The stock market selloff has the S&P 500 approaching a “cluster of support” on the charts, notes a top Wall Street technician.
: New England’s housing markets ‘heat up’ as home prices jump in August — and rose by over 9% in one state
Home prices rose in August, with New England states leading the pack, CoreLogic economist says.
: GM sales jump 21% in the third quarter, Stellantis sees a drop
General Motors Co.’s vehicle sales show resilience against rising interest rates and little impact yet from the ongoing United Auto Workers strike. Stellantis, another automaker hit by the strike, saw a small drop in its U.S. sales, however.
The New York Post: Trump-era chief of staff and retired Marine Corps general John Kelly goes on-the-record to confirm ‘suckers’ and ‘losers’ remarks
Appearing alongside wounded veterans “doesn’t look good for me,” Kelly quotes Donald Trump, the former president, as having said.
: 2024 elections are threatened by AI abuse, experts say. Literacy is key.
“What once took a team of 20 to 40 people working out of [Russia or Iran] to produce 100,000 pieces can now be done by one person using open-source gen AI.”
Market Extra: U.S. dollar hits strongest level in nearly a year, heaping more pressure on stocks
The U.S. dollar rally just won’t stop, and it’s creating even more problems for stocks.
: Another Goldman Sachs Asset Management exec to depart after 28 years at bank
Chris Kojima is departing Goldman Sachs Asset Management in another senior change at the firm as it continues evolving after the 2019 formation of the unit.
Market Extra: Dow industrials erase 2023 gain as stocks extend selloff
The Dow Jones Industrial Average turns negative for the year to date on Tuesday.
: UAW strike: More Ford, GM workers furloughed
About 500 Ford Motor Co. and General Motors Co. autoworkers have been laid off as a knock-off effect of the United Auto Workers strike, which entered its third week.
Currencies: Japanese yen sees wild swing amid intervention fears after falling to nearly 1-year low versus dollar
The yen surges versus the U.S. dollar in volatile trade amid fears of Japanese intervention.
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