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Symbols
Symbols
Price
Change
% Change
Trend
Prev Close
Open
High
Low
Volume
Mkt Cap
SIXT
Technology
SIXT
Technology
SIXT
+1.37%
3,778.38
+50.94
+1.37%
3,727.443,758.273,796.383,758.27
SIXI
Industrials
SIXI
Industrials
SIXI
+1.07%
1,735.30
+18.43
+1.07%
1,716.871,722.311,740.321,722.31
SIXC
Communications
SIXC
Communications
SIXC
+1.03%
587.92
+6.02
+1.03%
581.90581.90590.04581.90
SIXRE
Real estate
SIXRE
Real estate
SIXRE
+0.87%
212.83
+1.84
+0.87%
210.99210.99213.49210.99
SIXY
Discretionary
SIXY
Discretionary
SIXY
+0.87%
2,279.22
+19.64
+0.87%
2,259.582,270.912,285.542,270.91
US market summary
Major U.S. stock indexes broke a four-day losing streak on Friday, driven by a nearly 3% retreat in Brent crude prices which mitigated broader inflation concerns. Despite the single-day recovery where the Dow Jones Industrial Average gained over 500 points, all major benchmarks ended the holiday-shortened week in negative territory, snapping multi-week winning streaks.
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August core CPI strength cements bets on imminent Fed rate hike
The latest U.S. consumer price index data revealed that underlying core inflation accelerated by 0.3% in August, outpacing economist expectations. Following the report, market pricing indicated a sharp surge in the probability of a 25-basis-point interest rate increase at the upcoming Federal Reserve policy meeting, with implied odds jumping to roughly 87%.
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Energy market volatile following disruptions to critical Saudi pipeline
Crude oil futures experienced significant volatility after Saudi Arabia temporarily halted flows through its East-West Pipeline following regional strikes. Although Brent crude pulled back to finish near $104.61 per barrel, prices remained near multi-month highs due to escalating geopolitical tensions in the Middle East and the effective blockade of the Bab al-Mandeb strait.
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Gold under pressure as elevated bond yields undermine safe-haven demand
Precious metals continuous contracts faced downward momentum, hovering near their lowest marks in over a month and logging a consecutive weekly drop. The combining forces of stronger wholesale inflation data and higher U.S. Treasury yields, with the 10-year note touching near 5%, significantly raised the opportunity cost of holding non-yielding safe-haven assets.
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