U.S. dollar holds losses as markets await Federal Reserve signals
The dollar remained under pressure as investors waited for Federal Reserve minutes and policymaker comments for clues about the next interest-rate move.
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The dollar remained under pressure as investors waited for Federal Reserve minutes and policymaker comments for clues about the next interest-rate move.
Oil prices moved higher as a developing Gulf of Mexico storm and regional security risks raised concerns about production and refining disruptions.
The S&P 500, Dow and Nasdaq ended Tuesday higher, with the S&P 500 and Nasdaq reaching record levels amid strong corporate and AI-related optimism.
Software shares climbed as investors became more confident that artificial intelligence adoption could support growth rather than simply disrupt existing businesses.
The Nasdaq reached another record as large technology stocks rose, even as Treasury yields and the dollar stayed elevated.
Large acquisition announcements and renewed enthusiasm for AI-related companies helped lift the major U.S. stock indexes.
Investors are balancing cooling employment data with still-high energy prices and bond yields while reassessing the Federal Reserve's likely rate path.
Employers added fewer jobs than economists expected in September while unemployment ticked higher, reducing expectations for an immediate Fed rate increase.
Softer employment data led traders to scale back expectations for an October rate increase, though later tightening remained a possibility.
Stocks advanced after weaker hiring data reduced expectations of a near-term Federal Reserve rate hike and pulled attention toward future monetary-policy decisions.
While payroll growth was weak, economists noted that layoffs remained limited and the labor market continued to show resilience in several sectors.
U.S. equities finished higher after the September jobs report encouraged investors to lower the probability of another immediate Fed rate increase.