* Nike (NKE) slips after cutting full-year sales estimate. * Crypto firms fall as China's crackdown deepens. * Indexes down: Dow, S&P flat, Nasdaq down 0.2% By Caroline Valetkevitch. NEW YORK, Sept 24 - The Dow and S&P 500 were little changed in Friday afternoon trading following a two-day rally, with a downbeat sales forecast from Nike (NKE) offsetting gains in financial and energy shares.
- Researchers at the New York Federal Reserve Bank have developed an approach to measuring banks' exposures to climate-related risks, a possible early step toward assessing whether financial institutions have enough capital on hand to withstand them. The publication Friday of a paper describing the new methodology may mark an early step toward an eventual "climate stress test" for U.S. banks.
Researchers at the New York Federal Reserve Bank have developed an approach to measuring banks' exposures to climate-related risks, a possible early step toward assessing whether financial institutions have enough capital on hand to withstand them. The publication Friday of a paper describing the new methodology may mark an early step toward an eventual "climate stress test" for U.S. banks.
* MSCI world share index down after 3 days of gains. * U.S. Treasury yields at highest in nearly three months. * Dollar index on track for 3rd week of gains. * Oil prices rise, Brent up to near three-year high. By Lewis Krauskopf and Tommy Wilkes.
- The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track. Some officials will watch the September jobs report, due Oct. 8, for a final bit of evidence that the labor market has achieved "substantial further progress" in its recovery.
* New home sales increase 1.5% in August; July revised up. * Median sales price rises 20.1% from year ago. By Lucia Mutikani. Sales of new U.S. single-family homes increased for a second straight month in August, but demand for housing has probably peaked after a COVID-19 pandemic-fueled buying frenzy.
Worries surrounding debt-strapped property developer China Evergrande (EGRNF) have put investors on guard for evidence that the crisis may be spilling over into broader markets. Evergrande, once China's top-selling property developer, owes $305 billion, has run short of cash, and investors are worried a collapse could pose systemic risks to China's financial system and reverberate around the world.
-A pair of Federal Reserve policymakers on Friday said they felt the U.S. economy is already in good enough shape for the central bank to begin to withdraw support for the economy, setting up for the next big Fed debates: when to raise interest rates and what to do with the Fed's massive balance sheet.
A pair of Federal Reserve policymakers on Friday said they felt the U.S. economy is already in good enough shape for the central bank to begin to withdraw support for the economy, setting up for the next big Fed debates: when to raise interest rates and what to do with the Fed's massive balance sheet.
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