The S&P 500 ($ Spy) (SPY) has decreased by -0.08 %, as the Dow Jones Industries ($ DOI) (DIA) +06 % increased, and the NASDAQ 100 ($ IUXX) (QQQ) -02 % decreased. Futures decreased in December -MINI S & P (ESZ25) by -0.05 %, and futures declines decreased in December (NQZ25) by -0.03 %.
The stock indicators are mixed today, as the broader market is under pressure due to the closure of the US government after the legislators failed to issue a continuous decision to finance the government. The dollar index decreased to its lowest level in one week today, and gold prices rose to a high level, as the government closed a feeling of risks in the asset markets. The closure also means delay in government reports, including the report of the unemployed requests for the weekly on Thursday and the monthly salary report on Friday. The prolonged closure may also delay the government inflation data, scheduled for October 15.
The stock indicators were also weight through signs that the American labor market loses momentum, following the unexpected loss of jobs in changing the ADP employment in September for the second month in a row. The T-Note, which lasted 10-year-4, decreased to the lowest level per week 1.5 weeks on the news, and the Makazat market in a 100 % chance.
However, the stock indicators that were recovered increased from their worst levels after the rise of the Sep ISM manufacturing index more than expected to a height of 7 months. Also, a gathering in the pharmaceutical stocks for the second day gave a batch to the broader market and raised the Dow Jones Industries to positive lands, as in the hope that the Pfizer deal with the United States government, which gives it a three -year postponement process of pharmaceutical definitions, would take a path for other drug makers.
Mortgage requests in the United States decreased by 12.7 % in the week ending September 26, with a mortgage index decreased by 1.0 % and saving sub -index by -20.6 %. The average mortgage has increased for 30 years +12 basis points to 6.46 % of 6.34 % in the previous week.
The ADP employment change in the United States has decreased unexpectedly to 32000, weakened by the expectations of increasing +51,000 and the largest decrease in 2.5 years. Also, Aug was reviewed to less to -3000 of +54000 previously.
The US ISM +0.4 manufacturing index has risen to 49.1, stronger than 49.0 expectations. The price of the sub -index paid from Sep ISM -1.8 decreased to its lowest level in 8 months, 61.9, that is, weaker than 62.7 expectations.
Last Wednesday, the White House warned that the government closure would lead to a widespread mandate for employees in government programs that are not in line with President Trump’s priorities. Bloomberg Economics estimate that 640,000 federal workers will be made during the closure, which will expand unemployment claims and pay the unemployment rate to 4.7 %.
High corporate profits expectations are a bullish background for shares. According to Bloomberg Intelligence, more than 22 % of companies at S&P 500 have provided guidelines for the results of the third quarter profit that is expected to overcome analysts’ expectations, the highest level per year. Also, S&P companies are expected to publish a 6.9 % profit in the third quarter, an increase of +6.7 % as of the end of May.
Market pricing with a 100 % chance to reduce -25 basis points at the next FOMC meeting on 28-29 October.
The market focus this week will be on any new trade or tariff news. On Thursday, if the United States government is reopened, the weekly unemployment claims are expected to increase by +7,000 to 225,000. Also, the AUG factory orders are expected to increase by +1.4 %/m. On Friday, the non -cultivated salary statements in SEP will increase by +51000, and the SEP unemployment rate is expected to remain unchanged at 4.3 %. Also, the average clock profits are expected to increase by +0.3 % m/m and +3.7 % on an annual basis. Finally, the SEP ISM -0.2 Service Index is expected to slide to 51.8.
Foreign stock markets today are mixed. Euro Stoxx 50 rose to a new standard and a height of +0.87 %. Shanghai did not circulate the Chinese boat and is closed for a week -long lunar vacation. Nikki share in Japan 225 to the lowest level in 2.5 weeks and closed -0.85 %.
Useful interest rates
December 10 of T-Notes (Znz5) today above +10 ticks. The T -Note returns for 10 years -4.5 basis points decreased to 4.106 %. December T-Notes rose to the highest level per week for one week, and the T-Note returns for 10 years to the lowest level in 1.5 weeks by 4.085 %. Today, T-Notes has risen on the signs of weakness in the US labor market after changing an unexpected ADP Sep employment for the second month. The closure of the United States government and the weakness of the stocks today also strengthened the safe-term demand for T-Notes. T-Notes has declined from its best levels after the Sep ISM manufacturing index rose more than expected to the highest level in 7 months.
European government bonds revenue today abandoned early progress and turned into a low weakness in T-Note revenues. The German Bund return decreased for 10 years -0.6 basis points at 2.705 %. The UK’s doctrine returned for 10 years -0.7 basis points to 4.692 %.
The PMI for the manufacture of the SEP S & P is up to 49.8 to 49.5 previously.
CPI Sep increased in the euro area +2.2 % on an annual basis of +2.0 % on an annual basis in August, directly on expectations. The Core Sep price index of Aug did not change at +2.3 % Y/Y, directly on expectations.
Makazat will return a 1 % chance to reduce the interest rate by the European Central Bank at the next policy meeting on October 30.
American engines
Weakness in medical devices makers is a negative factor for the total market. Insulet (PODD) decreased more than -6 % to lead the losers in S&P 500, and Dexcom (DXCM) decreased more than -5 % to lead the losers in NASDAQ 100. Scientific (BSX) more than -4 %. In addition, the intuitive surgery (ISRG), MedTernic PLC (MDT), Stryker (SYK), and Steris PLC (STE) have decreased more than -3 %.
CTVA decreased more than -5 % to lead the losers after they said they were planning to divide seed and pesticides into separate companies.
Doximity (Docs) decreased more than -3 % after Goldman Sachs reduced the shares to sell them from a neutral with a $ 64 price.
Viasat Inc (VSAT) decreased more than -2 % after Barclays reducing the shares reduction to weight loss of equal weight with a $ 23 price goal.
GE Vernova (GEV) decreased by more than -2 % after RBC Capital Markets reduced stocks to the sector from superior performance.
Marvel Technology (MRVL) decreased by more than -1 % to lead the losers in NASDAQ 100 after the TD Cowen cut shares to keep them from purchase.
AES Corp (AES) increased more than +16 % to lead the winners in the S&P 500 index on the news that the LP Global Partners in Blackrock in advanced conversations to obtain the company.
Lithium American (LAC) increased more than +16 % after Energy Minister Wright Bloomberg told a TV that the United States government agreed to obtain a stake in the company.
Pharmaceutical stocks gathered for the second day in the hope that it will deal with Pfizer with the United States government, giving it a three -year postponement process of pharmaceutical tariffs, which will determine a way for other pharmacists to follow up. As a result, Moderna (MRNA) increased more than +8 % and Astrazneca PLC (azn) increased more than +7 % to lead the winners on the NASDAC 100. Also, the pharmaceutical registrar (RGN) increased more than +7 %, Lilly (LLY) and BIOGEN (BIIB) more than +5 %. In addition, AMGEN (AMGN), Bristol-Myers Squibb (BMY), Pfizer (PFE) and Merck & Co. (MRK) more than 4 %.
Chips makers and sub -structures move from artificial intelligence to the top of the day, which is a factor supporting the broader market. Micron (MU) technology increases more than +5 % and ARM Holdings PLC (ARM) higher than +4 %. Also, the applied materials (AMAT) increased more than +3 % and Intel (INTC) increasing more than +2 %. In addition, KLA Corp (KLAC) and ASML Holding NV (ASML) increased more than +1 %.
The arrows exposed to the encrypted currency climb today, as the price of bitcoin rises by more than +2 % at a rise of 1.5 weeks. As a result, Coinbase Global (Coin), Galaxy Digital (GLXY), Mara Holdings (MARA), and strategy (MSTR) (MSTR) more than +3 %.
Nike (Nike) increased more than +5 % to lead the winners in Dow Jones Industries after reporting the revenues of the first quarter of $ 11.72 billion, stronger than $ 11.02 billion.
Carvana (CVNA) increased more than +1 % after upgrading JeffRies shares to buy from Hold with the price of $ 475.
Samsara Inc (IOT) has increased more than +1 % after upgrading Evercore ISI the stock to outperform the performance in line with the price of the price of $ 50.
Profit reports (1/10/2025)
ACUITY Inc (AYI), Cal-Maine Foods Inc (Calm), Conagra Brands Inc (CAG), Novagold Resources Inc (NG), Rezolve AI PLC (RZLV), RPM International Inc (RPM).
On the date of publication, Rich Asplund did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com
