Summary Of the Markets Today:

• The Dow closed up 250 points or 0.73%,
• Nasdaq closed up 0.94%,
• S&P 500 closed up 0.67%,
• Gold $1,942 down $5.20,
• WTI crude oil settled at $80 up $1.00,
• 10-year U.S. Treasury 4.239% up 0.004 points,
• USD Index $104.14 up $0.160,
• Bitcoin $25,650 down $70,
• Baker Hughes Rig Count: U.S. -10 to 632 Canada +1 to 190

*Stock data, cryptocurrency, and commodity prices at the market closing.

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Click here to read our Economic Forecast for August 2023

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Today’s Economic Releases Compiled by Steven Hansen, Publisher:

According to CoreLogic, annual single-family home rent growth eased for the 14^th consecutive month in June 2023, registering a 3.3% gain, which remains in close range of the pre-pandemic growth rate. Lower-priced rentals continue to see more demand and thus greater annual gains than their higher-priced counterparts, a trend that is partially due to declining affordability and one that has been increasingly exacerbated by inflation. Molly Boesel, principal economist for CoreLogic stated:

Annual single-family rent growth has returned to its long-term, pre-pandemic rate, but increases for attached properties were one-and-a half-times that of detached properties in June; this is historically not the case, as both housing types tend to rise at the same pace. However, while rent growth for attached properties lagged that of detached properties in 2020 and 2021, it has outpaced the latter in 2022 to 2023. Rent growth for attached homes is projected to continue to exceed that of detached properties as the market balances.

From Econoday:

Fed Chair Jerome Powell’s remarks at the Jackson Hole Symposium delivered reinforcement of past comments regarding inflation and the outlook for interest rate policy. He said, “It is the Fed’s job to bring inflation down to our 2 percent goal, and we will do so. We have tightened policy significantly over the past year. Although inflation has moved down from its peak—a welcome development—it remains too high. We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.”

After rising sharply for the past several months, the University of Michigan consumer sentiment moved sideways in August with a small decline that is not statistically different from July. Sentiment reached its second highest reading in 21 months and is now about 39% above the all-time historic low reached in June of 2022. While buying conditions for durables and expectations over living conditions both improved, the long-run economic outlook fell back about 12% this month but remains higher than just two months ago. Consumers weighed a combination of positive and negative factors in the economy, which led to differing offsetting trends across demographic groups. Consumers perceive that the rapid improvements in the economy from the past three months have moderated, particularly with inflation, and they are tentative about the outlook ahead.

 

• Permian Rig Count Drops Amid Rising U.S. Crude Production
• Walmart Drones Set To Take Flight In Dallas
• Bullish Fundamentals Limit The Downside For Oil Prices
• Canada’s Oil Production Continues To Surge
• S&P, Nasdaq close higher, snapping 3-week losing streak as Wall Street shakes off rate hike fears: Live updates
• Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’
• Stocks making the biggest moves midday: Nordstrom, Hasbro, Hawaiian Electric, Affirm and more
• Wegovy helps reduce heart failure symptoms in obese people, study says
• Tesla Investors Set For $12,000 Payout Each Over Musk’s “Funding Secured” Tweet
• US faces more interest rate rises to cool inflation
• Treasury selloff drives key 5-year yield to highest since 2008

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed down 373 points or 1.08%,
• Nasdaq closed down 1.87%,
• S&P 500 closed down 1.35%,
• Gold $1,945 down $2.70,
• WTI crude oil settled at $79 up $0.09,
• 10-year U.S. Treasury 4.235% up 0.037 points,
• USD Index $104.01 up $0.590,
• Bitcoin $26,024 down $659,

*Stock data, cryptocurrency, and commodity prices at the market closing.

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Click here to read our Economic Forecast for August 2023

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Today’s Economic Releases Compiled by Steven Hansen, Publisher:

The number of CEO changes at U.S. companies surged in July, as 197 CEOs left their posts last month. It is the highest total since record-setting May, when 224 CEOs exited the top spot, according to a report released by Challenger, Gray & Christmas, Inc. July’s total is 67% higher than the 118 CEO exits recorded in June. It is 240% higher than the 58 CEO exits recorded in the same month in 2022. So far this year, 1,104 CEOs have left their posts, up 33% from the 832 CEO changes during the same period in 2022. It is the highest total in the first seven months of the year since the firm began tracking in 2002. Andrew Challenger, workplace expert and Senior Vice President of Challenger stated:

As layoffs slow, we’re beginning to see an increased pace of changes at the top. As staffing needs and hiring normalizes, Boards are looking for leadership with staying power.

New orders for manufactured durable goods in July decreased to 3.8% increase year-over-year in July 2023 (up 2.2% year-over-year inflation adjusted). This decline was entirely due to the civilian aircraft sector. Overall, durable goods is the only sector in manufacturing that is not in a recession.

Led by improvements in production-related indicators (orange line on the graph below), the Chicago Fed National Activity Index (CFNAI) three-month moving average, CFNAI-MA3, modestly improved to –0.13 in July from –0.15 in June (purple line on the graph below).  The CFNAI is my preferred coincident indicator – and it shows a modestly improving economy expanding below its historical trend (average) rate of growth but well above levels associated with recessions.

The Kansas City Fed’s manufacturing activity was unchanged in August 2023. The month-over-month composite index was 0 in August, up from -11 in July and -12 in June. Overall manufacturing appears in the US remains in a recession.

In the week ending August 19, the advance figure for seasonally adjusted initial unemployment claims 4-week moving average was 236,750, an increase of 2,250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 234,250 to 234,500.

• Nigerian Military Destroys 8 Illegal Refining Sites In Niger Delta
• India’s Slowing Oil Demand Growth To Weigh On Oil Prices
• Saudi Arabia, OPEC Powers Invited To Join BRICS
• New Mexico’s Record Oil Output To Generate $3.5 Billion Budget Surplus
• August once again lives up to its dismal reputation for stocks
• Nvidia earnings scare away AMD, Intel investors as legacy chipmakers lose ground in AI
• Bitcoin ordinals inscriptions have been climbing steadily this summer despite lull in prices
• Lionel Messi lifts MLS to new heights, but the league needs more than ‘the GOAT’ to grow
• Elon Musk Vows To Sue Soros-Funded NGOs Over Free Speech
• Jackson Hole Preview: “Do We Receive Another Hawkish Surprise?”
• Why AMD, Marvell, Intel and other chip stocks are falling after Nvidia earnings
• Movers & Shakers: Nvidia stock jumps after blowout quarter, while Dollar Tree and Boeing fall

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed up 184 points or 0.54%,
• Nasdaq closed up 1.59%,
• S&P 500 closed up 1.10%,
• Gold $1,946 up $20.00,
• WTI crude oil settled at $79 down $1.07,
• 10-year U.S. Treasury 4.188% down 0.014 points,
• USD Index $103.40 down $0.160,
• Bitcoin $26,553 up $754,

*Stock data, cryptocurrency, and commodity prices at the market closing.

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Click here to read our Economic Forecast for August 2023

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Today’s Economic Releases Compiled by Steven Hansen, Publisher:

Sales of new single‐family houses in July 2023 were 31.5 percent above July 2022. The median sales price of new houses sold in July 2023 was $436,700. The average sales price was $513,000. The seasonally‐adjusted estimate of new houses for sale at the end of July represents a supply of 7.3 months at the current sales rate.

It appears that imports into the US continue to worsen – this is usually a signal that the economy is slowing – but in this case, with so many varying dynamics, I would not be in a position to interpret the effect. Anyway. trade in general seems to be in a recession. Sea containers are a timely proxy for trade with the ports of Los Angeles and Long Beach moving 40% of all US container imports / exports. In July 2023, imports are down 26% year-over-year whilst exports are down 6%.

 

• Innovative Electrolyzer Paves Way For Sustainable Propane Production
• Iran Oil Exports Surge above 2 Million Bpd
• Money Manager Sees $120 Oil Surprising Bears
• Nasdaq extends 3-day streak, S&P closes up 1% ahead of Nvidia earnings: Live updates
• Wagner boss Prigozhin listed as a passenger on crashed jet which killed 10 people
• Hollywood producers take heated negotiations with writers union public, revealing latest offer
• Binance.US turns to crypto startup MoonPay after U.S. banks sever ties: CNBC Crypto World
• Tucker And Trump Team Up To Upstage Fox’s GOP Debate
• Bond Report: 10-, 30-year Treasury yields end at one-week lows after batch of weak PMI data
• Market Snapshot: Nasdaq on pace for its best day in nearly a month ahead of Nvidia results

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed down 175 points or 0.51%,
• Nasdaq closed up 0.06%,
• S&P 500 closed down 0.28%,
• Gold $1,926 up $3.30,
• WTI crude oil settled at $80 down $0.47,
• 10-year U.S. Treasury 4.326% down 0.014 points,
• USD Index $103.61 up $0.310,
• Bitcoin $25,831 down $282,

*Stock data, cryptocurrency, and commodity prices at the market closing.

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Click here to read our Economic Forecast for August 2023

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Today’s Economic Releases Compiled by Steven Hansen, Publisher:

Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums, and co-ops – waned 2.2% from June to a seasonally adjusted annual rate of 4.07 million in July. Year-over-year, sales slumped 16.6% (down from 4.88 million in July 2022). The median existing-home price for all housing types in July was $406,700, an increase of 1.9% from July 2022 ($399,000).  NAR Chief Economist Lawrence Yun stated:

Two factors are driving current sales activity – inventory availability and mortgage rates. Unfortunately, both have been unfavorable to buyers.

The Richmond Fed manufacturing index edged up from −9 in July to −7 in August 2023. Two of its three component indexes — shipments and new orders — also increased. The new orders index rose from −20 to −11. Manufacturing continues in a recession in the US.

• Global Oil Consumption Nears All-Time Highs
• South America Struggles To Balance Oil Economy And Environment
• Seaborne Coal Volumes Hit Record Highs In 2023
• Oil Prices Subdued But Bearish Catalysts Loom
• S&P 500 closes lower, weighed by declines in bank and retail shares: Live updates
• Amazon AI scammers blew millions on Lake Como wedding and cars, FTC alleges
• Home sales fall again in July, as supply drops to near quarter-century low
• AMC shares crater as investors brace for stock conversion
• Dick’s shares fall 24% as retailer slashes outlook over theft concerns
• Coinbase just took a stake in stablecoin issuer Circle. Here’s what it could mean for the crypto exchange
• S&P Joins Downgrade Party Of US Banks Due To “Tough” Climate
• Older Americans will spend 12 years living with disability or disease — why are we so unhealthy?

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Summary Of the Markets Today:

• The Dow closed down 37 points or 0.11%,
• Nasdaq closed up 1.56%,
• S&P 500 closed up 0.69%,
• Gold $1,924 up $7.20,
• WTI crude oil settled at $81 down $0.44,
• 10-year U.S. Treasury 4.340% up 0.089 points,
• USD Index $103.33 down $0.050,
• Bitcoin $26,096 down $38,

*Stock data, cryptocurrency, and commodity prices at the market closing.

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Click here to read our Economic Forecast for August 2023

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Today’s Economic Releases Compiled by Steven Hansen, Publisher:

No releases today.

• An Increasing Number Of Americans Want Nuclear Power
• Ruble Plunge Sends Waves Across Central Asia’s Economies
• Kinder Morgan Unit Declares Force Majeure At Tennessee Gas Pipeline
• Russia Retains Position As China’s Top Oil Supplier
• Nasdaq snaps 4-day losing streak, tech shares rise despite higher yields: Live updates
• Mortgage rates hit their highest point since 2000
• American workers are demanding almost $80,000 a year to take a new job
• Tilray is buying beverage brands from Molson Coors, Anheuser-Busch as cannabis industry struggles
• Altcoins slide to begin the week while bitcoin and ether stabilize
• Treasury Yields Soar To 16 Year High As 30Y Mortgage Rates Near 21st Century High
• The Fed: Jackson Hole meeting: When is Jerome Powell’s speech? What investors need to know.
• Market Extra: Treasury yields are surging as investors see no likely return to historically low interest rates

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed up 26 points or 0.07%,
• Nasdaq closed down 0.20%,
• S&P 500 closed down 0.01%,
• Gold $1,919 up $3.40,
• WTI crude oil settled at $81 up $0.89,
• 10-year U.S. Treasury 4.247% down 0.061 points,
• USD Index $103.42 down $0.150,
• Bitcoin $26,082 down $1,779,
• Baker Hughes Rig Count: U.S. -12 to 642 Canada -1 to 189

*Stock data, cryptocurrency, and commodity prices at the market closing.

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Click here to read our Economic Forecast for August 2023

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Today’s Economic Releases Compiled by Steven Hansen, Publisher:

No releases today.

• Rig Count Decline Accelerates Amid Rising U.S. Crude Oil Production
• Bitcoin Crashes Amid A Wave Of Bearish News
• LNG Tanker Prices Soar Earlier Than Usual Ahead Of Winter
• China’s Oil Giant CNOOC Sees Profits Drop 11% On Lower Prices
• China’s Economic Woes Hurt Diesel Demand
• Nasdaq falls a fourth day in a row, notches longest weekly losing streak since December: Live updates
• Bitcoin fell through a key level and is giving a bearish signal. Here’s what chart analysts say happens next
• Automakers are finally embracing lidar sensors. A few startups look like market-share winners
• ChatGPT ‘Politically Biased Toward Left’ In The US & Beyond: New Research Finds
• Crypto: Bitcoin’s tumble: Here’s what may have sparked selloff — and why it may spell trouble for other assets

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed down 291 points or 0.84%,
• Nasdaq closed down 1.17%,
• S&P 500 closed down 0.77%,
• Gold $1,919 down $8.80,
• WTI crude oil settled at $80 up $0.70,
• 10-year U.S. Treasury 4.288% up 0.030 points,
• USD Index $103.43 up $0.001,
• Bitcoin $27,870 down $1,212,

*Stock data, cryptocurrency, and commodity prices at the market closing.

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Click here to read our Economic Forecast for August 2023

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Today’s Economic Releases Compiled by Steven Hansen, Publisher:

Manufacturing activity in the region expanded overall according to the August 2023 Philly Fed Manufacturing Business Outlook Survey. The survey’s indicators for general activity, new orders, and shipments were all positive for the first time since May 2022. This is in sharp contrast to other regional surveys which show manufacturing in a recession.

In the week ending August 12, the advance figure for seasonally adjusted unemployment initial claims 4-week moving average was 234,250, an increase of 2,750 from the previous week’s revised average. The previous week’s average was revised up by 500 from 231,000 to 231,500.

The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.4 percent in July 2023 to 105.8 (2016=100), following a decline of 0.7 percent in June. The LEI is down 4.0 percent over the six-month period between January and July 2023—a slight deterioration from its 3.7 percent contraction over the previous six months (July 2022 to January 2023).  Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board stated:

The US LEI—which tracks where the economy is heading—fell for the sixteenth consecutive month in July, signaling the outlook remains highly uncertain. On the other hand, the coincident index (CEI)—which tracks where economic activity stands right now—has continued to grow slowly but inconsistently, with three of the past six months not changing and the rest increasing. As such, the CEI is signaling that we are currently still in a favorable growth environment. However, in July, weak new orders, high-interest rates, a dip in consumer perceptions of the outlook for business conditions, and decreasing hours worked in manufacturing fueled the leading indicator’s 0.4 percent decline. The leading index continues to suggest that economic activity is likely to decelerate and descend into mild contraction in the months ahead. The Conference Board now forecasts a short and shallow recession in the Q4 2023 to Q1 2024 timespan.

• Saudi Aramco Tops Profit Chart, Leaving Tech Titans In Its Wake
• Citigroup Says To Short Oil After Summer Is Over
• Turkey’s Appetite For Gold Increases As Lira Plummets
• Brazil Looks To Introduce Emissions Cap
• WoodMac: Fivefold Annual Jump In Global Offshore Wind Is “Unrealistic”
• Former Tesla Employees Raise $26 Billion For New Energy Startups
• Dow tumbles nearly 300 points as stocks fall for a third straight day and yields pop: Live updates
• Three ways Walmart and Target are diverging as consumers watch their wallets
• House Republicans subpoena Citibank over info shared with FBI after Jan. 6
• 10-year yield rises to highest level since October 2022
• ‘Streamflation’ Bites As Searches To Cancel Hulu And Disney+ Erupt Nationwide
• Bond Report: 10- and 30-year Treasury yields end at their highest levels since 2007 and 2011

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed down 181 points or 0.52%,
• Nasdaq closed down 1.15%,
• S&P 500 closed down 0.76%,
• Gold $1,923 down $12.20,
• WTI crude oil settled at $79 down $1.79,
• 10-year U.S. Treasury 4.270% up 0.047 points,
• USD Index $103.49 up $0.28,
• Bitcoin $29,100 down $55,

*Stock data, cryptocurrency, and commodity prices at the market closing.

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Click here to read our Economic Forecast for August 2023

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Today’s Economic Releases Compiled by Steven Hansen, Publisher:

In July 2023, total industrial production declined 0.2% year-over-year. Components manufacturing declined 0.7% year-over-year, mining was up 2.9% year-over-year, whilst utilities declined 0.9% year-over-year. Capacity utilization moved up to 79.3 percent in July, a rate that is 0.4 percentage points below its long-run (1972–2022) average. Overall, industrial production remains in a recession and is little changed over the last 5 months.

Privately‐owned housing units authorized by building permits in July 2023 were 13.0% below July 2022. Housing starts were up 5.9% year-over-year. Housing completions were down 11.8 % year-over-year. It appears new housing is beginning to break out of its recession.

Today, the Federal Reserve released the minutes for the FOMC meeting which ended on 26 July 2023. Interesting statements in the minutes:

… tighter credit conditions for households and businesses were likely to weigh on economic activity, hiring, and inflation. However, participants agreed that the extent of these effects remained uncertain. Against this background, the Committee remained highly attentive to inflation risks.

… Participants commented that monetary policy tightening appeared to be working broadly as intended and that a continued gradual slowing in real GDP growth would help reduce demand–supply imbalances in the economy. Participants assessed that the ongoing tightening of credit conditions in the banking sector, as evidenced in the most recent surveys of banks, also would likely weigh on economic activity in coming quarters.

… Participants judged that, over coming quarters, firms would reduce the pace of their investment spending and hiring in response to tight financial conditions and the slowing of economic activity.

… They noted evidence that labor demand was easing—including declines in job openings, lower quits rates, more part-time work, slower growth in hours worked, higher unemployment insurance claims, and more moderate rates of nominal wage growth. In addition, they remarked on indications of increasing labor supply, including a further rise in the prime-age participation rate to a post-pandemic high.

… Participants cited a number of tentative signs that inflation pressures could be abating. These signs included some softening in core goods prices, lower online prices, evidence that firms were raising prices by smaller amounts than previously, slower increases in shelter prices, and recent declines in survey estimates of shorter-term inflation expectations and of inflation uncertainty.

… With inflation still well above the Committee’s longer-run goal and the labor market remaining tight, most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy. Some participants commented that even though economic activity had been resilient and the labor market had remained strong, there continued to be downside risks to economic activity and upside risks to the unemployment rate; these included the possibility that the macroeconomic effects of the tightening in financial conditions since the beginning of last year could prove more substantial than anticipated. A number of participants judged that, with the stance of monetary policy in restrictive territory, risks to the achievement of the Committee’s goals had become more two sided, and it was important that the Committee’s decisions balance the risk of an inadvertent overtightening of policy against the cost of an insufficient tightening.

• U.S. Gas Prices Hit Year High As Market Tightens
• Energy Transfer LP To Acquire Crestwood Equity Partners In $7B Deal
• Lula Aide Signals It’s Okay For Petrobras To Pursue Amazon Drilling
• Tesla Reignites Price War With More Cuts In China
• Fed officials see ‘upside risks’ to inflation possibly leading to more rate hikes, minutes show
• Aldi to acquire Winn-Dixie and Harveys Supermarket stores in Southern expansion
• Appeals court imposes restrictions on abortion pill, but drug will stay on the market for now
• Target Pride backlash adds to sales woes as culture wars rage in corporate America
• FOMC Minutes Signal Hawkish Fed Fears “Significant Upside Risks To Inflation”
• Inflation slows to 6.8% but flights and hotels keep prices high
• Movers & Shakers: Intel and Tower Semiconductor shares fall, Target’s stock gains, and more stocks on the move
• Bond Report: 10-year Treasury yield ends at 15-year high after Fed’s July minutes

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed down 361 points or 1.02%,
• Nasdaq closed down 1.14%,
• S&P 500 closed down 1.16%,
• Gold $1,935 down $9.50,
• WTI crude oil settled at $12 down $1.50,
• 10-year U.S. Treasury 4.213% up 0.031 points,
• USD Index $103.21 up $0.02,
• Bitcoin $29,152 down $161,

*Stock data, cryptocurrency, and commodity prices at the market closing.

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Click here to read our Economic Forecast for August 2023

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Today’s Economic Releases Compiled by Steven Hansen, Publisher:

Prices for U.S. imports in July 2023 rose to -4.4% year-over-year from -6.1% last month. Export prices rose from -11.9% year-over-year last month to -7.9% in July 2023. Overall export / import prices are deflating. The rise in import prices is attributable to increases in petroleum prices whilst export price increases were driven my agriculture products.

Advance estimates of U.S. retail and food services sales for July 2023 were up 3.2% year-over-year (blue line on the graph below). Inflation-adjusted sales (red line on the graph below) are up 1.4% year-over-year. Retail sales seem to be modestly improving but remain weak.

The August 2023 Empire State Manufacturing Survey index fell twenty points to -19.0. New orders and shipments fell significantly. The recession in manufacturing seems to be continuing.

• U.S. Shale Oil Production Growth Getting Increasingly Difficult: Report
• U.S. Pipeline Gas Exports To Mexico Hit A Record-High
• Recycling Breakthrough Makes Plastic Waste A High-Value Commodity
• Libya’s Oil Output Threatened As Intense Fighting Breaks Out In Tripoli
• Dow slides more than 300 points, breaking a 3-day win streak, as bank names tumble: Live updates
• Regional banks slide after Fed’s Kashkari advocates ‘significantly further’ capital regulation
• Fitch warns it may be forced to downgrade dozens of banks, including JPMorgan Chase
• Homebuilder sentiment drops sharply, as mortgage rates surge over 7%
• Silver Price Inexcusably Low Given The Market Dynamics
• Turley: The Fourth Indictment Of Donald Trump & The Criminalization Of Election Controversies
• Futures Movers: U.S. oil price ends nearly 2% lower on China worries
• MarketWatch: On the streets of San Francisco, will robotaxis run amok or aground?

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.

Summary Of the Markets Today:

• The Dow closed up 26 points or 0.07%,
• Nasdaq closed up 1.05%,
• S&P 500 closed up 0.58%,
• Gold $1,940 down $7.10,
• WTI crude oil settled at $82 up $0.70,
• 10-year U.S. Treasury 4.185% up 0.017 points,
• USD Index $103.14 up $0.30,
• Bitcoin $29,318 down $102,

*Stock data, cryptocurrency, and commodity prices at the market closing.

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Click here to read our Economic Forecast for August 2023

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Today’s Economic Releases Compiled by Steven Hansen, Publisher:

No major releases today.

• Americans Struggling To Pay Skyrocketing Energy Bills
• What Happens When Essential Commodities Become Luxuries?
• Sudan Oil Exports Rising Despite Conflict
• Nigeria’s Forcados Crude Resumes Loadings After Month-Long Halt
• Analyst: Oil Is Heading Well Into The $90 Range
• Gold Prices Dip As Recession Fears Fade
• S&P 500, Nasdaq close higher Monday as tech stocks make a comeback: Live updates
• Cruise vehicles cause weekend traffic jam one day after California approves 24-7 robotaxi service
• More than 227,000 global tech workers have lost their jobs so far this year

Click on the “Read More” below to access these, other headlines, and the associated news summaries moving the markets today.