MARKET REPORT

What an index, a sector or an asset class did, and why. The default for session coverage.

Two Howard Hughes Executives Buy Stock in Same Week

Executive chairman Marc Grandisson purchased $1.6 million in shares while chief operating officer Andrew Davis bought $64,489, regulatory filings show.

Howard Hughes Holdings' executive chairman and chief operating officer both disclosed open-market stock purchases, a cluster of insider buying that stands out against the ordinary rate of executive selling seen elsewhere in the market.

MARKET REPORTBULLISH

Carlyle, First Citizens Hit 52-Week Lows as Thermo Fisher, Agilent Hit Highs

The same session that pushed private-equity and regional-bank shares to fresh lows sent lab-equipment and manufacturing names to records, underscoring a split market.

Carlyle Group fell to a 52-week low of $39.15 and First Citizens BancShares to $19.56, while Thermo Fisher Scientific hit a 52-week high of $671.69 and Xometry an all-time high of $107.00.

MARKET REPORT

Dollar Hits Two-Month High as US Flash PMI Signals Fastest Growth in Five Years

Stronger-than-expected September activity data revived inflation and rate-hike bets, pushing the dollar to its strongest level since July and sending Japanese bond yields to a 30-year high.

The U.S. flash PMI for September pointed to the fastest growth in more than five years, reviving inflation fears and pushing the dollar to a two-month high while Japanese 10-year bond yields hit a 30-year high on bets for more Bank of Japan rate hikes.

MARKET REPORT

10-Year Treasury Yield Tops 5% as PMI Data Beats, Tech Stocks Retreat

A blowout September PMI report revived bets that the Federal Reserve has less room to cut rates, sending long-term borrowing costs to their highest level in months.

The 10-year Treasury yield spiked above 5.00% after U.S. Services PMI data surged past expectations, pressuring technology shares as investors reassessed the pace of future Fed rate cuts.

MARKET REPORT

Bitcoin Holds Above $82,000 As Coinbase Adds Fixed-Rate Borrowing Against It

A level once seen as resistance has held as support, while Coinbase now lets users borrow the USDC stablecoin against bitcoin holdings at a fixed rate.

Bitcoin has stopped retreating below $82,000, a level analysts previously flagged as resistance, while Coinbase's new fixed-rate borrowing product against bitcoin adds another way for holders to access cash without selling.

MARKET REPORTBULLISH