US Dollar Firms as PCE Relief Fades; Dow Hits June Low
Softer PCE inflation failed to keep yields down; the dollar strengthened and the Dow fell to its lowest since June, while tech stocks supported Nasdaq gains.
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Softer PCE inflation failed to keep yields down; the dollar strengthened and the Dow fell to its lowest since June, while tech stocks supported Nasdaq gains.
China's markets are closed from October 1β7 for Golden Week, leaving offshore yuan and Hong Kong equities to drive price discovery until October 8.
An error at Gate charged a stock dividend to the wrong contract, wiping out shorts and leaving one account $1.5M in the red. Gate says it will cover losses.
U.S. stocks closed mixed on the last trading day of September; the Dow fell to its lowest level since June while the Nasdaq gained.
Micron beat Q4 expectations on revenue, earnings and margin, and guided Q1 revenue well above consensus.
Trump calls for Powell's resignation over Fed HQ cost overruns, asks AG to examine report.
Hyperliquid Labs is unstaking 3.75 million HYPE tokens worth $329M for an OTC sale to an institutional buyer.
The Fed's inspector general found no evidence of crime or misconduct by Jerome Powell in the headquarters renovation, ending Trump's investigation.
The USDCHF pair has posted six consecutive daily gains. It sits near the 0.83485 resistance level, which buyers have twice failed to hold above.
Goldman Sachs moved its forecast for the next Fed rate hike from October to December, citing dovish signals and rising bond yields.