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Oil prices remain stable despite geopolitical tensions following the death of Hezbollah leader Hassan Nasrallah. Israel considers a ground incursion into Lebanon, while oil supply remains unaffected. Defense stocks show mixed performance amid rising tensions.

Portfolio Pulse from Anthony Noto

September 30, 2024 | 6:15 pm

SPY

Fed Chair Powell indicated that the current job creation rate may not sustain the unemployment rate due to rising supply. The Fed is not rushing to cut rates and will be guided by upcoming data, including two employment reports and an inflation report before the November meeting.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:12 pm

SPY

Federal Reserve Chair Jerome Powell stated that revisions in Gross Domestic Income (GDI) and personal income have removed potential downside risks that the Fed was considering. This could influence the Fed's monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:07 pm

SPY

Federal Reserve Chair Jerome Powell announced that the Fed is encouraging bankers to assist customers affected by the hurricane. The Fed is also ensuring that there is sufficient cash available for transactions in areas where power is out.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:04 pm

SPY

Federal Reserve Chair Jerome Powell stated that significant progress has been made towards stabilizing prices without causing a significant increase in unemployment. He mentioned that the risks of achieving employment and inflation goals are balanced.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:57 pm

SPY

Fed Chair Powell expressed confidence that inflation is on a sustainable path to 2%, with disinflation being broad-based. A 50 basis points rate cut reflects confidence in maintaining labor market strength and achieving inflation goals.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:57 pm

SPY

Federal Reserve Chair Jerome Powell indicated that monetary policy might shift towards a more neutral stance if the economy continues to evolve as expected. He emphasized that decisions will be made on a meeting-by-meeting basis, highlighting the solid state of the U.S. economy and balanced labor market. Powell also mentioned that further cooling of the labor market is not necessary to achieve the 2% inflation target.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:56 pm

SPY

Federal Reserve Chair Powell is speaking at the NABE Annual Meeting on the economic outlook. This event could provide insights into future monetary policy, impacting market sentiment and potentially influencing stock prices.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:55 pm

SPY

The U.S. Chamber of Commerce has urged President Biden to prevent a potential strike at East Coast ports, warning that such a work stoppage could severely impact the U.S. economy.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:49 pm

EIS

ISRA

The U.S. State Department has been informed by Israel about limited military operations targeting Hezbollah infrastructure near the Lebanon border.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:30 pm