The financial world found itself grappling with unprecedented uncertainty as a looming government shutdown in October cast a long shadow over the release of critical economic indicators, most notably the Consumer Price Index (CPI) data. This crucial inflation gauge, typically published by the Bureau of Labor Statistics (BLS) (BLS), was
Wall Street rebounded on Monday, recovering part of last week's steep losses as investors grew more confident about risk assets amid encouraging signs from Washington that the record-long government shutdown may soon conclude.
Risk-off sentiment dominated Wall Street on Friday, with selling pressure in AI-linked names intensifying and pushing technology stocks toward their worst week since April.
Wall Street bounced back Wednesday after Tuesday's sharp selloff in AI-driven stocks, as investors bought the dip amid solid corporate earnings and growing signs that the Federal Reserve may be nearing another interest rate cut.
If and when defensive stocks come back into favor, investors will need to make some decisions as to which companies in the Consumer Staples sector look most attractive.
