S&P Composite 1500 Household Du (^SP1500-252010) Aktuelle Nachrichten und Schlagzeilen zu Aktien – Yahoo Finanzen

Labor market in focus, port strike looms: Morning Brief

On today’s episode of Morning Brief, hosts Seana Smith and Madison Mills analyze the open market and discuss some of the biggest stories of the trading day. All three major indices (^DJI,^GSPC, ^IXIC) opened slightly lower on the last trading day of the third quarter. While September is historically a weak month for stocks, markets are on track to be one of the strongest in more than a decade after recovering from the Federal Reserve’s interest rate cut. Envestnet Solutions co-CIO and group president Dana D’Auria notes that while inflation continues to cool, all eyes are now on the state of the labor market. D’Auria emphasizes the importance of the upcoming September jobs data, explaining that employment numbers will be the “biggest factor” the Fed will weigh ahead of its next interest rate decision. She said the market “has significantly and regularly exceeded the Fed’s expectations.” With some investors pricing in another 50 basis point cut in November, she is pushing back, saying, “I wouldn’t expect more than another 25-25 this year.” As markets enter the fourth quarter, growth is visibly expanding beyond the technology sector. Kevin Gordon, director and senior investment strategist at Charles Schwab, explains that there is no “definitive leadership shift” from technology to defensive sectors. Instead, he notes that utilities (XLU) and related sectors are catching up after the AI-powered technology boom. In particular, sectors such as industrials (XLI), financials (XLF) and basic materials (XLB) are performing better, as cyclical parts of the market are doing ‘relatively well’. Gordon characterizes this as a broadening of the market rather than a clear leadership change. Ports along the East Coast and Gulf Coast are bracing for a midnight strike as the International Longshoremen’s Union demands higher wages and protections from automation for its longshoremen. Margaret Kidd, a professor of supply chain and logistics technology at the University of Houston, tells Yahoo Finance that some estimates predict a port strike could cost $5 billion a day. She notes that the last port strike took place in 1977 and lasted 45 days. At the time, trade made up only 16% of the U.S. economy. Today that figure is 28%; therefore, a port strike would be a “huge blow to the economy,” Kidd explains. Meanwhile, the Boeing ( BA ) factory worker is entering its third week, with union reporting talks with the company having broken down. Wall Street analysts have lowered their targets for Boeing stock, citing the costs associated with the strike. This post was written by Melanie Riehl