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US Market Breadth Shows Historically Narrow Reading

A rally in oil prices spurred renewed bond volatility and drove stocks lower, with the market extending losses after data showed factories are contending with inflationary pressures. Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, talks about her market outlook and staying invested amid 2H volatility.

Read more: US Market Breadth Shows Historically Narrow Reading
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Financial

McCormick Climbs on Sales; Constellation Energy Gains on Amazon Deal | Stock Movers

On this episode of Stock Movers: - McCormick (MKC) shares rose after the company posted its strongest sales since 2021, with third-quarter net sales increasing 17% to $2.02 billion. - Accenture (ACN) shares are moving higher after the IT services company reported fourth-quarter results that beat expectations on key metrics, including revenue and bookings. - Constellation Energy (CEG) is gaining after the operator of gas power plants said it signed a 20-year power purchase agreement with Amazon, which covers 690 megawatts of nuclear capacity at Maryland's Calvert Cliffs Clean Energy Center, including a 190-megawatt uprate.

Read more: McCormick Climbs on Sales; Constellation Energy Gains on Amazon Deal | Stock Movers
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Financial

ISM Report Presents Problems for Markets, Suzuki Says

Dan Suzuki, global investment strategist at iCapital, warns that the latest ISM manufacturing report is not good news for markets. He also talks about oil prices and says higher interest rates are starting to bite lower-quality segments of credit markets and equities. He speaks on "Bloomberg Open Interest."

Read more: ISM Report Presents Problems for Markets, Suzuki Says
Bloomberg
Financial

US Manufacturing Expansion Continues as Prices Jump

US manufacturing activity expanded at a slightly slower pace in September as the Institute for Supply Management's manufacturing gauge fell 0.1 point to 54.5, according to data released Thursday. Factory activity has been in expansionary territory for nine consecutive months, the longest stretch since 2022. Michael McKee has the details on Bloomberg Television.

Read more: US Manufacturing Expansion Continues as Prices Jump
Bloomberg
Financial

Odd Lots: Is the AI Trade Fed Rate Proof?

Is it safe to say that AI companies are less sensitive to Fed rate changes, making them a good investment during these times of market volatility? Luke Kawa, head of markets at Sherwood News, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss all the big market themes and how the AI trade is affecting the sheer speed of market moves.

Read more: Odd Lots: Is the AI Trade Fed Rate Proof?