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  • Dow on Track to Wrap Up Worst Month Since March

    U.S. stocks fell Friday, with the Dow Jones Industrial Average on track to close out its worst week and month since March in the final lap of the presidential race. Volatility has dominated markets in the week before the Nov. 3 U.S. elections. Investors have been spooked by a record high in coronavirus infections in the U.S., fresh lockdowns in Europe that threaten economic growth, and a mixed bag of earnings from big tech.

  • Unemployment Expected to Tick Down -- Data Week Ahead

    The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. The FOMC announcement is scheduled for Thursday at 2:00 p.m. ET, followed by a press conference with Fed Chairman Jerome Powell at 2:30 p.m. ET. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Monday 0945 Markit Mfg PMI Oct N/A 53.3* 1000 ISM Mfg PMI Oct 56.0 55.4 1000 Construction Spending Sep +1.0% +1.4% Tuesday 1000 Factory Orders Sep +1.0% +0.7% Wednesday 0815 ADP Jobs Oct +650...

  • U.S. Personal Income +0.9% in Sept; Consensus +0.5% -- 3rd Update

    U.S. households boosted spending for a fifth straight month, helping the economy dig further out from the deep hole created by the pandemic. The Commerce Department said personal-consumption expenditures-- a measure of household spending on goods and services-- rose 1.4% last month. Consumers have increased spending since the summer, although the pace of gains slowed into early fall.

  • Dow on Track to Wrap Up Worst Month Since March

    U.S. stocks fell Friday, with the Dow Jones Industrial Average on track to close out its worst week and month since March. It has already shed more than 7% this week, putting it on track for its worst weekly performance since the height of the pandemic-induced market tumult. The S&P 500 fell 1.9%, pulled down by declines in all 11 sectors.

  • U.S. Personal Income +0.9% in Sept; Consensus +0.5% -- 2nd Update

    U.S. households boosted spending for a fifth straight month, helping the economy dig further out from the deep hole created by the pandemic. The Commerce Department said personal-consumption expenditures-- a measure of household spending on goods and services-- rose 1.4% last month. Consumers have increased spending since the summer, although the pace of gains slowed into early fall.

  • Fed Again Eases Terms for Main Street Lending Program

    The Federal Reserve announced Friday its latest round of changes to boost participation in its $600 billion lending effort targeting small and midsize businesses amid difficulty by Congress and the White House in reaching agreement on a new round of relief measures. The Main Street Lending Program, which is jointly run with the Treasury Department, has seen muted demand from borrowers and banks and is designed to encourage more lending to businesses that were in a solid...

  • Dow on Track to Wrap Up Worst Month Since March

    U.S. stocks fell Friday, with the Dow Jones Industrial Average on track to close out its worst week and month since March, following a sharp selloff in big technology stocks. It has already shed more than 7% this week, putting it on track for its worst weekly performance since the height of the market tumult. The S&P 500 fell 1.5% and tech-heavy Nasdaq Composite was down 2.3%.

  • U.S. Consumer Confidence Ticks Up in October But Stalls at Month-End

    Consumer confidence in the U.S. increased slightly in October compared with September, but data collected during the second half of the month showed sentiment is stalling, according to a University of Michigan survey released Friday. The final reading of the index of consumer sentiment was 81.8 in October, marginally higher than the flash estimate of 81.2 two weeks ago and slightly up from September's 80.4 level. Economists surveyed by The Wall Street Journal had expected the...

  • Credit Karma in Talks to Sell Tax-Preparation Business to Square

    Credit Karma Inc. is in talks to sell its tax-preparation business to Square Inc. (SQ), according to people familiar with the matter, a move meant to head off potential antitrust objections to the personal-finance portal's pending $7.1 billion sale to TurboTax maker Intuit Inc. (INTU). Terms of the potential deal couldn't be learned. A sale of the unit would require approval from the Justice Department, which is concerned that bringing together Credit Karma's small but growing...

  • Dow on Track to Wrap Up Worst Month Since March

    U.S. stocks fell Friday, with the Dow Jones Industrial Average on track to close out its worst week and month since March, following a sharp selloff in big technology stocks. It has already shed more than 6% this week, putting it on track for its worst weekly performance since the height of the market tumult. The S&P 500 fell 0.9% and tech-heavy Nasdaq Composite was down 1.6%.

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