What an index, a sector or an asset class did, and why. The default for session coverage.
The bank's revised call marks a reversal from expectations of continued cuts, sending the dollar lower against sterling.
UBS now forecasts two US Federal Reserve rate hikes in 2026, a call issued after a stronger-than-expected jobs report, even as the dollar traded softer against the pound.
Brent crude hit $97 with an RSI of 74, a classic overbought signal, as traders weighed a reported Iranian plan to restrict shipping near the Strait of Hormuz.
Brent oil traded at $97 with an RSI of 74 while WTI crude sat at a $93.64 double-top resistance level, as European shares fell on fears of a wider Gulf conflict and an expected ECB rate increase.
Crude gained and bitcoin slid below $80,000 as the U.S. Navy targeted Iranian crude carriers, with one report flagging $120 a barrel as a possible next stop.
Bitcoin dropped below $80,000 in the session as U.S. strikes on Iranian crude carriers pushed oil higher and stoked expectations the Federal Reserve could still hike rates.
Gains in chipmakers pushed Asian indices higher even as oil prices and shifting Federal Reserve rate-cut expectations kept traders cautious.
Asian stocks rallied on strength in chipmaker shares, even as oil moves and Fed rate-cut bets kept some risk in view.
Crude extended a third straight weekly gain and gold held near $4,400 even as the dollar barely moved despite firmer Fed rate-hike bets.
Oil extended its sharp weekly gain after U.S. and Iran forces struck tankers near the Strait of Hormuz, while gold held near $4,400 on the same tensions plus a strong payrolls report.
Strategists point to a historical seasonal pattern as the stock market enters what has been its statistically worst month.
Analysts are pointing to September's historical status as the market's weakest month, drawing comparisons to a pattern first seen in 2000, even as commentary cautions against trying to time around it.
Analyst Rinny Singh reiterated a bullish price target on the small-modular-reactor developer, betting on continued momentum in nuclear power demand tied to data centers.
Bank of America analyst Rinny Singh set a price target implying a 23.7% gain for NuScale Power over the next 11 months.
Two separate analyses this week point to the same date and the same pattern: rate hikes have preceded near-term stock market weakness in 36 years of data.
Investors are bracing for a possible Fed rate hike on September 16, a move that historical data suggests has often been followed by an initial stock market decline.
Sources say the producer group will leave production policy unchanged at Sunday's meeting even as Gulf shipping risk rises.
OPEC+, the group of oil-producing nations including Russia, is expected to keep its output policy unchanged on Sunday despite escalating tanker attacks near the Strait of Hormuz.
Chip and infrastructure stocks outperformed even as software names tied to AI monetization slid, a divide investors are still arguing over.
AI hardware stocks rallied over the past week while Adobe and Palantir declined, exposing a split in how investors are pricing AI winners.
The chipmaker beat estimates in its fiscal third quarter, but investors sold the stock anyway, focusing on near-term caution rather than a projected 400% jump in AI revenue over two years.
Broadcom's stock dipped despite strong fiscal Q3 results, a disconnect analysts attribute to short-term profit-taking rather than any change in the company's AI growth trajectory.
Strong AI-driven sales were not enough to fully impress investors as the broader earnings season winds down.
Broadcom reported strong AI revenue growth, but according to Yahoo Finance, Wall Street wanted an even bigger number.
The riskiest US corporate borrowers are paying the steepest premium over safe debt since last year's tariff-driven market meltdown.
Spreads on the lowest-rated US junk debt have climbed to their highest level since the sell-off that followed last year's tariff announcement, according to the Financial Times.
Seeking Alpha commentary diverges sharply on the same report, with some seeing higher-for-longer rates and others seeing weaker underlying hiring.
Three separate reads of the August jobs report reached opposite conclusions, with headline job growth read as either confirming sticky inflation risk or masking softer underlying hiring.
August payrolls data missed expectations at the same time a strong US jobs report pushed the dollar higher, widening the gap between the two currencies.
Canada's August jobs report showed a sharp slowdown that pushed bond yields lower on rate-cut bets while the Canadian dollar fell against a dollar strengthened by a robust US payrolls print.
A hotter-than-expected payrolls print pressured bitcoin-linked stocks and gold miners, with a September 15 catalyst now in focus.
Gold miners and bitcoin-related stocks fell after a strong August jobs report reduced expectations for near-term Fed easing.
Stifel cited revenue outlook worries and Bernstein pointed to product challenges as both trimmed their targets on the same day.
Stifel and Bernstein both cut their price targets on Lululemon, with Stifel citing revenue outlook concerns and Bernstein flagging product challenges.
Traders point to cooling expectations of further rate hikes and rising hopes for friendlier crypto regulation as the drivers behind the move.
Bitcoin rose above $81,000 as investors grew less worried about additional rate hikes and more optimistic about regulatory treatment of crypto.
One bitcoin now buys roughly 18 ounces of gold even as the two hard assets climb together on debt-debasement fears.
Bitcoin traded back above $81,000 and pulled further ahead of gold in relative terms, with the bitcoin-to-gold ratio at its highest since January.
Fed governor Christopher Waller's comments calmed bond markets even as long-term Treasury yields have been climbing for other reasons.
Asian equities gained as reduced bets on a Federal Reserve rate hike lifted technology shares, with investors now waiting on the US jobs report.