Wall Street is kicking off the fourth quarter after the Dow (^DJI) and S&P 500 (^GSPC) closed out the final trading day of September at record levels. While September is a historically weak month for US stocks, the market defied expectations thanks to a boost from the Federal Reserve’s interest rate decision. In a speech on Monday, Fed Chair Powell signaled that the economy is on solid footing, and he’s in no rush to lower interest rates. However, as East and Gulf Coast dockworkers are now officially on strike, there could be significant ripple effects on the world’s largest economy. Meanwhile, investors are digesting the latest JOLTS (Job Openings and Labor Turnover Survey) and PMI (Purchasing Managers’ Index) data. Yahoo Finance trending tickers include Super Micro Computer (SMCI), Trump Media & Technology Group (DJT), and Zim Integrated Shipping Services (ZIM).
Key guests include:
9:00 a.m. ET - Bruce Chan, Stifel Transportation & Logistics Analyst
9:45 a.m. ET - Jon Gold, National Retail Federation Vice President for Supply Chain and Customs Policy
10:00 a.m. ET - Chris Williamson, S&P Global Market Intelligence Chief Business Economist & Executive Director
10:30 a.m. ET - Stamatis Tsantanis, Seanergy Maritime CEO & United Maritime CEO
10:45 a.m. ET - Hamid Akhavan, EchoStar President and CEO
11:00 a.m. ET - Gene Seroka, Port of Los Angeles Executive Director