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<ul class="summary-list"><li>Indexes edged up on Tuesday as markets eyed incoming inflation data this week. </li><li>The rally slowed, but stocks added to records notched in Monday's session. </li></ul>US stocks added to records on Tuesday, with the blistering rally since last week slowing slightly as traders prepared to take in new inflation data this week. A five-day rally helped the Dow Jones Industrial Average and S&amp;P 500 notch <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-11-11/stock-market-today-dow-s-p-live-updates?srnd=phx-markets">fresh closing highs on Monday</a>, with many assets lumped into the Trump trade seeing a continued boost from the President-Elect's victory. Among them, <a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">bitcoin</a> came close to hitting the $90,000 mark for the first time in early trading on Tuesday. The crypto industry <a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/bitcoin-price-crypto-industry-donald-trump-election-reserve-regulation-sec-2024-11">expects to benefit</a> from Trump's friendly stance toward digital assets, with markets hoping for less regulation of the space. The rally slowed as markets approached the October consumer inflation report. The consumer price index will be published on Wednesday, and Wall Street will be monitoring for any material shifts in inflation.Economists expect a 2.5% year-over-year jump in CPI, compared to a rise of 2.4% in the prior month. Any meaningful surprise could upend expectations over the Federal Reserve interest rate cuts next months.Here's where US indexes stood at the 9:30 a.m. opening bell on Tuesday:<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&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 6,008.06, up 0.11%</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&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 44,341.72, up 0.11% (+48.59 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&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 19,328.04, up 0.16% </li></ul>Here's what else happened today:<ul><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/treasury-bond-yields-selloff-risk-trump-trade-tariff-immigration-tax-2024-11?_gl=1*m3ciw*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMTQxNDkxMy44MjAuMS4xNzMxNDE5NjMzLjYwLjAuMA..">The stock market's Trump bump could end once Treasury yields reach 5%</a>, JPMorgan says.</li><li><a target="_blank" href="https://www.businessinsider.com/stock-market-outlook-recession-fears-jump-trump-trade-war-tariffs-2024-11">Trump's proposed trade war boosts chances of a US recession to 75%</a>, according to BCA Research.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/trump-tax-cuts-tariffs-stock-market-sp500-inflation-china-trade-war-2024-11?_gl=1*1ipv5dl*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMTQxNDkxMy44MjAuMS4xNzMxNDE5ODg5LjU2LjAuMA..">Trump's tax cuts could boost S&amp;P 500 earnings by 20% over the next 2 years</a>, Goldman Sachs says.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/commodities/russia-oil-merger-crude-producer-rosneft-gazprom-lukoil-wsj-2024-11?_gl=1*qhoxcu*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTczMTQxNDkxMy44MjAuMS4xNzMxNDIwMjgxLjU3LjAuMA..">A report says Russia is considering merging three oil firms into the world's second-largest producer</a>.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil rose 1.3% to $68.92 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, rose by 1% to $72.62 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> was about flat at $2,618 an ounce.</li><li>The 10-year Treasury yield climbed five basis points to 4.367%</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> rose 4% to $86,262. </li></ul>

Stock market today: Trump rally slows with stocks at record highs ahead of new economic data

<ul class="summary-list"><li>The fourth quarter started with losses in the stock market.</li><li>Investors are in wait-and-see mode back ahead of new job-opening and manufacturing data on Tuesday.</li></ul>Major stock indexes slid on Tuesday to kick off the fourth quarter.All eyes are on economic data this week that could sway market confidence. Labor prints are particularly important, as job-market strength will <a target="_blank" href="https://markets.businessinsider.com/news/stocks/best-case-scenario-for-stock-market-outlook-fourth-quarter-ms-2024-9?_gl=1*925l0f*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcyNzc4NjA5Mi42NzMuMS4xNzI3Nzg4ODk2LjYwLjAuMA..">determine</a> Federal Reserve policy in its November meeting.Job openings data is scheduled for Tuesday morning, followed by the ADP employment report and initial jobless claims on Wednesday and Thursday.The September jobs report will arrive on Friday, with economists forecasting 150,000 jobs added for the month. Unemployment is projected to stay flat at 4.2%.A strike affecting US ports on both the East and West Coasts is also drawing trader attention this week, as analysts start to caution about macroeconomic impacts.Here's where US indexes stood at the 9:30 a.m. opening bell on Tuesday:<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&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,715.25, down 0.8%</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&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,055.24, down 0.7% (275 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&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,978.76, down 1.2%</li></ul>Here's what else happened today:<ul><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-correction-job-market-inflation-interest-rates-2024-9?_gl=1*1shyatr*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcyNzc4NjA5Mi42NzMuMS4xNzI3Nzg2NzM2LjYwLjAuMA..">The equity market faces a 10% correction</a> as the labor market stalls, Stifel stock chief says.</li><li>3 cheap stock market sectors to snap up as the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-fed-rate-cuts-value-cyclicals-corporate-profits-2024-9?_gl=1*yxm7cx*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcyNzc4NjA5Mi42NzMuMS4xNzI3Nzg2Njc1LjYwLjAuMA..">Fed delivers a stimulus 'double whammy,'</a> according to BofA.</li><li>Top Wall Street strategists await a strong <a target="_blank" href="https://markets.businessinsider.com/news/stocks/jobs-report-lower-profit-quality-stocks-unemployment-labor-market-2024-9?_gl=1*wvd1l6*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcyNzc4NjA5Mi42NzMuMS4xNzI3Nzg2ODI3LjYwLjAuMA..">jobs report to boost low-quality stocks</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/tesla-q3-deliveries-preview-wall-street-expects-beat-mojo-returns-2024-9">Here's a preview of what Wall Street expects</a> from Tesla's upcoming third-quarter results.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil slid 1.2% to $67.38 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, fell 1% to $70.98 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> increased 0.62% to $2,675.8 an ounce.</li><li>The 10-year Treasury yield dropped 5 basis points to 3.743%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> inched 0.3% higher to $63,638.</li></ul>

Stock market today: Indexes slide as investors await crucial economic data

<ul class="summary-list"><li>US stocks edged higher on Monday, with the S&amp;P 500 and Dow Jones testing record highs.</li><li>Investors await key economic data this week, including consumer confidence, revised GDP growth, and the PCE Index.</li></ul>US stocks rose on Monday, with the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> and <a target="_blank" class="" href="https://markets.businessinsider.com/index/dow_jones">Dow Jones Industrial Average</a> testing record highs as investors prepare for fresh economic data this week.Investors will get consumer confidence data on Tuesday, another revision to second-quarter GDP growth on Thursday, and fresh inflation data on Friday with the release of the personal consumption expenditures index. The Federal Reserve's preferred inflation gauge is expected to show prices increased 2.2% last month, edging closer to the central bank's 2% target. Investors will also be digesting a lot of Fed speak during the week, with 13 speeches planned from various Fed Presidents and Governors. The chatter comes just a few days after the Fed cut interest rates by 50 basis points at the end of its policy meeting last Wednesday. In a note and an interview with CNBC on Monday, Minneapolis Fed President Neel Kashkari defended the 50 basis point rate cut, which is notable given that Kashkari was talking about the potential for further rate hikes just a few months ago.Kashkari has long been viewed as a "hawk" over the past two years as the Fed embarked on an aggressive rate hike cycle to tame inflation.But he now has shifted his view to more dovish, arguing that the Fed should cut interest rates by another 50 basis points before the end of the year."The balance of risks has shifted away from higher inflation and toward the risk of a further weakening of the labor market, warranting a lower federal funds rate," Kashkari wrote.Kashkari's dot-plot projections show the long-run fed funds rate at around 2.9%, which is higher than the 2.5% he forecasted in March.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>: 5,711.94, up 0.16% </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>: 42,090.55, up 0.06% (+27.19 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>: 17,976.22, up 0.16% </li></ul>Here's what else is going on:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/bonds/jd-vance-bond-market-death-spiral-interest-rates-us-debt-2024-9">JD Vance is worried about a potential 'death spiral' in the bond market, according to a recent interview.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/baby-boomers-recession-us-economy-housing-market-stocks-selloff-spending-2024-9">Baby boomer's massive wealth in the stock and housing markets presents a risk to the economy.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/rent-housing-affordability-swing-state-voters-apartments-presidential-race-redfin-2024-9">Housing affordability could be a key issue for swing state voters in November, according to Redfin.</a></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 increased 0.13% to $71.09 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, was up 0.01% to $74.50 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was up 0.30% to $2,654.10 an ounce.</li><li>The 10-year Treasury yield was higher by 2 basis points at 3.767%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was down 0.47% to $63,288.</li></ul>

Stock market today: Indexes extend gains as investors gear up for fresh economic data

<ul class="summary-list"><li>Investors should favor stocks over bonds as the economy supports risk-on sentiment, Goldman analysts say.</li><li>The US economy is in a pro-risk, late-cycle environment due to Fed easing and a strong economy.</li></ul>Risk-on sentiment is back after a brief flight to safety over the summer, and that should support stocks over bonds in the coming months, Goldman Sachs analysts said in a note Tuesday. They write that the US stock market is set to deliver more attractive returns than bonds as the economy supports higher risk in a late-cycle environment.A late-cycle backdrop—in which the economy nears its peak and policy eases to prepare for potential slowing ahead—is typically pro-risk, unless growth momentum slows or inflation accelerates to spark policy tightening.The analysts say the reverse has been true in recent months amid accelerating growth and <a target="_blank" href="https://www.businessinsider.com/inflation-september-cpi-consumer-price-index-federal-reserve-interest-rates-2024-10">easing inflation</a> in the US, with strong economic data and policy easing fueling a more risk-supportive environment.In July, the analysts shifted their rating to neutral on stocks and raised their rating to neutral on bonds after bullish sentiment and slowing growth momentum sparked concerns of a correction, but stocks bounced back quickly, they noted."After the summer 'risk off', risky assets quickly recovered due to a dovish Fed pivot, China stimulus, and better-than-expected US data," the analysts said.The analysts have now returned equities to overweight and credit to underweight, explaining global equities now face lower risks."Global equities had a roundtrip and are roughly flat since. Better US data and supportive policy have helped lower downside risks near-term," they said.Fed cutting cycles in general tend to support risky assets as long as the economy avoids a recession, the analysts say. Recession risk appears low amid <a target="_blank" href="https://www.businessinsider.com/september-jobs-report-unemployment-rate-nonfarm-payroll-growth-federal-reserve-2024-10">strong labor market data</a> and the Fed's <a target="_blank" href="https://www.businessinsider.com/fed-cuts-interest-rates-how-much-september-fomc-powell-inflation-2024-9?utm_medium=ingest&amp;utm_source=markets&amp;_gl=1*1b7jz2v*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTcyOTAwMjgzNi4yNjkuMS4xNzI5MDAyOTM1LjM3LjAuMA..">jumbo 50 basis point rate cut</a> last month, with the odds of a recession in the next year down to just 15%, they forecast.This risk-on, late-cycle backdrop means stocks will benefit from higher earnings growth and valuations as bonds face downside risks, the analysts say."During late-cycle backdrops, equities can deliver attractive returns driven by earnings growth and valuation expansion, while credit total returns are usually constrained by tight credit spreads and rising yields," the analysts said.The analysts add that while the current environment supports more risky investments, there remains potential for volatility due to geopolitical conflicts, the US election season and unfavorable moves in growth and inflation.But even this uncertainty could boost risky assets, they say."We think that uncertainty relief could also support risky assets into year-end – this is why we prefer to be long with selective hedges rather than staying neutral equities," they said.

Stocks beat bonds as risk-on returns amid Fed easing and strong economic data, Goldman Sachs says

<ul class="summary-list"><li>US stocks fell Monday as bond yields and oil prices moved higher.</li><li>The rise in oil prices and solid September jobs report has revived inflation concerns.</li></ul>US stocks retreated from near-record highs on Monday, with all three major moving averages declining by about 1%.A number of risk factors pushed stocks lower on Monday, including a jump in interest rates and oil prices, the <a target="_blank" class="" href="https://www.businessinsider.com/hurricane-milton-category-five-threatens-florida-fema-funding-2024-10">growing intensity of Hurricane Milton</a>, and negative news flow for a couple of mega-cap technology stocks.The 10-year US Treasury yield jumped back above 4% on Monday, representing its highest level in about two months. Friday's release of the September jobs report sparked the move higher in yields.The stronger-than-expected nonfarm payroll report showed <a target="_blank" class="" href="https://www.businessinsider.com/september-jobs-report-unemployment-rate-nonfarm-payroll-growth-federal-reserve-2024-10">employers added 254,000 jobs</a> last month, crushing estimates of about 150,000. The unemployment rate also declined slightly to 4.1%.Meanwhile, oil prices continued to surge on Monday, rising by about 4% as tensions in the Middle East continued to simmer on the first anniversary of the Hamas-led attack against Israel.The rise in oil prices and the stronger jobs report are fanning fears of a potential rebound in inflation, which would mean fewer rate cuts from the Federal Reserve."After Friday's strong employment report, the consensus might pivot to 'no rush to ease further' during the fall. We can't rule out 'higher for longer' making a comeback this winter. We are in the none-and-done camp for the rest of this year," Yardeni Research said in a note on Monday.Finally, a Wells Fargo analyst downgrade of Amazon sent that stock lower by about 3%, while Alphabet shares dropped 2% after a judge ordered <a target="_blank" class="" href="https://www.reuters.com/legal/us-judge-orders-google-open-up-app-store-competition-2024-10-07/">the company to open its app store to more competition,</a> handing a victory to Epic Games.Investors will <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-q3-earnings-preview-investors-themes-ai-interest-rates-2024-10">turn their attention to earnings season, which kicks off this week</a> with results from PepsiCo on Tuesday, followed by the first of the major banks on Friday.Finally, the September CPI report is also due out this Thursday. Economists expect the CPI index to rise 2.3% year-over-year in September, down from 2.5% in August. Bank of America analysts note that an upside surprise in last month's inflation reading has the potential <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-volatility-cpi-inflation-september-jobs-report-bofa-2024-10">to send stocks on a roller coaster this week</a>. Here's where US indexes stood shortly at the 4:00 p.m. closing 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>: 5,695.94, down 0.96% </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>: 41,954.24, down 0.94% (-398.51 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>: 17,923.90, down 1.18% </li></ul>Here's what else is going on:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-nvda-smci-super-micro-100000-gpu-chips-2024-10">Nvidia stock jumped 4% on Monday after Super Micro Computer said it was shipping more than 100,000 GPUs per quarter.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-september-jobs-report-growth-value-david-kelly-2024-10">JPMorgan's chief strategist told Business Insider why he is feeling "increasingly queasy" about the market.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/tesla-stock-trader-lost-306-million-according-to-lawsuit-rbc-2024-10">A Tesla trader turned $65,000 into $306 million before losing it all, according to a lawsuit.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/texas-housing-market-home-prices-falling-austin-dallas-moving-trends-2024-10">Falling home prices and fed-up residents show the Texas housing boom is slowing down.</a></li><li><a target="_blank" class="" href="https://www.businessinsider.com/inflation-outlook-fed-interest-rate-cuts-jobs-report-us-economy-2024-10">Consumer prices are still in focus for investors despite the Fed's recent pivot to the labor market.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-goldman-sachs-boosts-sp500-price-target-again-2024-10">Goldman Sachs increased its year-end S&amp;P 500 price target for the third time this year to 6,000.</a></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 jumped 3.93% to $77.30 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, was higher by 3.89% to $81.09 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was down 0.18% to $2,663.00 an ounce.</li><li>The 10-year Treasury yield was higher by 7 basis points at 4.032%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> was higher by 0.82% to $63,335.</li></ul>

Stock market today: Indexes drop and yields, oil prices spike ahead of earnings and fresh economic data

<ul class="summary-list"><li>Stock indexes continued to rise after Monday's record close.</li><li>Investors are parsing through data and Fed commentary to determine future rate cuts.</li></ul>Stocks on Tuesday extended a winning streak that has pushed the <a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a> and the <a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a> to fresh records.Both indexes closed at all-time highs on Monday amid rising outlooks that the Federal Reserve will deliver another half-point interest rate cut in November. The odds of another jumbo cut rose as high as 53%, according to the <a target="_blank" href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html">CME's FedWatch Tool</a>.To better understand where monetary policy may be headed after the Fed's first rate cut in four years, investors are tuning into Fed commentary and parsing through incoming data.While dovish remarks from two Fed presidents helped drive fresh upside for stocks to start the week, Fed Governor Michelle Bowman's commentary on Tuesday gave investors a different perspective.Bowman — the only Fed official to dissent against September's 50 basis point cut — explained that inflation remained too elevated for her comfort."I continue to see greater risks to price stability, especially while the labor market continues to be near estimates of full employment," she said at an <a target="_blank" href="https://www.cnbc.com/2024/09/24/fed-governor-bowman-explains-dissent-on-rate-vote-says-shes-worried-about-inflation.html">event in Kentucky</a>.Eight other speaking engagements are scheduled for Fed officials this week.Investors will also consider incoming consumer confidence data and the Richmond Fed's manufacturing index, both of which will be published later on Tuesday.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Tuesday:<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&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,720.96, up 0.05% </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&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,147.18, up 0.05% (+22.53 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&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 18,007.95, up 0.19% </li></ul>Here's what else is going on:<ul><li>As firms call for workers to return to office, this <a target="_blank" href="https://www.businessinsider.com/work-from-home-wall-street-return-to-office-lazard-ceo-2024-9">Wall Street CEO is still defending work-from-home.</a></li><li>Value-investing legend Bill Nygren is<a target="_blank" href="https://markets.businessinsider.com/news/stocks/bill-nygren-corebridge-financial-buyback-passive-investing-sp500-tech-concentration-2024-9?_gl=1*rv0d81*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcyNzE3OTAwMi42NDQuMS4xNzI3MTgyNzM1LjYwLjAuMA.."> targeting this stock</a> as he warns that the S&amp;P 500 is losing diversity.</li><li><a target="_blank" href="https://www.businessinsider.com/hiring-job-market-2024-unemployment-economy-outlook-spending-2024-9">Widespread spending is about to boost the jobs market</a>, Apollo's chief economist says.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-most-important-daysstock-market-between-now-and-election-2024-9?_gl=1*17dz4cd*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcyNzE3OTAwMi42NDQuMS4xNzI3MTgzMDkxLjEuMC4w">These are the most important days for the stock market ahead of the election</a>, according to Bank of America.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures were up.<a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets"> West Texas Intermediate</a> crude oil jumped 2.22% to $71.94 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, increased 2.04% to $75.41 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> was about flat at $2,651.6 an ounce.</li><li>The 10-year Treasury yield rose five basis points at 3.796%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> inched up 0.14% to $63,455.</li></ul>

Stock market today: Indexes add to records as traders parse more economic data and Fed comments

<ul class="summary-list"><li>The stock market faces pullback of up to 10%, Verdence's CIO told Yahoo Finance.</li><li>Key data prints are hovering in recession territory, Megan Horneman said.</li></ul>Investors are too quick to embrace soft-landing projections and are ignoring economic points of distress, Verdence's Megan Horneman said.This over-enthusiasm could cost the market heavily, pushing stocks toward a 7% to 10% drop, the chief investment officer said."I think investors got a little ahead of themselves as far as the what strength there is in the economy," she told <a target="_blank" href="https://www.youtube.com/watch?v=MX0i_FfJ0zs">Yahoo Finance</a>. "If you look at every other economic indicator, aside from the actual GDP number, all of these things are looking like they're in a recession territory."Horneman's cited examples included the Leading Economic Indicators index and manufacturing. This week's service index is also worth monitoring, she said.To her point, the LEI gauge has persistently signaled headwinds ahead. Between February and August, it dropped 2.3%. According to the <a target="_blank" href="https://www.conference-board.org/topics/us-leading-indicators/press/us-lei-sept-2024#:~:text=August's%20decline%20in%20the%20US,is%20likely%20imminent%20or%20underway.">Conference Board</a>, the decline in the six-month growth rate was enough to trigger a recession in August.Meanwhile, manufacturing can't seem to break out of its downturn. This week, September's Manufacturing PMI print remained stuck at 47.2 — any reading below 50 signals a contraction. This has been the case for six consecutive months and for <a target="_blank" href="https://www.prnewswire.com/news-releases/manufacturing-pmi-at-47-2-september-2024-manufacturing-ism-report-on-business-302263093.html">22 out of the past 23 months</a>."Demand remains subdued, as companies showed an unwillingness to invest in capital and inventory due to federal monetary policy — which the US Federal Reserve addressed by the time of this report — and election uncertainty," Tim Fiore, chair of the ISM manufacturing business survey committee, said in a <a target="_blank" href="https://www.prnewswire.com/news-releases/manufacturing-pmi-at-47-2-september-2024-manufacturing-ism-report-on-business-302263093.html">report</a>.Still, these data prints have taken a backseat to labor data, which holds the spotlight on Wall Street. Since rising job market deterioration played a key role in the Federal Reserve's decision to cut interest rates, investors are on the watch for any further weakness.The market is keen to see strength in September's jobs report, scheduled for release on Friday.Investors should prepare for a sell-off if unemployment jumps above 4.3% and non-farm payrolls slip under 100,000, according to <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/best-case-scenario-for-stock-market-outlook-fourth-quarter-ms-2024-9?_gl=1*jge94d*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcyNzg5MjE0OC42ODAuMC4xNzI3ODkyMTUzLjU1LjAuMA..">Morgan Stanley</a>.Horneman also noted waning consumer sentiment to drive home her point. With credit card debt on the rise, she questioned how spending is supposed to keep up."If you look at some surveys, most Americans actually think are already in a recession. That's how poorly they feel," she said. "So I just don't see the strength in the consumer that's going to be able to last much longer."According to a survey from July, <a target="_blank" class="" href="https://www.businessinsider.com/us-recession-outlook-inflation-costs-consumer-spending-affirm-soft-landing-2024-7">three in five Americans</a> believe the US is in a recession. Top reasons included inflation and rising costs of living.

Stocks face a 10% drop with key economic data mired in recession territory, investment chief says

<ul class="summary-list"><li>US stocks slumped from record highs as traders awaited fresh economic data.</li><li>Markets are bracing for the latest GDP revision, jobless claims, and PCE inflation data in the coming days.</li></ul>US stocks were mostly lower on Wednesday, ending a record-setting streak of gains as traders looked ahead to coming economic data. The Dow Jones Industrial Average fell nearly 300 points and the S&amp;P 500 slipped from record highs, ending the day about 0.2% lower. The Nasdaq Composite eked out a small gain. Bond yields rose, with the 10-year Treasury yield up five basis points to 3.789%. Traders are looking ahead to a slew of economic releases in the latter part of the week, with the second-quarter's latest GDP revision and weekly jobless claims scheduled for Thursday morning. Personal Consumption Expenditures inflation, the Fed's preferred inflation measure, will be released on Friday.The data points should give markets more insight into the underlying strength of the US economy, which could impact the path of rate cuts into year-end and in 2025. "While we are looking for the economy to slow to a more moderate pace into year-end, our base case does not include a recession," Scott Wren, the senior global strategist at Wells Fargo said in a note on Wednesday. "Even with that view, we are aware of potential risks in coming months as the economy continues to slow (interest rate cuts won't immediately reverse the slowdown), the US elects a new president, and tensions in the Middle East and Ukraine appear to be increasing."Traders are still expecting steep rate cuts over the course of the next year. Markets have priced in a 59% chance the Fed will issue another jumbo 50 basis point cut in November, according to the CME FedWatch tool, implying a rapid pace of policy easing.On the earnings front, investors will get an update on the strength of US chipmakers when Micron Technologies reports earnings after the closing bell. The event will be an important bellwether for the AI trade as investors worry about things like return on massive spending and continued demand for AI tools. Micron, which has consistently beaten earnings and revenue expectations over the past year, rose more than 1% on Wednesday ahead of its results.Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday:<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>: 5,722.25, down 0.19% </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>: 41,914.75, down 0.70% (-293.47 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>: 18,082.21, up 0.04% </li></ul>Here's what else is going on today:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/china-economy-stimulus-bernard-arnault-6-billion-richer-lvmh-stock-2024-9">Benard Arnault added $6 billion to his net worth</a> in a day this week after China's stimulus sparked a rally in luxury stocks.</li><li>Stocks are mirroring the <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-everything-rally-returnsbull-surge-heats-up-nasdaq-gains-2024-9">early days of one of history's biggest bull markets</a>, according to one hedge fund manager.</li><li>There are <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-strong-rally-through-december-despite-election-risk-2024-9">3 things that point to a strong stock rally through December</a>, Fundstrat says.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures dropped.<a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price"> West Texas Intermediate</a> crude oil dropped 2.57% to $69.72 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, fell 2.25% to $73.48. </li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> edged 0.3% higher to $2,684 per ounce.</li><li>The 10-year Treasury yield was up five basis points to 3.789%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> slumped 0.93% to $63,239.</li></ul>

Stock market today: Dow, S&P 500 drop as rally loses steam ahead of fresh economic data

<ul class="summary-list"><li>Indexes rose on Thursday as investors focused on strong economic data.</li><li>US GDP grew at a slightly stronger pace in the second quarter than originally thought.</li></ul>Indexes rose Thursday as investors focused on encouraging economic data, which outweighed a post-earnings slump in Nvidia shares.US GDP grew at a slightly stronger pace in the second quarter than originally thought, while jobless claims data was little changed from the previous week.The positive economic signs blunted the impact of an earnings report from Nvidia that beat across the board, but was still viewed as a disappointment by investors <a target="_blank" class="" href="https://www.businessinsider.com/nvidia-q2-earnings-ai-investors-expectations-2024-8">carrying lofty expectations</a>. The chipmaker turned in the narrowest earnings beat Nvidia has seen in the past six quarters, and shares fell about 2% shortly after the market open.As they've poured billions into AI, with a projected <a target="_blank" href="https://www.businessinsider.com/ai-return-investment-disappointing-goldman-sachs-report-2024-6">$1 trillion in AI investment</a> in the coming years, investors have voiced concerns over how long it will take to see returns. Nvidia's earnings showed challenges from increasingly complex products, which likely didn't add much to investor confidence.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Thursday:<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&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,608.32, up 0.3%</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&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 41,101.97, up 0.1% (11 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&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,695.35, up 0.8%</li></ul>Here's what else is going on today:<ul><li>US home prices <a target="_blank" class="" href="https://www.businessinsider.com/us-housing-market-home-prices-record-case-shiller-affordability-mortgage-2024-8?_gl=1*1pcqnzy*_ga*MTY3OTgyNjg0MS4xNzIxMDE2MDM2*_ga_E21CV80ZCZ*MTcyNDkzMjM3NC44Mi4xLjE3MjQ5Mzc4MjcuNDguMC4w">hit another record high in June</a> as the housing market faces slowing sale volumes and construction.</li><li>Trump Media's stock continues to sink as Kamala Harris reshuffles the election odds, with shares <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/trump-media-djt-stock-price-presidential-election-forecast-kamala-harris-2024-8">falling below $20 for the first time</a> since going public.</li><li>The November election is a win for the stock market <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-trump-harris-bullish-equities-deficit-dollar-strength-2024-8">no matter who comes out on top</a>, according to Ned Davis Research.</li></ul>In commodities, bonds, and crypto:<ul><li>Oil futures rose. <a target="_blank" class="" href="https://markets.businessinsider.com/commodities/oil-price?type=wti">WTI crude</a> increased 1.53% to $75.62 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, rose 1.18% to $79.58 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> was up 0.22% to $2,543 per ounce.</li><li>The 10-year Treasury yield fell two basis points to 3.863%.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> rose 2.3% to $60,374.24.</li></ul>

Stock market today: Indexes rise as economic data outweighs Nvidia's post-earnings slide

<ul class="summary-list"><li>US stocks were lower on Monday as investors looked to new economic data due out in the week.</li><li>Late last week, major indexes nearly erased all of the losses incurred in a sharp three-day sell-off.</li></ul>US stocks were lower on Monday ahead of new economic data as investors struggled to extend a rebound and completely erase all of the losses from last week's big sell-off.The stock market ended last week nearly flat after the biggest sell-off in over two years.This week, traders will be looking for signals in the latest updates on the economy. On Tuesday, data on wholesale inflation will be released, though the main event for the week will be consumer inflation data on Wednesday with the consumer price index report for July.Core CPI is expected to be 0.2%, slightly ahead of June's 0.1% reading. On an annual basis, inflation is expected to show prices rose 3% last month, in-line with June figures.A slight month-to-month increase wouldn't be enough to disrupt the outlook for rate cuts next month, market experts say, and the only debate in markets seems to be how big of a rate cut will be delivered.According to the CME FedWatch Tool, markets see almost even odds of a 25 basis point or a 50 basis point cut at next month's policy meeting.As for further swings in stocks, Bank of America says look for further moves based on the data this week, with a soft CPI reading likely to spark a relief rally. However, the risk of a "major downside event" is possible if the data is hotter than expected."A hotter print would be a bigger surprise to the market than a softer print," BofA analysts wrote. "Equities need the Fed at least until the next strong macro data (or blowout NVDA earnings). What's missing is the Fed's nod, restoring confidence that growth is ultimately going to be supported."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>: 5,332.46, down 0.3%</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>: 39,280.12, down 0.6% (221 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>: 16,729.56, down 0.1%</li></ul>Here's what else is going on today:<ul><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/ai-stocks-risk-nvidia-gpus-blackwell-tech-outlook-depreciation-accounting-2024-8">There's a hidden risk lurking for AI stocks in 2025.</a></li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-outlook-earnings-demand-blackwell-chips-tech-stocks-2024-8">Mizuho bumped Nvidia's price target</a> ahead of the chip giant's earnings.</li><li><a target="_blank" class="" href="https://www.businessinsider.com/us-job-market-recession-outlook-workers-quitting-hiring-trends-2024-8">American workers are stuck in place</a> because everyone is too afraid of a recession to quite.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Oil futures were up. West Texas Intermediate</a> crude oil rose 1.3% to $77.84 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, increased 1% to $80.49 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> was higher by 0.45% to $2,485 per ounce.</li><li>The 10-year Treasury yield was up one basis point to 3.957%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> dipped 1.3% to $59,698.</li></ul>

Stock market today: Indexes slide to start heavy week of new economic data

Issues related to data privacy and rising <keyword id="20127272" type="General" weightage="20" keywordseo="online-frauds" source="keywords">online frauds</keyword> are emerging as significant hurdles in the growth of e-commerce in India, said the <keyword id="20613906" type="General" weightage="20" keywordseo="Economic-Survey" source="keywords" meta.keywordsubtype="org" meta.entityname="Economic Survey" meta.hostid="261" meta.entityid="Economic Survey">Economic Survey</keyword> 2023-24 tabled in Parliament on Monday. Citing third-party data, the survey said that the e-commerce industry in India is expected to cross USD 350 billion by 2030 and called for the need to educate users on the safe use of e-commerce platforms. "The rise of e-commerce is constrained by inadequate skills required for online selling, such as cataloguing. <keyword id="22505774" type="General" weightage="20" keywordseo="data-privacy-issues" source="keywords">Data privacy issues</keyword> and increasing online fraud have turned out to be the most significant hurdle in the growth of e-commerce in India. It becomes imperative to educate users on the safe use of e-commerce platforms," the survey said. The survey mentioned that India's e-commerce market has gained significant momentum during the past few years, owing to technological advancements, evolving new-age business models coupled with government initiatives like the Digital India program, UPI, One District - One Product (ODOP), Open Network for Digital Commerce (ONDC), new foreign trade policy, easing of FDI limits and Consumer Protection (E-Commerce) (Amendment) Rules 2021. It has identified data privacy and <keyword id="19906883" type="General" weightage="20" keywordseo="cybersecurity" source="keywords">cybersecurity</keyword> as critical concerns in the <keyword id="22505776" type="General" weightage="20" keywordseo="digitisation-of-services" source="keywords">digitisation of services</keyword> in the country and called for adopting strong security measures, compliance with privacy regulations, and innovation, among others. "Data privacy and cybersecurity have become critical concerns with the increasing digitisation of services," according to the survey. It said that the government is spearheading data protection laws and cybersecurity policies to safeguard consumer data and strengthen cybersecurity measures in the services sector. "To further embrace technology with confidence, ensuring the adoption of strong security measures, compliance with privacy regulations, and fostering innovation in security technologies are essential," the survey noted. It said the future of e-commerce is built on the enhanced <keyword id="20290101" type="General" weightage="20" keywordseo="user-experience" source="keywords">user experience</keyword> through <keyword id="19899640" type="General" weightage="20" keywordseo="AI" source="keywords">AI</keyword>, seamless <keyword id="21332958" type="General" weightage="20" keywordseo="digital-payment-methods" source="keywords">digital payment methods</keyword>, innovations like UPI, and business engineering data analytics for business operations and enhancements. The survey mentioned that the buyer ecosystem in India is evolving at a very sharp rate, and business models will need to innovate to serve the needs of a diverse shopper base regarding service expectations, price sensitivity and language requirements. "Local language platforms are needed as the shopper base expands to tier-2 and tier-3 cities. Growing startups and innovative social media platforms provide an opportunity to test unique business models that might be targeted to specific demographic cohorts," the survey said.

Data privacy issues, online frauds emerging as e-commerce growth hurdles: Eco Survey

<ul class="summary-list"><li>Bitcoin ETFs saw net outflows for eight days through September 6, totaling $1.2 billion.</li><li>That's the longest stretch of outflows since the funds started trading in January. </li></ul>Bitcoin ETFs saw the longest stretch of outflows last week since they debuted in January, as investors digested signals that the US economy was slowing. Bitcoin ETFs saw net outflows for eight straight days through September 6, according to Bloomberg data, which amounts to $1.2 billion of flows out of bitcoin funds.<a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/bitcoin-price-today-selloff-ether-economy-recession-jobs-fed-rates-2024-8">Bitcoin was hit last week</a> along with other risk assets like stocks after investors digested the latest economic data. The world's largest cryptocurrency lost more than 7.5% last week, trading below $53,000 on Friday. The August jobs report showed the US added fewer jobs than expected, with 142,000 hires in the month compared to forecasts of 164,000.The report, however, also showed a <a target="_blank" href="https://www.businessinsider.com/unemployment-rate-job-growth-interest-rate-cuts-federal-reserve-recession-2024-9">slight decline in the unemployment rate</a> to 4.2%, down from a surprise increase to 4.3% in July that helped spark a <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/nasdaq-crash-tech-recession-global-stock-market-rout-accelerates-japan-2024-8">market rout</a> in early August.That mixed labor market data and worries over future volatility around events like <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/yen-carry-trade-stock-market-crash-jobs-report-recession-yardeni-2024-9">more unwinding of the yen carry</a> are likely pushing investors to safe havens. In a Monday note, Bank of America strategist Savita Subramanian recommended focusing on shares that can withstand higher volatility in the next few years, like utilities and real estate rather than tech stocks. Subramanian said the market will likely remain choppy for years to come.Bitcoin and the wider crypto market are prone to volatility. The cryptocurrency could see greater swings in the leadup to the presidential election, too, as Republican nominee and former president Donald Trump continues to share his plans to make the US the "<a target="_blank" class="" href="https://www.businessinsider.com/trump-bitcoin-stance-2024-7">crypto capital of the planet</a>."The steep outflows from bitcoin ETFs follow a mostly successful first year of trading for the funds, which <a target="_blank" class="" href="https://markets.businessinsider.com/news/currencies/spot-bitcoin-etf-sec-approval-us-trading-btc-price-outlook-2024-1">received regulatory approval in January</a> after years of deliberation by the US Securities and Exchange Commission.The ETFs helped fuel a Bitcoin rally, with the coin up around 28% since the start of 2024, and notching a new all-time high earlier in the year above $73,000. Bitcoin was trading at $57,065 on Monday, up by about 5%.

Bitcoin ETFs lost $1.2 billion in 8 days as markets swing amid latest economic data

<ul class="summary-list"><li>The S&amp;P 500 clinched its best week of the year as investors cheered the latest economic data.</li><li>Data on Friday showed consumer sentiment increased in August for the first time in five months.</li></ul>The S&amp;P 500 closed its best week of 2024, rising 3.9% over five days. The big sell-off earlier this month was erased by a flurry of strong data points boosting the case for a soft landing.The S&amp;P 500 and Nasdaq edged 0.2% higher on Friday, while the Dow Jones Industrial Average rose 97 points.The 10-year yield fell three basis points to 3.89%, down six for the week as investors dialed back bets for steeper rate cuts from the Federal Reserve.Kicking off the week were two fresh inflation readings showing pricing pressure is cooling in the US economy, with consumer inflation coming in below 3% for the first time in three years.That was followed by a surprise 1% jump in retail sales and the lowest jobless claims figures in five weeks. Finally, on Friday, the University of Michigan consumer sentiment survey for August showed US consumers are feeling upbeat about the economy and their finances for the first time in five months.Here's where US indexes stood at the 4 p.m. closing bell on Thursday:<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&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,554.25, up 0.2%</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&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 40,659.76, up 0.2% (97 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&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,631.72, up 0.21%</li></ul>Goldman Sachs analysts wrote in a note following the week's data updates that investors shouldn't lose faith in the face of intense volatility like the market saw this month. They say a soft landing is firmly in the cards for the US economy."From a market standpoint, we again think it makes sense to lean against extreme concerns and keep the faith in the modal view of continued expansion and decelerating inflation, rather than an imminent recession," the analysts wrote.Next week, investors will be tuning into the economic symposium at Jackson Hole, Wyoming, for clues about what the next Federal Reserve policy will bring in September. Markets are feeling certain that the central bank will deliver its first rate cut, though the odds of a jumbo 50 basis point move have markedly declined after the week's data.Here's what else is happening:<ul><li><a target="_blank" class="" href="https://www.businessinsider.com/housing-market-outlook-new-home-construction-builder-confidence-covid-low-2024-8?_gl=1*4rhx1*_ga*Mzg2NTEyNjQzLjE3MDU0OTc0MjU.*_ga_E21CV80ZCZ*MTcyMzgzNzQzNi43OTEuMS4xNzIzODM3NjM2LjYwLjAuMA..">New housing starts hit a COVID-era low</a> as high prices scare away buyers.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/russia-sanctions-oil-trade-shadow-fleet-tankers-ukraine-war-economy-2024-8">Russia has expanded its fleet of shadow tankers</a> used to evade oil sanctions, a think tank said.</li><li><a target="_blank" class="" href="https://markets.businessinsider.com/news/commodities/spot-gold-record-price-fed-interest-rate-cuts-safe-haven-2024-8">Here's why gold prices just hit a new record.</a></li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil fell 1.8% to $76.72 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, declined 1.5% to $79.78 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> traded higher at $2,463.30.</li><li>The 10-year Treasury yield dipped three basis points to 3.88%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> rose 3.75% to $59,710.</li></ul>

You Searched For "economic data" and got 13 results

Stock market today: Trump rally slows with stocks at record highs ahead of new economic data

Filip De Mott

Stock market today: Indexes slide as investors await crucial economic data

Filip De Mott

Stock market today: Indexes extend gains as investors gear up for fresh economic data

Matthew Fox

Stocks beat bonds as risk-on returns amid Fed easing and strong economic data, Goldman Sachs says

Kelly Cloonan

Stock market today: Indexes drop and yields, oil prices spike ahead of earnings and fresh economic data

Matthew Fox

Stock market today: Indexes add to records as traders parse more economic data and Fed comments

Filip De Mott

Stocks face a 10% drop with key economic data mired in recession territory, investment chief says

Filip De Mott

Stock market today: Dow, S&P 500 drop as rally loses steam ahead of fresh economic data

Jennifer Sor

Stock market today: Indexes rise as economic data outweighs Nvidia's post-earnings slide

Kelly Cloonan

Stock market today: Indexes slide to start heavy week of new economic data

Max Adams

Data privacy issues, online frauds emerging as e-commerce growth hurdles: Eco Survey

PTI

Bitcoin ETFs lost $1.2 billion in 8 days as markets swing amid latest economic data

Kelly Cloonan

S&P 500 caps off its best week of the year after strong economic data

Max Adams

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