The last trading session on Wall Street this week began with massive declines in all stock market benchmarks. Investors today learned about PMI data in the US, which turned out surprisingly well. Markets are still worried about the occurrence of a permanent recession.
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Manufacturing. Actual: 51.8. Expected: 51.1. Previous: 51.5
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Services. Actual: 49.2. Expected: 45.0. Previous: 43.7
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Sentiment among individual investors falls to levels not seen in years. Source: Refinitiv
The market is now pricing in an 84% chance of a 75 basis point rate hike at the Fed's November meeting. Source: Bloomberg
US index quotes. Source: xStation 5
Compiled charts of the US500 and VIX index on the D1 interval. The benchmark of the largest companies in the US starts today's session sharply lower. The VIX fear index is gaining nearly 4.3% today. Source: xStation 5
News:
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FedEx (FDX.US) announced a 6.9% increase in shipping rates and plans to cut annual costs by nearly $4 billion.
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Boeing (BA.US) will pay a $200 million fine to the SEC over misrepresentations about the safety of 737 MAX aircraft.
Information from US companies. Source: Bloomberg
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