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...S&P Global Ratings has made a hefty revision to its US economic forecast, citing a bigger than expected expansion at the end of last year and a labour market that looks more solid than a month ago....
...Join the FT’s Washington reporter Steff Chávez for your essential guide to the twists and turns of the 2024 presidential election....
...And on Wall Street, the S&P 500 has hit record highs this year. So what’s going on? Shouldn’t voters love all of this?...
...Treasuries rallied and the S&P 500 fell 1.6 per cent. [MUSIC PLAYING] The European Union is locked in a battle with Hungary’s prime minister, Viktor Orbán....
...Housing: The S&P CoreLogic Case-Shiller home price index, which tracks home prices in 20 major US metropolitan areas, is projected to have increased by 0.8 per cent in September after rising 1 per cent in...
...Since mid-May, NRG’s shares have risen 47 per cent, compared with a 10 per cent loss for the S&P 500 utilities index. Shares of NRG fell 1 per cent in early trading on Monday....
...Separately, the S&P CoreLogic Case-Shiller index of home prices in 20 major metropolitan areas is anticipated to show prices increased by 0.7 per cent in July, moderating from 0.9 per cent growth in June...
...PMI: S&P Global will release its US flash purchasing managers' indices for September, which are expected to rise....
...The US aerospace and defence group, formerly known as Raytheon, said P&W will recall 600-700 engines from 2023 to 2026, leading to the grounding of an average 350 aircraft a year....
...Separately, the S&P flash manufacturing and services purchasing managers' indices are expected to show a slightly softer manufacturing slowdown in July compared with the previous month and a slight moderation...
...The S&P 500 was up 0.3 per cent....
...Cboe shares have gained 25 per cent this year, outperforming rivals and the broader market as the exchange benefited from a surge in options trading, particularly in its flagship S&P 500 products....
...Moderna shares jumped almost 9 per cent, putting it among the top performers in the S&P 500 after a Chinese biotechnology firm announced a collaboration with the US mRNA vaccine maker....
...The stock, which carries a large weighting in US stock market indices, helped push the Nasdaq Composite down 1 per cent and the S&P 500 down by 0.3 per cent. Read more on Apple here...
...P&G: Investors will be listening to packaged consumer goods manufacturer Procter & Gamble for signals on demand for its staple products....
...“We want to make sure that our products are everywhere,” said chief executive Ramon Laguarta. Others signalled they would spend more on advertising....
...Costco was among the worst performers in the S&P 500 after the retailer reported its biggest drop in monthly sales this year, stirring investor concerns about the mood of the US consumer....
...Prices in 20 major cities increased 0.9 per cent on a seasonally adjusted basis from March to April, according to the S&P Corelogic Case-Shiller index, surpassing analysts’ expectations for a 0.4 per cent...
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