Regional growth in the Asia-Pacific region is estimated to come in higher than average growth projected for all other emerging market and developing economies. To be sure, the recent numbers are lower than were previously projected. Dominion Energy traded at lows not seen since January 2011, with shares last down 6%.

• BlackRock, Fidelity, and Invesco all applied earlier this year to launch their own bitcoin spot ETFs.
• However, it’s clear that the last two sessions have been particularly brutal for investors.
• The Nasdaq 100 features only the 100 largest nonfinancial companies trading on that exchange.

Accordingly, when Dow Jones stocks drop a cumulative 2.3% in a given day, investors take notice. “There’ll be a lot of unwinding of government shutdown selling from last week, which will be good,” he said. September was the worst month of the year for the S&P 500 and Nasdaq Composite. And for all three major indexes, the quarterly slides marked a pullback after a strong first half of the year. Despite the recent retreats, the three indexes are still up on the year due to the strength of the early 2023 rally.

Mutual and exchange-traded funds

Futures tied to the Dow rose about 155 points, or 0.5%, shortly after 6 p.m. The Bank of Japan’s policymakers evaluated a number of conditions that must be met before ending the central bank’s ultra-loose policy during its September meeting. On Friday, the Invesco DB Agriculture ETF hit the lowest level since Aug. 24. This marked its lowest level since Jun. 29, when soybeans traded as low as 1,260 cents. The manufacturing sector in September broke a nine-month streak of contracting, albeit barely.

The yield curve has been gradually flattening since July when the 2-year yielded one percentage point more than the 10-year, a level of inversion not seen since the early 1980s. The yield on 10-year Treasury notes rose above 4.7%, its highest since October 2007, on Monday as markets continued to recalibrate in light of the Fed’s how to buy hedera insistence rates will stay higher for longer. 3M (MMM) shares fell nearly 3.7% to lead the index lower as investors continued to weigh concerns over the company’s liabilities over its production of per- and polyfluoroalkyl substances, commonly known as “forever chemicals,” following its idling of a Belgian plant last week.

Plug-in electric vehicles accounted for almost 40% of Chinese auto sales last month, while fully electric ones accounted for just over a quarter. In a sign of the market’s continued strength, China accounted for a stunning 60% of global plug-in EV registrations last month. Goldman Sachs (GS) shares lost 1.6% and JPMorgan Chase (JPM) moved down 0.9% as the financial sector slid 0.8% in the session. Shares of Apple (AAPL) gained 1.5% after it said it would release a software update to address issues that are causing its iPhone 15 to overheat.

Gainers

Interactive chart illustrating the performance of the Dow Jones Industrial Average (DJIA) market index over the last ten years. Each point of the stock market graph is represented by the daily closing price for the DJIA. Historical data can be downloaded via the red button on the upper left corner of the chart. The current price of the Dow Jones Industrial Average as of October 02, 2023 is 33,433.35.

This higher level of inflation has provided rocket fuel for bond yields. Over the past two sessions, Treasury yields have risen approximately 40 basis points. That’s an extremely fast acceleration, in a very short amount of time. However, it’s clear that the last two sessions have been particularly brutal for investors. That’s because Friday marked the release of the highly-anticipated CPI print, which came in much hotter than expected. Yet another new four-decade high was made in May, with inflation climbing 8.6%.

Additionally, today, the 2-10 Treasury Yield Curve inverted for the first time since April. Typically, this yield curve inversion signals a recession on the horizon. Yet another inversion in such a short amount of time ratchets up the likelihood of said recession in the medium-term. For Dow Jones stocks, and stocks across the board for that matter, this isn’t a good thing. U.S. stocks opened down for the first trading session of the month and quarter. UBS analyst William Grippin initiated coverage of residential solar company Sunnova Energy with a buy rating and a price target that suggests shares can gain more than 50%.

Other tech stocks performed well, with Cisco Systems (CSCO) moving up 1.2%, Salesforce (CRM) gaining 0.5%, and IBM (IBM) rising 0.4%. The yield on 10-year Treasurys topped 4.7% for the first time since October 2007. Bitcoin and Ethereum gained about 3% each as the first Ethereum futures ETFs debuted. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. The Dow Jones Industrial Average is among the most-watched indices investors pay attention to.

U.S. stocks have had a great year in 2023 — but these numbers tell a different story

Stocks bounced back to finish Monday mixed as the dollar surged to fresh highs and Treasury yields rebounded. After being on Dow Jones index since its what is the us dollar index inception, General Electric (GE) was dropped from list in 2018. The industrial giant was replaced by pharmacy powerhouse Walgreens Boots Alliance.

Bitcoin rose more than 4.5% to $28,329, for its highest level since Aug. 17, when it traded as high as 29,108.3. German shoemaker Birkenstock said Monday it is targeting a valuation of up to $9.2 billion in its much-anticipated public debut on the New York Stock Exchange. The bank added the chipmaker to its Americas conviction list for the month, saying it expects the GPU provider to “maintain its status as the accelerated computing industry standard for the foreseeable future.” Overall, the sector is the worst performer in the S&P 500 for the year, down more than 19%. Saudi Arabia could start to ease its additional voluntary supply cut of 1 million barrels per day (bpd), Reuters said Monday, citing a report from ING analysts. Marathon Oil and APA Corp. are down 4.6% and 3.9%, respectively, on Monday to lead the energy group, trailed by EQT Corp and Occidental Petroleum, which are falling more than 3%.

Dow Jones Chart

Discover was the S&P 500’s top gainer Monday, with shares up nearly 5%. Medical device manufacturer Insulet added 3.5%, while chipmaker Nvidia rose nearly 3%. The market action took place amid a backdrop of rising bond yields.

“I do think the approval and launch of these [ether futures] products is a positive sign that we’re on the path to spot crypto products in the relatively near future,” Bitwise CIO Matt Hougan said. Leading the way for the utilities are NextEra Energy, down 11.8%, AES Corp., lower by 6.3%, PG&E, losing 5.3%, NiSource, off by 5.2% and Dominion Energy, which is weaker by 5%. Every utility in the S&P 500 is lower Monday, none by less than 2.6%. “[Y]ields continue to wreak havoc with trend exhaustion indicator Utilities (XLU) having their worst day since Covid” on Monday, Jonathan Krinsky, chartered market technician at BTIG, wrote to clients. “Bankers remain pessimistic, with expectations for increasing loan nonperformance, decreasing loan demand and worsening business activity over the next six months,” the Dallas Fed stated. The closely watched view of the financial system showed that 42% of respondents reported loan volume decreasing while 49.3% saw demand down in September.

Boeing Stock Was Awful in September. The Case for Staying Invested.

Tesla, meanwhile, disappointed investors with its third-quarter production and deliveries. The company warned on its most recent earnings call that production would decline in the third quarter amid “planned downtimes for factory upgrades.” Deliveries still came in below analysts’ moderated expectations. Track the latest stock market news happening on the Dow Jones today. Plus, get timely analysis of the DJIA and 30 Dow stocks, including Apple (AAPL), Boeing (BA), Microsoft (MSFT), Walmart (WMT) and the newest addition, Walgreens Boots Alliance (WBA). McNally upgraded the stock to outperform from in line on Monday, and assigned a price target that implies shares could jump about 44.2% over the next 12 months.

Market Cap

The Senate passed a continuing resolution with just hours to spare before a midnight deadline Saturday, which was then signed by President Joe Biden into law. The bill keeps the government open through mid-November, an extended period that lawmakers can use to finalize funding legislation. Major ETF providers, initially skeptical of crypto ETFs, have piled in as of late. BlackRock, Fidelity, and Invesco all applied earlier this year to launch their own bitcoin spot ETFs. The first bitcoin futures ETF, the ProShares Bitcoin Strategy ETF (BITO), began trading nearly two years ago, and the crypto world has been pushing for a spot ETF ever since. But losses could have been worse had UnitedHealth Group (UNH), the price-weighted index’s largest component, shares not moved up 2.1%.

The Nasdaq 100 features only the 100 largest nonfinancial companies trading on that exchange. Since its founding in 1896 with 12 stocks, the Dow Jones industrial average (DJIA) has included America’s largest companies across a wide range of industries. Along with the S&P 500 and Nasdaq Composite, the Dow serves as a bellwether for the general U.S. stock market. Analyst Carlos De Alba upgraded the steelmaker to overweight from equal weight and named it a top pick on “the expected value creation from the company’s transformational investments.”  His new price target implies the stock could gain roughly 23.2% over the next 12 months.

Ford could see the same $0.2 billion hit from a two-week strike in Chicago and its Michigan Assembly plant, he added. A wave of ether futures ETFs is hitting the market on Monday, expanding the ways investors can use ETFs to bet on cryptocurrencies. The investment chief was more positive on defensive sectors such as consumer staples and utilities, as well as health care stocks — all areas that underperformed this year. Utilities is off by about 20% this year, and consumer staples is off by roughly 7%. But less than 70 or the slightly more than 500 member stocks traded positively, meaning the lion’s share of companies were down in the session.