US stocks (^DJI, ^IXIC, ^GSPC) are roughly flat as investors adjust to last week’s rate cuts. Madison Mills and Seana Smith sit down with top Wall Street and economy experts to provide viewers an overview of the factors affecting the market.
The Yahoo Finance anchors, joined by Citi economist Veronica Clark, break down September’s PMI (Purchasing Managers’ Index) report amid macroeconomic uncertainty as the Federal Reserve considers additional rate cuts.
Chinese officials announce a press conference on Tuesday, which could provide insight into the state of China’s economy as the Biden Administration proposes a ban on Chinese and Russian car parts.
In the US, Congress reached an agreement on October 1 to avert a government shutdown. The new agreement expires on December 20th.
Microsoft (MSFT), alongside luxury brands like LVMH (MC.PA), Kering (KER.PA), and Hugo Boss (BOSS.DE), and defensive stocks, including the healthcare (XLV) and the utilities sectors (XLU), were in focus after analyst calls.
The Catalysts team also examines tech stocks, including some of the “Magnificent Seven” names, such as Tesla (TSLA) and Amazon (AMZN).
This post was written by Naomi Buchanan.