extending its gate hours leading up to the strike to allow more time for the transport of goods, with other ports also scrambling to unload shipments in anticipation of the strike."Throughout the pandemic, Longshore workers never took a day off," ILA Executive Vice President Dennis Daggett <a target="_blank" href="https://ilaunion.org/union-will-be-on-right-side-of-history-if-it-must-strike-october-1-corporate-greed-must-end-ila-executive-vice-president-dennis-a-daggett/">said</a> on September 20. "We ensured the shelves were stocked and the supply chains stayed strong, even as we lost far too many of our own. Now, we need the public's support. The very corporations that profited off our hard work refuse to share those profits with the workers who make them possible."

Get ready for a dockworker strike that could disrupt everything from medicine to holiday gifts

<ul class="summary-list"><li>US stocks ticked higher as traders looked to kick off the second half of the year,</li><li>The market is adding to a strong performance in the first half, with the S&amp;P 500 up 14% year-to-date. </li></ul>US stocks surged on Monday as traders looked ahead to fresh jobs data at the end of the holiday-shortened week. Major indexes rose to add to gains from the already strong first half of 2024, while bond yields also ticked higher.Stocks finished off the first half of the year up big, with the S&amp;P 500 up 14% and the tech-heavy Nasdaq Composite up 18%. That's due to bullish expectations for rate cuts in 2024, as well as resilience in the tech sector, with stocks like <a target="_blank" href="https://markets.businessinsider.com/stocks/nvda-stock">Nvidia</a> still dominating the market amid continued hype for AI.The 10-year Treasury yield jumped nine basis points to 4.441%. Traders are eyeing the June jobs report to roll out on Friday, which should give some insight into the strength of the economy and the outlook for Fed rate cuts this year. Economists expect the economy to have added 190,000 jobs in the last month, down from 272,000 jobs added in May."According to the CME FedWatch Tool, there is a 64.3% chance that the Fed will cut rates for the first time in over a year at the September 18 meeting," Art Hogan, the chief market strategist at B. Riley Wealth said in a note on Monday. "We agree with that assumption, as we think the disinflationary trend has accelerated in the second quarter enough to give the Fed the green light."Chewy stock jumped as retail trader icon Keith Gill disclosed a $245 million stake in the pet care company, founded by the CEO of Gill's other well-known portfolio position, GameStop. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,476.43, up 0.28%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 39,366.12, up 0.63% (+243.37 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,760.18, up 0.16%Here's what else is going on today:</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/ai-stocks-to-invest-artificial-intelligence-data-center-energy-companies-2024-6">The big winners of the AI race</a> are the most boring companies out there. </li><li><a target="_blank" href="https://www.businessinsider.com/russia-war-economy-divorce-fees-population-ukraine-costs-funding-putin-2024-7">Russia has made getting a divorce way more expensive</a> to fund its war efforts.</li><li><a target="_blank" href="https://www.businessinsider.com/apple-iphone-china-shipments-tech-stocks-smartphone-market-ai-shopping-2024-7">Apple finally got some good news</a> in China as iPhone shipments surge.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil ticked higher 0.80% to $82.19 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, rose 0.86% to $85.72 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> inched higher 0.10% to $2,328 per ounce.</li><li>The 10-year Treasury yield spiked nine basis points to 4.441%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> rose 2.24% to $62,770.</li></ul>

Stock market today: Indexes rise to kick off the 2nd half as traders look ahead to fresh jobs data 

<ul class="summary-list"><li>China's stock markets surged post-National Day break, driven by pent-up investor demand.</li><li>Beijing's aggressive stimulus measures have bolstered market sentiment, despite economic challenges.</li></ul>China's stock markets surged on Tuesday on pent-up demand from a weeklong trading break.The mainland's benchmark <a target="_blank" class="" href="https://markets.businessinsider.com/index/csi-300">CSI 300 index</a> opened nearly 11% higher, but pared gains to trade about 7% higher an hour after the opening bell.Benchmark indices on the Shanghai and Shenzhen markets were also sharply higher.Sentiment in China's stock markets — which entered 2024 in <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/china-stock-market-meltdown-brutal-year-explainer-whats-happening-2024-1">meltdown mode</a> — has been massively bolstered by Beijing's September 24 announcement of <a target="_blank" class="" href="https://www.businessinsider.com/china-economy-aggressive-monetary-stimulus-interest-rate-rrr-2024-9">aggressive stimulus</a> to support its flagging economy. The CSI 300 is about 25% year-to-date.China, the world's second-largest economy, is dealing with multiple challenges, including a property crisis, deflation, and high youth unemployment.Even before Tuesday's opening, China's <a target="_blank" class="" href="https://www.businessinsider.com/china-stock-market-golden-week-holiday-return-rally-bazooka-stimulus-2024-10">social media</a> was abuzz with what the stock markets may hold following the weeklong public holiday break.On Tuesday, hashtags about mainland China's stock market rushed to the top of Weibo's trending list.Investors are now focused on announcements out of an ongoing press briefing by China's top economic planner, the National Development and Reform Commission, for further cues."Another 'bazooka-like' series of measures to potentially support consumption or investment could further amplify optimism that the worst could be over for the Chinese economy, and that authorities are adamant on hitting their 5% growth target for the year," wrote Yeap Jun Rong, a market strategist at trading platform IG, in a Tuesday note."Of course, with hopes now high for authorities to deliver, the risks of disappointment are high as well, and any unwinding of gains could quickly escalate," Yeap wrote.This is a developing story. Please check back for updates.

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