U.S. Stocks Reverse Post-Rate-Hike Losses
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What is the main topic discussed in this episode?
I'm Laura Thoreau with Baird Private Wealth Management. You've been doing all the right things: saving, investing, building toward your goals. Healthcare can be a major expense today, and an even greater one over time. Tools like long-term care insurance or a smart health savings account strategy can help protect what you've worked so hard to build. Learn more at Bairdwealth dot com slash WSJ Guidebook.
Here's your closing bell brief for Thursday, September seventeenth.
What did the opening market briefing reveal about today’s U.S. stock rebound?
I'm Danny Lewis for the Wall Street Journal. US stocks rebounded today, reversing yesterday's losses as investors looked past the Federal Reserve's rate hike. The SP five hundred gained more than one percent, the tech heavy NASDAQ composite rose one point seven percent. And the Dow Jones Industrial Average added three hundred sixteen points, or over half a percent.
Why did analysts attribute the market turnaround to a new reading of the Fed’s hawkish tone?
Some analysts chalked up the turnaround to investors fine tuning their reading of the Fed's hawkish tone. Bond yields moved lower, with the ten year treasury dropping below five percent. Falling energy prices provided additional support for the broader stock market.
How is Generac’s $2.4 billion deal with Amazon expected to impact its stock performance?
Brent crude fell two percent to trade at just over one hundred and four dollars a barrel, as concerns eased about potential export disruptions from a damaged Saudi pipeline. Among individual stocks, shares of the backup power company Generac surged more than 18% after Generac signed a two point four billion dollar deal to supply Amazon data centers. Home builder Lenar cut its full year home delivery target due to pressure from high interest rates and a worsening housing market.
What is Volvo’s strategy behind launching 13 new car models by decade’s end?
Shares fell pre market, but ultimately closed up less than two percent. And Volvo shares advanced almost one and a half percent in European trading, after the Swedish car maker announced plans to launch 13 new car models by the end of the decade. Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have more coverage of the day's news on the WSJ's What's News podcast. Listen and subscribe wherever you get your podcasts.
Corporate megastores are spending millions lobbying DC politicians on one-sided policies that send small businesses tumbling.
Why are corporate megastores lobbying for credit‑card mandates that could affect small businesses?
They want to enact harmful credit card mandates that take resources away from your local credit union and community bank. Leaving Main Street businesses with less access to credit, making it harder for your family to pay for everyday goods like gas and groceries. Tell Congress to guard your card and oppose the Durban Marshall Credit Card mandates. Paid for by the Electronic Payments Coalition.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–0:36
2
What did the opening market briefing reveal about today’s U.S. stock rebound?
0:36–0:58
3
Why did analysts attribute the market turnaround to a new reading of the Fed’s hawkish tone?
0:58–1:13
4
How is Generac’s $2.4 billion deal with Amazon expected to impact its stock performance?
1:13–1:39
5
What is Volvo’s strategy behind launching 13 new car models by decade’s end?
1:39–2:17
6
Why are corporate megastores lobbying for credit‑card mandates that could affect small businesses?
2:17–2:39