solid economic prospects<\/a> following record-breaking corporate profits in the second quarter.<\/p>\n“What’s driving it, in large part, is … really a strong U.S. economy and a strong economic outlook fueled by big investments in AI and data centers and technology in general,” he said. “So, I think it’s not really about financial conditions affecting the economy. It’s more about the economy affecting financial conditions.”<\/p>\n
Earlier in the week, stocks were falling and bond yields were rising amid renewed fighting between the U.S. and Iran. U.S. officials had signaled a transition from overt military action to economic sanctions prior to the resumption of hostilities in which the U.S. and Iran exchanged strikes.<\/p>\n
“I’m finding it hard to make real sense of it,” Richard Haass, president emeritus of the Council on Foreign Relations, told CNBC on Wednesday. “It looked as though over the last few weeks we had switched to an economic coercive approach … I thought we’d come to the conclusion that more military action wasn’t going to pay off.”<\/p>\n
On Thursday, traders will have an eye on weekly jobless claims. The main event for economic data will be out on Friday in the form of August’s payrolls report.<\/p>\n
In terms of earnings, reports are due from optical networking player Ciena and consumer staples giant Campbell’s Thursday morning. Zscaler, Docusign and UiPath will report in the afternoon.<\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday,…\n","protected":false},"author":3,"featured_media":1040589,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[412450,133,64,81,108602,247350,262297,69,91320,144,8001,2055,49076,7994,83,7995,135,91322,143,91321,145,134,16285,20674,37923,262206,67,132,68,108600,26047],"class_list":["post-1040588","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-lco27g","tag-breaking-news-markets","tag-business","tag-business-news","tag-campbell-soup-co","tag-ciena-corp","tag-docusign-inc","tag-donald-trump","tag-dow-jones-fut-sep25","tag-dow-jones-industrial-average","tag-economic-events","tag-government-and-politics","tag-government-debt","tag-hang-seng-index","tag-iran","tag-kospi-index","tag-markets","tag-nasdaq-100-fut-sep25","tag-nasdaq-composite","tag-sp-500-fut-sep25","tag-sp-500-index","tag-stock-markets","tag-suppress-zephr","tag-u-s-10-year-treasury","tag-u-s-2-year-treasury","tag-uipath-inc","tag-united-states","tag-unitedstates","tag-us","tag-wti-crude-sep25","tag-zscaler-inc"],"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1040588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=1040588"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1040588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/1040589"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=1040588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=1040588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=1040588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}