Here are our top 10 things to watch in the stock market Monday
Here are our top 10 things to watch in the stock market Monday. Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuTraders work on the floor at the New York Stock Exchange in New York, Sept.
What happened
AI semiconductor and infrastructure stocks are under heavy pressure ahead of Monday's open on Wall Street. 6 Oregon fell to unranked Oklahoma State in the biggest upset of this college football season to date, Ducks coach Dan Lanning said Monday that there has been a "lack of leadership" across his team through two games. 41 EDTShareKey events10h agoClosing summary10h agoAlex Ovechkin returns from Russia to play hockey in Washington DC after starring in election ad for Putin's party10h agoReporters were barred from recording video of McConnell in Capitol11h agoCalifornia's attorney general celebrates US supreme court decision to block changes to mail voting11h agoVoting rights advocates welcome US supreme court decision to stop Trump administration from restricting mail voting in midterms11h agoObama calls for labs 'to slow down the pace of AI development' and regulations 'that deal with serious safety concerns'12h agoUS supreme court blocks Trump administration from changing mail ballot rules for midterm elections12h agoGavin Newsom tells CNN he won't run in 2028 if Kamala Harris does because 'the zen diagram on that is just pure crossover'14h agoMitch McConnell returns to Senate after long absence14h agoAfter Trump says he likes Flock surveillance cameras, Montana Senate candidate responds: 'Flock off, man'16h agoHere's a recap of the day so far17h agoJohnson says he will meet with AI execs 'soon' alongside Trump17h agoTrump 'open to' talks with Iran, insists that countries should reimburse US for oil arriving through strait of Hormuz18h agoAlligator Alcatraz held detainees in cages the size of phone booths, DHS watchdog says18h agoTrump again touts $5,000 payments if GOP retains control of Congress19h agoSenate Republicans release new crypto bill text ahead of critical Tuesday vote19h agoTwo dozen states sue Trump administration over rule to make it harder to get green cards20h agoTop Senate Democrat calls for all-chamber meeting with Trump administration about AI guardrails20h agoHouse committee to consider Russia sanctions bill21h ago'I don't think Americans should be scared of anything': Vance tries to quell concerns about AI regulation21h agoTrump claims 'sick conspiracy' over calls for more guardrails on AI companies22h agoJohnson: Congress shouldn't be in charge of AI guardrails, insists its tech companies responsibilities23h agoJohnson to discuss Trump's $5k midterm pledge, says incentive needs approval from Congress24h agoEPA set to scrap power-plant pollution limits – reports1d agoKennedy Center faces bankruptcy and possible closure – report1d agoTrump's mail-in voting restrictions blocked by a second judge An election worker reaches for an unopened ballot during sorting in Clackamas county on 7 November 2024.
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuEvery weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. That ignited a recovery in the broader stock market, which brought the S & P 500 and Nasdaq up towards the flat line. Oil prices paring their Monday gains also took some pressure off stocks. So, in the run-up to the Federal Reserve's two-day September meeting on Tuesday and Wednesday, inflation worries persisted, and market odds for an interest rate hike were over 92%, according to the CME FedWatch tool.
The wider picture
AI infrastructure stocks led the market lower on the uncertainty created by Anthropic CEO Dario Amodei's weekend essay calling for an industry-wide slowdown in the advancement of new AI models. We're not sure whether hyperscalers would actually cut capex, but that's the possibility the market was pricing in on Monday. Outside technology, the market rotated into traditional defensive stocks that are less tied to the broader economy and the data center buildout. There are no major economic releases on Tuesday, either, as the Fed kicks off the first day of its policy meeting. (See here for a full list of the stocks in Jim Cramer's Charitable Trust, including META, GOOGL, MSFT, AMZN, CRWD, PANW, JNJ, LLY, KMB, COST. ) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Brendan McDermid | ReutersThis week, the stock market could do something unusual: rally on a rate hike. What's unusual, however, is the possibility that the stock market could actually rise in that scenario, which the major averages treated as positive on Friday. However, if the Fed is able to restore confidence in its commitment to tackling inflation, it could relieve some of the pressure in the bond market, which could then also relieve stocks. But Valve developer Pierre-Loup Griffais hinted maybe so in an interview with Tom’s Hardware: “there’s not really any sort of the kind of distortion compared to just the price of the parts in there. ”RelatedOur Steam Frame reviewValve has ported Half-Life: Alyx to ARM, and it’s free with Steam FrameWhen IGN asked Griffais why Valve didn’t simply ship the Steam Frame with less RAM, he answered: “I think at this point, things were a little bit too far in development to fully rethink the product. ”When it first announced the Steam Frame, Valve said it was targeting a lower price than its previous Valve Index headset, which cost $999 at launch and required a direct plug into a PC.
What has been reported
There’s plenty of familiar IP in the mix, but also some genuinely original shows worth putting on your to-watch list. Watch on HuluMobLandSeason 2 of MobLand is almost here—whether Tom Hardy likes it or not. (Despite all the recent headlines surrounding the Oscar winner’s behind-the-scenes drama, he has already signed on for season 3. ) The highly underrated, or perhaps just underseen, crime drama returns with the Harrigan family’s criminal empire under threat from rival forces, forcing their street-smart fixer Harry Da Souza (yep, Hardy) to navigate increasingly bloody internal tensions.
Watch on Paramount+Outlander: Blood of My BloodBefore there was Jamie and Claire, there were their parents. Watch on HuluNeon Genesis EvangelionBefore Netflix gave it a new English dub—and, depending on who you ask, stirred up a lot of feelings—there was the original Japanese-language version of Neon Genesis Evangelion. SMUOhio State Buckeyes19hESPNWeek 2 truths: Ohio State's big-game problem; Oregon and Oklahoma still haven't fixed thingsTexas Longhorns2dBill ConnellyProjecting the CFP top 12 after Week 2: How far does Ohio State fall?
" After watching the film, Lanning did not hold back on his assessment of Oregon's effort in a 39-31 loss. Sometimes you've got to learn hard lessons through hard performances, and this is — you know, this is by far the worst performance that we've had since I've been here. On Monday, Lanning said he regretted going for it.
What happens next
Lanning announced Monday that starting offensive lineman Trent Ferguson is "probably" out for the season because of a knee injury. Photograph: Jenny Kane/APFrom 11h agoVoting rights groups and local officials welcomed the US supreme court decision on Monday to keep a new United States Postal Service rule from being implemented before the midterm elections. Here are the latest developments: The US supreme court denied a request from the Trump administration to implement new US Postal Service restrictions on mail voting in the 2026 midterm elections, which have already started.
Mitch McConnell, the 84-year-old former Senate majority leader from Kentucky, was seen in Washington for the first time in months on Monday, minutes before his office released a statement saying that he was back at work. With a slip of the tongue reminiscent of Joe Biden, Gavin Newsom, California’s Democratic governor, told CNN that he would not run for president in 2028 if his fellow Californian, former vice-president Kamala Harris, decides to run again, since “I know what that means: I know her base of supporters, I know her friends, the zen diagram on that is just pure crossover. ” Donald Trump claimed there is a “SICK conspiracy” against artificial intelligence and data centers in response to the growing calls for greater checks on AI development.
As our colleague Chris Stein reports, Mitch McConnell, the former Republican Senate majority leader, returned to the US Capitol on Monday and spoke to reporters briefly before entering the Senate chamber after a months‑long absence that fueled rampant speculation about his health. The senator, who rarely replies to questions in the Capitol hallways, joked that he wasn’t sure how many reporters would be there to see him return.
The report has been compiled by The Daily Waves using information reported across espn.com, theguardian.com, cnbc.com. Details are presented according to the information available at the time of publication and may change as authorities, organisers or other relevant parties provide updates.