News Highlights: Top Global Markets News of the Day - Monday at 11 PM ET

China Central Bank Takes More Steps to Boost Flagging Economy 
 

The People's Bank of China took more steps to boost its flagging economy, after a slew of downbeat indicators recently sparked concerns that Beijing's official annual growth target of around 5% might be out of reach.

 
S&P 500 Gains; Intel Stock Rallies 
 

The S&P 500, Nasdaq Composite and the Dow Jones Industrial Average all rose modestly. Intel was among the top performers.

 
Stocks Are Having a Great Year but Worries Remain After the Rate Cut 
 

The S&P 500 and Dow Industrials just hit records, but even if investors think that the bull market can keep running, it doesn't hurt to be prepared.

 
Fed's Goolsbee Wants More Rate Cuts. The Economy Could Nail a Soft Landing. 
 

The economy is solid but rates need to come down to keep it there, Chicago Fed president Austan Goolsbee said.

 
Childcare Is Key to a Healthy Jobs Market: Kashkari 
 

The Minneapolis Federal Reserve Bank president also discussed the central bank's recent rate cut and the path forward.

 
Struggling Eurozone Faces Contraction While U.S. Keeps Pace 
 

The eurozone economy slowed sharply as the third quarter draws to a close, contrasting still-dynamic growth in the U.S., according to a series of business surveys.

 
Labor market is not 'flashing red,' two top Fed officials say 
 

Two top Federal Reserve officials on Monday said that they don't think the labor market is weakening dangerously - but the risk of further softening called for last week's half-point cut in the policy rate.

 
Israeli Strikes on Hezbollah Targets in Lebanon Kill Nearly 500 
 

The strikes against more than a thousand targets mark the deadliest wave in the latest round of hostilities.

 
U.S. Economy Stabilized in August, Chicago Fed Says 
 

Economic growth rebounded a little last month but the broader trend remained weak amid high borrowing costs and political uncertainty, the Federal Reserve Bank of Chicago said.

 
The Rate Cut Won't Save These Real-Estate Owners 
 

Relief from lower interest rates is coming too late for many highly indebted commercial-property investors.

(END) Dow Jones Newswires

September 23, 2024 23:15 ET (03:15 GMT)

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