Dow Jones Industrial Average (^DJI)
| Previous Close | 42,196.52 |
| Open | 42,099.50 |
| Volume |
| Day's Range | 41,847.81 - 42,125.84 |
| 52 Week Range | 32,327.20 - 42,628.32 |
| Avg. Volume | 380,642,222 |
Yahoo FinanceWhy Gen Z bets big while boomers play it safe: A generational breakdown of market returns
JPMorgan Asset Management's Jack Manley outlines the investing differences between each generation. It turns out that each cohort is uniquely shaped by its coming-of-age market experience.
- Yahoo Finance Video
Econ data points to 'cracks' in US economy: Economist
New initial jobless claims and ISM Services PMI data released Thursday morning offer investors fresh insights into the economy. With a week full of economic indicators leading up to Friday's jobs report, what are these figures signaling about Federal Reserve monetary policy? PGIM Fixed Income Chief U.S. economist Tom Porcelli joins Catalysts to share his analysis. Porcelli describes the recent weeks of economic data as "interesting," suggesting they likely made the Fed "comfortable" with their decision to initiate the rate cut cycle with a 50 basis point reduction. He observes emerging "cracks" in the labor market, noting that JOLTS data revealed a declining quit rate and a recovering hiring rate, among other indicators that "support that idea." Porcelli believes these labor market dynamics reinforce the Fed's inclination to remain "aggressive" in their monetary policy approach. Regarding the market outlook, Porcelli predicts, "I would expect that the market remains very choppy." He elaborates, "And that is consistent with the idea that the economy is in the midst of slowing down," though he doesn't anticipate an imminent recession. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Yahoo Finance Video
Dow drops at the open as Wall Street eyes jobs data
All three of the major indexes (^DJI,^GSPC, ^IXIC) opened lower on Thursday. Investors are awaiting the September jobs report, which will be released on Friday morning. It will give Wall Street fresh insight into the state of the economy and provide clues as to the Federal Reserve's path for interest rates. One piece of data the market is processing is initial claims for the week ending September 28, which rose to 225,000. Oil prices (CL=F, BZ=F) are also weighing on the markets as Middle East tensions continue to drive prices higher. Morning Brief Anchor Brad Smith and Yahoo Finance Markets and Data Editor Jared Blikre recap the action at the open. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
