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The Latest Breaking News from University of Michigan

The dollar index (DXY00 ) Friday rose by +0.19%. The dollar recovered from early losses and posted moderate gains on Friday. Short covering emerged in the dollar Friday after T-note yields rose on stronger than expected US economic news on Sep capital goods new orders nondefense ex-aircraft and parts and...

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Stocks Rally as Chip Stocks Jump on Western Digital Earnings

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.86%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +1.53%. Stocks today are moderately higher, with the Nasdaq 100 posting a...

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Dollar Slightly Lower as Bond Yields Fall and Stocks Climb

The dollar index (DXY00 ) today is down by -0.06%. The dollar is under pressure today from lower T-note yields. Also, the strength in stocks today has reduced liquidity demand for the dollar. Losses in the dollar were limited today after US Sep capital goods new orders nondefense ex-aircraft and...

Barchart

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University of Michigan Spent $250 Million on DEI, Made Students Unhappier

"Michigan's D.E.I. expansion has coincided with an explosion in campus conflict over race and gender," notes The New York Times.

Reason

Stocks Settle Higher as US Banks Post Solid Earnings Results

The S&P 500 Index ($SPX ) (SPY ) Friday closed up by +0.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.97%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.15%. Stocks on Friday settled moderately higher, with the S&P 500 and...

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Dollar Finishes Slightly Lower on Weak US News and Strength in Stocks

The dollar index (DXY00 ) Friday fell by -0.10%. The dollar came under pressure Friday after the University of Michigan US Oct consumer sentiment index unexpectedly declined. Also, Friday’s US Sep PPI report showed producer prices eased to 1.8% y/y, below the Fed’s 2.0% price target, bolstering expectations for a...

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Crude Prices Slip on Energy Demand Concerns as US Consumer Sentiment Declines

Nov WTI crude oil (CLX24 ) Friday closed down -0.29 (-0.38%), and Nov RBOB gasoline (RBX24 ) closed up +0.07 (+0.03%). Crude oil and gasoline prices Friday gave up early gains and settled mixed. Fuel demand concerns weighed on crude Friday after the University of Michigan US Oct consumer sentiment...

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S&P 500 Climbs to a Record High as US Bank Earnings Impress

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.59%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.11%. Stocks today are moderately higher, with the S&P 500 and Dow...

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Dollar Slips as US Consumer Sentiment Unexpectedly Declines

The dollar index (DXY00 ) today is down by -0.07%. The dollar today is under pressure after the University of Michigan US Oct consumer sentiment index unexpectedly declined. Also, today’s US Sep PPI report showed producer prices eased to 1.8% y/y, below the Fed’s 2.0% price target, bolstering expectations for...

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University Of Michigan Students, Rabbi Robbed At Gunpoint While Celebrating Rosh Hashanah

A peaceful Rosh Hashanah celebration at a local rabbi's home on Wednesday turned into a terrifying ordeal when a gunman broke in during a holiday dinner.

International Business Times

Hafta 504: MUDA scam, Modi in USA, Trump vs Harris

In this week’s special free episode, Newslaundry’s Abhinandan Sekhri, Raman Kirpal, Manisha Pande, and Jayashree Arunachalam, are joined by The News Minute’s Pooja Prasanna and University of Michigan associate professor and author Joyojeet Pal.

Newslaundry

Stocks Settle Lower on Weakness in Chip Stocks

The S&P 500 Index ($SPX ) (SPY ) Friday closed down by -0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down by -0.53%. Stocks on Friday settled mixed, with the Dow Jones Industrials climbing...

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Dollar Weakens on Dovish US Economic Reports

The dollar index (DXY00 ) Friday fell by -0.16% and posted a 14-month low. The dollar moved lower Friday after weaker-than-expected US personal income and spending reports knocked T-note yields lower, a bearish factor for the dollar. Also, Friday’s benign US Aug core PCE deflator report boosted the chances for...

Barchart

Inflation Report Sparks Mixed Market Reaction

The S&P 500 Index ($SPX ) (SPY ) today is down by +0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.36%. Stocks today are mixed, with the Dow Jones Industrials climbing to...

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Stocks See Support as Bond Yields Fall on Fed Rate Cut Optimism

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.11%. Stocks today are mixed, with the Dow Jones Industrials climbing to...

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Dollar Falls on Weaker-Than-Expected US Economic Reports

The dollar index (DXY00 ) today is down by -0.25%. The dollar is lower today after weaker-than-expected US personal income and spending reports knocked T-note yields lower, a bearish factor for the dollar. Also, today’s benign US Aug core PCE deflator report boosted the chances for additional Fed interest rate...

Top News

Minnesota Gov. Tim Walz To Attend Michigan Football Game

Governor Tim Walz set to attend University of Michigan football game, highlighting coaching background and engaging with young voters.

Barchart

Stocks Set for Muted Open as Investors Await Fed Meeting

September S&P 500 E-Mini futures (ESU24) are up +0.09%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.01% this morning as market participants braced for the Federal Reserve to lower interest rates, with opinion divided on the size of this week’s cut.

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Stocks Rally on Heightened Speculation about a 50 bp Rate Cut Next Week

The S&P 500 Index ($SPX ) (SPY ) Friday closed up by +0.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.72%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.47%. Stocks posted moderate gains on Friday, with the S&P 500, Dow...

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Stocks Push Higher on Chip Stock Strength and Positive Economic News

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.59%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.42%. Stocks today are moderately higher, with the S&P 500 and the...

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Dollar Falls on Lower Bond Yields and Yen Strength

The dollar index (DXY00 ) today fell to a 1-week low and is down by -0.43%. Dovish comments today from former New York Fed President Dudley knocked bond yields lower and weighed on the dollar when he said he sees “a strong case for a 50 bp cut” in interest...

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Stocks Finish Higher on Signs of US Economic Resilience

The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.09%. US stocks Friday recovered from early losses and posted modest gains, with the S&P...

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Stocks Higher on Mixed US Economic News

The S&P 500 Index ($SPX ) (SPY ) today is up +0.28%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.40%. US stocks today are slightly higher. US July housing starts and building permits fell...

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Stocks Slightly Lower on Mixed US Economic News

The S&P 500 Index ($SPX ) (SPY ) today is down -0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.28%. US stocks today are slightly lower. Weak US housing news is weighing on stocks...

Barchart

Dollar Slides and Gold Rallies on Disappointing US Housing News

The dollar index (DXY00 ) today is down by -0.23% on dovish comments from Chicago Fed President Goolsbee, who said the US labor market and some leading indicators on the economy are flashing warning signs. The dollar is also lower on today’s weaker-than-expected US July housing starts report. The dollar...

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