The Nasdaq Composite rose about 0.8% and touched a record 27,450.88.
The 10-year Treasury yield climbed to 5.34%, while the 30-year rose to 5.70%.
Information technology and communication services led the rally, while semiconductor stocks lagged.
The Nasdaq Composite index climbed to another all-time high on Monday,
Restoring solvency to the Social Security trust funds could grow the economy and help fix the debt, according to recent estimates of different Social Security solvency packages from Penn Wharton Budget Model (PWBM). PWBM estimates the Social Security solvency packages they analyzed would increase 2060 Gross Domestic Product (GDP) by anywhere from 0.4% to 12.1% and reduce the debt-to-GDP ratio by 14% to 27% in that year.
» Read more about: PWBM Shows Social Security Solvency Would Improve Fiscal Outlook, Boost Growth »
It’s usually only with the benefit of hindsight and wisdom do we understand what we should have done and what we shouldn’t. Investing is a great example. Often times, we do the best we can and hope that what we’re doing will get us where we want to be down the road. Unfortunately, as the saying goes “we don’t know what we don’t know.”
Jim Cramer says Copilot will push Microsoft to a big move, but the stock already lagged every other megacap over the past year and the upcoming earnings report carries targets that management must hit to prove him right.
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» Read more about: Jim Cramer Predicts “Big Move Coming” For Microsoft Stock »
The Philadelphia semiconductor index, known as SOX, moved sideways on Monday after rising in the prior two trading sessions. AMD (AMD) stock earned two price-target hikes from Wall Street analysts. In recent trades on the stock market today, the SOX index dipped a fraction. Major decliners on the index included GlobalFoundries (GFS) and Credo Technology (CRDO),
» Read more about: Chip Stocks Pause After Two-Day Pop. AMD Stock Gets Price-Target Hikes. »
By Doina Chiacu
Sept 20 (Reuters) – Minneapolis Federal Reserve President Neel Kashkari said on Sunday that inflation is too high across all sectors of the US economy, not just in rising oil prices.
“So even if we strip out energy, which is really volatile,
By Howard Schneider
WASHINGTON, Oct 5 (Reuters) – US President Donald Trump and his Republican Party will carry a 4.2% unemployment rate into the congressional elections in early November, a low number by historical standards and in line with what most economists would regard as full employment.
In other words,
» Read more about: US goes into midterm elections with a less dynamic form of full employment »
The 1inch dApp and Wallet now list 77 tokenized stocks and ETFs on BNB Chain.
That means a DeFi aggregator best known for routing token swaps now also handles exposure to US equities. The products come from bStocks, a platform that went from a short list of assets to a fairly crowded shelf in a matter of weeks.
» Read more about: 1inch lists 77 bStocks tokenized equities and ETFs on BNB Chain »
The week’s rise in mortgage rates added $67.58 to monthly principal and interest on a hypothetical $400,000 loan over 30 years.Freddie Mac’s weekly survey average reached 7.28% for the week ending October 1, up from 7.03% a week earlier and its highest since November 2023. Holding the loan amount and term constant,
» Read more about: A week of higher mortgage rates adds to the homebuyer budget squeeze »
If you’re on Social Security, there’s a reason to mark Oct. 14 on your calendar. That’s the date the Social Security Administration is expected to announce an official cost-of-living adjustment, or COLA, for 2027.
Of course, that raise won’t actually take effect until January. But knowing what to expect in advance could make financial planning for the new year easier.