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The Latest Breaking News from University of Michigan

Stocks Rally as Strength in Tech Boosts Market Sentiment

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up by +0.88%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +1.31%. March E-mini S&P futures (ESH26 ) rose +0.87%, and March...

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Dollar Moves Higher on Yen Weakness and Fed Comments

The dollar index (DXY00 ) climbed to a 1-week high on Friday and finished up by +0.19%. The dollar rose on Friday amid yen weakness. Also, upbeat comments on Friday from New York Fed President John Williams supported the dollar, as he said some of the data we're seeing is...

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Stocks Climb as Tech Shares Rally

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.94%. March E-mini S&P futures (ESH26 ) are up +0.62%, and March...

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Dollar Gains on Yen Weakness and Upbeat Fed Comments

The dollar index (DXY00 ) climbed to a 1-week high today and is up by +0.18%. The dollar is moving higher today due to weakness in the yen. Also, upbeat comments today from New York Fed President John Williams supported the dollar, as he said some of the data we're...

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University of Michigan Official Statement On Sherrone Moore Charges: Campus Says It Fired Him 'With Cause' After Internal Investigation

University of Michigan says it fired coach Sherrone Moore with cause after an internal probe, as criminal charges followed and legal proceedings now continue.

International Business Times UK

DoorDash driver allegedly at center of major college football scandal in Michigan

Here's what's known about the viral DoorDash story.

We Got This Covered

Fired Michigan football coach Sherrone Moore ‘terrorized’ his ex after losing job as he’s charged with home invasion, court hears

The ex-head coach for the Michigan Wolverines was fired from his job over claims of an ‘inappropriate relationship’ with a member of staff

The Independent UK

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Michigan coach remains jailed following arrest hours after firing for ‘inappropriate relationship with a staffer’

The former head coach for the Wolverines has a wife and three daughters

The Independent UK

Stocks Finish Higher as Price Pressures Ease

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up by +0.19%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.43%. December E-mini S&P futures (ESZ25 ) rose +0.19%, and December...

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Dollar Recovers Early Losses as Bond Yields Rise

The dollar index (DXY00 ) on Friday rose by +0.02%. The dollar recovered from early losses on Friday and finished little changed. Friday's rally in stocks reduced liquidity demand for the dollar. The dollar was also under pressure amid expectations that the Fed will cut interest rates at next week's...

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Stocks Rally on Benign Inflation News

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.48%. December E-mini S&P futures (ESZ25 ) are up +0.30%, and December...

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Dollar Weakens on Improved Fed Rate Cut Prospects

The dollar index (DXY00 ) today is down by -0.08%. The dollar is slightly lower today and is holding just above Thursday's 5-week low. Today's strength in stocks has reduced liquidity demand for the dollar. The dollar is also under pressure amid expectations that the Fed will cut interest rates...

Barchart

Stocks Rally as Chip Makers Rebound

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up by +0.98%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +1.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.77%. December E-mini S&P futures (ESZ25 ) rose +1.00%, and December...

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Dollar Posts Modest Gains as US Consumer Sentiment Revised Higher

The dollar index (DXY00 ) on Friday posted a 5.5-month high but gave up most of its advance and finished up +0.03%. The dollar found support on Friday's hawkish comments from Boston Fed President Susan Collins and Dallas Fed President Lorie Logan, who said they favored keeping interest rates steady....

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Benzinga

Nasdaq Gains Over 100 Points; US Consumer Sentiment Rises In November

U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 500 points on Friday.

Barchart

Stocks Extend Rebound Rally on Dovish Williams Remarks

The S&P 500 Index ($SPX ) (SPY ) today is up by +1.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +1.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +1.14%. December E-mini S&P futures (ESZ25 ) are up +1.23%, and December...

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Dollar Slightly Higher as US Consumer Sentiment is Revised Upward

The dollar index (DXY00 ) today rose to a new 5.5-month high and is up by +0.04%. The dollar has support from this week's plunge in equity markets, which has boosted liquidity demand for the dollar. Also, hawkish Fed comments today from Boston Fed President Susan Collins and Dallas Fed...

The Independent UK

Big Ten denies Michigan regent's claim of coercion over $2.4 billion investment plan

The Big Ten Conference has denied claims by a University of Michigan regent that Commissioner Tony Petitti threatened the school over a $2.4 billion investment plan

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Fortune

Top analyst sees 'genuine cracks for mid- to lower-end consumers' as the K-shaped economy continues to bite

Mid- to lower-income households are struggling with an "affordability crisis," notes Lisa Shalett of Morgan Stanley Wealth Management. Credit stress is "flashing yellow."

Fortune

Consumer sentiment is sinking across the board — except for Americans with the most stocks

"One key exception: consumers with the largest tercile of stock holdings posted a notable 11% increase in sentiment, supported by continued strength in stock markets."

Barchart

Stocks Recover on Government Reopening Hopes

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.28%. December E-mini S&P futures (ESZ25 ) rose +0.14%, and December E-mini Nasdaq futures...

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Dollar Slips on Economic Woes

The dollar index (DXY00 ) on Friday fell to a 1-week low and finished down by -0.15%. The dollar moved lower on Friday due to some carryover pressure from Thursday, when a report from Challenger showed US job cuts in October surged by 175% y/y, the most in 22 years,...

Benzinga

Nasdaq Tumbles Over 100 Points; US Consumer Sentiment Falls In November

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling more than 100 points on Friday.

Barchart

Economic Angst Weighs on Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -0.95%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.55%. December E-mini S&P futures (ESZ25 ) are down -0.97%, and December E-mini Nasdaq futures...

Barchart

Stock Index Futures Slip as Valuation and Economic Concerns Persist, U.S. Confidence Data on Tap

December S&P 500 E-Mini futures (ESZ25) are down -0.26%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.30% this morning, extending yesterday’s losses as investors remain concerned about weak labor market data and lofty tech valuations.

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