A Government Shutdown Could Be Months Away—Here's How It Would Further Roil Markets After Fitch Downgrade
A government shutdown in October would come at a particularly “inopportune moment” for markets, one economist says.
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A government shutdown in October would come at a particularly “inopportune moment” for markets, one economist says.
Stocks made modest moves Monday as investors looked ahead to this week's potentially market-moving events. Stocks failed to make any major moves Monday as investors looked ahead to this week's inflation data and the start of second-quarter earnings season. Technology and communication services stocks lagged, hurt by weakness in several mega-cap names like Apple (AAPL, -1.1%), Microsoft (MSFT, -1.6%) and Alphabet (GOOGL, -2.5%), while industrial stocks outperformed. At the close, the blue chip Do
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Stocks made modest moves Monday as investors looked ahead to this week's potentially market-moving events.
U.S Treasury yields fell on Friday as investors were calmed by data revealing the country's labour market growth, thereby alleviating concerns that the Federal Reserve would aggressively increase interest rates. Although nonfarm payrolls increase in June fell shy of economists' expectations, having increased by 209,000 jobs against the predicted 225,000, the unemployment rate still dropped in June to 3.6% from May's 3.7%.