News Highlights: Top Global Markets News of the Day – Monday at 9 PM ET

S&P 500 Gains; Intel Stock Rallies

The S&P 500, Nasdaq Composite and the Dow Jones Industrial Average all rose modestly. Intel was among the top performers.

 
Stocks Are Having a Great Year but Worries Remain After the Rate Cut

The S&P 500 and Dow Industrials just hit records, but even if investors think that the bull market can keep running, it doesn’t hurt to be prepared.

 
Fed's Goolsbee Wants More Rate Cuts. The Economy Could Nail a Soft Landing.

The economy is solid but rates need to come down to keep it there, Chicago Fed president Austan Goolsbee said.

 
Childcare Is Key to a Healthy Jobs Market: Kashkari

The Minneapolis Federal Reserve Bank president also discussed the central bank’s recent rate cut and the path forward.

 
Struggling Eurozone Faces Contraction While U.S. Keeps Pace

The eurozone economy slowed sharply as the third quarter draws to a close, contrasting still-dynamic growth in the US, according to a series of business surveys.

 
Labor market is not 'flashing red,' two top Fed officials say

Two top Federal Reserve officials on Monday said that they don’t think the labor market is weakening dangerously – but the risk of further softening called for last week’s half-point cut in the policy rate.

 
Israeli Strikes on Hezbollah Targets in Lebanon Kill Nearly 500

The strikes against more than a thousand targets mark the deadliest wave in the latest round of hostilities.

 
U.S. Economy Stabilized in August, Chicago Fed Says

Economic growth rebounded a little last month but the broader trend remained weak amid high borrowing costs and political uncertainty, the Federal Reserve Bank of Chicago said.

 
The Rate Cut Won't Save These Real-Estate Owners

Relief from lower interest rates is coming too late for many highly indebted commercial-property investors.

 
Pro Take: Look Out for Hungry Unicorns

Venture investors both cheered the Federal Reserve’s half-percentage-point interest rate cut last week and acknowledged its effects would take time to ripple through the startup ecosystem. But once they do, look for software unicorns to be on the hunt for mergers and acquisitions.

(END) Dow Jones Newswires

September 23, 2024 21:15 ET (01:15 GMT)