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Business News›Markets›US Stocks›Wall St Guide›Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: Tech leads Wall St to higher close as oil eases, Treasury yields dip LIVE BLOG US stocks rebound as tech shares lead gains. Synopsis US Market | Dow Jones Highlights: US stocks ended sharply higher on Thursday, led by technology shares, as easing oil prices and lower Treasury yields helped investors look past the Federal Reserve’s rate hike. Strong labour data and signs of easing supply concerns also supported sentiment, while crypto-linked stocks gained. US stocks bounced back on Thursday, with technology shares leading a broad rally as oil prices and Treasury yields eased after the Federal Reserve’s first rate hike in more than three years. Show more 1 New Update S&P 500 gained 86.09 points, or 1.14%, to end at 7,637.90 points, while the Nasdaq Composite gained 432.07 points, or 1.66%, to 26,410.50. The Dow Jones Industrial Average rose 319.73 points, or 0.61%, to 51,774.38. Read more Wealth management firm Mercer Advisors is cutting its borrowing costs by replacing around $1.6 billion in private credit with a $1.65 billion syndicated leveraged loan. The seven-year loan carries an interest rate of 2.75 percentage points over the benchmark, effectively dropping the firm's borrowing margin by 1.75 percentage points and generating roughly $29 million in annual savings. The deal highlights a growing trend of corporate borrowers ditching high-cost private credit in favor of cheaper capital in the broadly syndicated bank loan market. Backed by private equity owner Oak Hill Capital, Mercer plans to use the lowered interest costs and an additional $250 million delayed-draw loan to fund future acquisitions and expand operations. KKR & Co. raised its forecast for long-term U.S. Treasury yields, predicting the 10-year yield will finish the year at 5.1% and remain elevated through 2027. Citing Federal Reserve Chairman Kevin Warsh's persistent concerns over inflation, the private equity giant expects the central bank to implement additional rate hikes in December and March before holding rates steady into early 2029. The revised outlook reflects expectations of sustained nominal economic growth, large fiscal deficits, and ongoing competition for capital. KKR economists noted that with the Fed not projecting inflation to return to its 2% target until 2029, investors will continue demanding higher returns on long-term government debt. Copper prices rose 1.8% to settle at $14,491.50 a metric ton in London as traders brushed off hawkish signals from the Federal Reserve. Boosted by broader market stability and lower oil prices, the metal drew strong support from rising Chinese spot demand, reflected in a sharp spike in import premiums at Shanghai's Yangshan port. The rally comes as copper consolidates after retreating from recent record highs when rumored U.S. tariffs on refined metal failed to materialize. Despite near-term price volatility, analysts note that long-term fundamentals remain solid due to supply disruptions at major mines and growing demand from data centers and renewable energy sectors. The United States is expected to postpone announcing new tariffs related to excess manufacturing capacity allegations until after next week's planned meeting between Chinese President Xi Jinping and U.S. President Donald Trump. According to a Bloomberg News report citing people familiar with the matter, the delay ensures the trade measures remain on hold until the top-level discussions conclude. Home shoppers holding out for relief from rising mortgage rates may be in for a long wait. The weekly average rate on a 30-year fixed-rate home loan has been rising for months and this week climbed to just below 7% - its highest level in over 19 months. Read more U.S. Coast Guard and FBI teams boarded two foreign-flagged commercial vessels bound for the United States last month after detecting compromised onboard computer networks. The joint operations, carried out in the Gulf of Mexico, follow a wave of cyber incidents affecting maritime transport amid ongoing conflict between Washington and Tehran. Security experts confirmed one targeted vessel was the Liberian-flagged tanker VL Prosperity, which reportedly suffered severe system disruptions while passing through the Strait of Gibraltar. Hackers disabled communications and infiltrated critical engine-room controls, prompting maritime security firms to warn that similar ship-centered cyberattacks are likely to increase. Permian Basin oil producer HighPeak Energy is exploring a potential sale after receiving an acquisition offer from an international buyer. The Texas-based explorer, which carries a market value of around $1 billion and $1.1 billion in long-term debt, is working with investment bankers at Evercore and Texas Capital Securities to evaluate interest. The prospective deal comes as ongoing Middle East conflicts roil global oil markets and boost the appeal of stable U.S. crude assets. While HighPeak is actively engaging with potential buyers, sources noted there is no guarantee that the discussions will result in a transaction. The United States has imposed sanctions on BitBank, an Iranian cryptocurrency exchange controlled by sanctioned financier Babak Zanjani. The U.S. Treasury Department accused the exchange of processing hundreds of millions of dollars for the Islamic Revolutionary Guard Corps and routing payments for ships seeking safe passage through the Strait of Hormuz. The action forms part of a broader crackdown targeting Zanjani's digital asset networks and front companies used to bypass international restrictions. Alongside BitBank, U.S. officials also blacklisted the exchange's software developer and three close associates tied to Zanjani's financial infrastructure. The US SEC has granted a five-year exemption to platforms offering tokenized stocks, easing regulatory hurdles for blockchain-based share trading. The move could bring crypto platforms deeper into traditional equity markets, allowing potential 24/7 trading, instant settlement and fractional ownership, while maintaining issuer consent and investor protection requirements. Read more - Citadel Securities strategist Scott Rubner is turning increasingly bullish on U.S. equities as the market prepares to enter the fourth quarter. While he expects stock weakness and choppy trading to persist through late September due to seasonal trends and technical headwinds, Rubner advises investors to use any remaining pullback as a buying opportunity ahead of an anticipated October recovery. - The optimistic outlook hinges on a sentiment reset in the technology sector, where recent selloffs have cleared out excessive positioning and leverage around artificial intelligence stocks. Rubner notes that historic midterm election year patterns point to a strong rally into year-end, which could broaden beyond tech leaders into the rest of the market. J.P.Morgan expects the Bank of England to raise interest rates by 25 basis points in February, following the central bank's decision to hold borrowing costs at 3.75% in a 6-3 vote. Economists at the bank noted that policymakers appear poised to tighten policy further if geopolitical tensions and rising inflation pressures persist into next year. The revised forecast follows the central bank's warning that UK inflation could top 4% early next year. In addition to keeping rates steady, the central bank surprised markets by pausing its government bond sales for six months to stabilize volatile fixed-income conditions ahead of the government's upcoming budget. - Lawyers for LAM Trade Finance Group II told a London court that iron ore trader Radiant World may hold only $10,000 in cash, despite its recent financial statements listing balances over $200 million. The Jefferies-backed fund obtained a freezing order against Radiant and its founder Pinkesh Nahar over an alleged $500 million fraud involving fake or invalid iron ore receivables. - At a hearing on Thursday, lawyers argued the freezing order must stay in place due to the high risk that assets could be moved or hidden. Radiant World has denied the fraud allegations, while Singapore police continue their investigation into whether the company provided invalid invoices to banks. - Gold prices surged up to 2.8% to pass $4,380 an ounce on Thursday, snapping a three-day slide as a sharp drop in oil prices helped lower U.S. Treasury yields. Falling crude prices eased immediate inflation concerns following the Federal Reserve's first interest rate hike since 2023, relieving pressure on the non-yielding precious metal. - Despite the rebound, analysts caution that the Fed's hawkish tone and potential for further rate hikes could limit gold's near-term upside. However, ongoing geopolitical tensions, rising national debt, and steady inflows into gold-backed ETFs continue to provide strong long-term support for bullion. - Brett Mitstifer, chief investment officer of private banking and wealth management at Flagstar Bank - Subprime auto lender Credit Acceptance Corp has agreed to pay a $75.5 million penalty and forgive more than $630 million in consumer debt to settle a lawsuit led by 41 U.S. state attorneys general. The resolution follows allegations from state regulators that the company violated multiple consumer protection laws. - Along with the massive financial payout and debt relief, Minnesota Attorney General Keith Ellison confirmed that Credit Acceptance Corp will reform its lending practices going forward to resolve the state-level investigation. - Blackstone is taking an active role to arrange a secondary sale for investors in one of its major Blackstone Property Partners funds, which holds a net asset value of roughly $11 billion. The move comes as high interest rates continue to weigh on commercial property values, prompting an influx of redemption requests from institutional investors seeking liquidity. - To manage client withdrawals and retain capital, Blackstone previously offered a 30% reduction in management fees for investors who limited their cash-out requests. While real estate values remain well below past peaks, the strategy has seen early signs of a rebound, bolstered by its heavy portfolio exposure to artificial intelligence data centers and digital infrastructure. - Lucid Group shares jumped 10% on Thursday after Chief Executive Officer Silvio Napoli announced the EV maker has finished its work with restructuring firm AlixPartners. The conclusion of the advisory engagement marks a key milestone in Lucid's effort to optimize operations, cut costs, and secure $1.4 billion in cash savings as it prepares to launch its new midsize vehicle platform. - The stock gain comes as Lucid navigates a tough market environment while pivoting toward commercial partnerships, including a recent deal to supply 25,000 autonomous vehicles to European rideshare platform Bolt. Napoli, who took charge earlier this year, continues to push operational overhauls and expand into robotaxi markets to steady the business after a difficult period for consumer EV demand. - U.S. initial jobless claims unexpectedly dropped by 10,000 to 196,000 last week, pointing to steady labor market conditions despite holiday seasonal noise. The underlying stability gives the Federal Reserve room to maintain its focus on fighting inflation driven by rising oil prices and ongoing Middle East conflicts, following its recent 25-basis-point rate hike. - Meanwhile, high mortgage rates continue to pressure the housing sector, with overall housing starts falling 2.6% and building permits dropping 2.7% in August. Rising borrowing costs, labor shortages, and higher material prices keep dragging down homebuilder confidence and supply, leaving residential construction as a weak spot in the broader economic picture. - Nasdaq has approved Biosergen's application to delist its shares from the First North Growth Market. The approval remains conditional on the Swedish Companies Registration Office granting permission to execute the company's proposed merger with Flerie. - If the necessary regulatory permissions are granted, the final day of trading for Biosergen's shares on the Nasdaq First North Growth Market is expected to be October 21, 2026. - U.S. natural gas futures rose 1% to a one-week high of $2.921 per mmBtu on Thursday following a smaller-than-expected weekly injection into inventories. Utilities added 44 billion cubic feet of gas to storage last week, missing analysts' expectations of a 49 bcf build as late-summer heat drove heavy air conditioning demand and left less supply available for storage. - The price gain was further supported by forecasts calling for higher power plant demand over the next two weeks. However, gains were capped by record domestic production and upcoming maintenance at major LNG export facilities like Cameron LNG and Cove Point, which temporarily reduced daily feedgas flows. - U.S. Senators Tammy Baldwin and Rick Scott called on the Federal Trade Commission to investigate Amazon and Walmart over allegations that their AI shopping assistants suppress "Made in USA" items and ignore misleading labels. The lawmakers cited a recent study showing Amazon's Alexa and Walmart's Sparky favor foreign products, with Alexa indicating a domestic filter would hurt sales for overseas sellers. - The research also found that while these AI tools can detect fake origin labels, the retailers fail to take action against the inaccurate listings. Sparky reportedly attributed this to weak FTC enforcement, prompting the senators to demand a formal investigation to safeguard domestic producers and consumers. - U.S. Treasury yields declined on Thursday as falling oil prices provided relief from inflation fears, giving markets a breather following the Federal Reserve's rate hike a day earlier. The benchmark 10-year yield fell back below 5% to 4.947%, reversing some of the sharp upward movement triggered by the central bank's hawkish policy outlook. - While an unexpected drop in weekly jobless claims confirmed underlying labor market strength, easing crude prices dominated investor sentiment. Markets continue to weigh the Fed's next moves, with traders pricing in a roughly 51% chance of another interest rate increase at the upcoming October meeting. Investors are gaining more confidence in the Federal Reserve's inflation-fighting backbone, but uncertainty about how far it will raise interest rates to keep prices in check is likely to cause volatility for stocks and bonds in the weeks ahead. Read more Nvidia-backed CoreWeave said on Thursday it plans to raise $3 billion through a convertible debt offering, highlighting the massive funding needs to support the AI infrastructure buildout. Read more - Fawad Razaqzada at Forex.com - Initial applications for U.S. unemployment benefits fell by 10,000 to 196,000 in the week ended September 12, reaching their lowest point since July. Continuing claims also dropped to a multi-year low of 1.73 million, signaling ongoing stability in the labor market despite potential holiday-related volatility around Labor Day. - The drop in claims highlights that broad-based layoffs remain low across the economy, even as hiring activity stays cautious. Overall, the data points to a low-hire, low-fire job environment where workers are holding onto their current positions and job security remains steady. - Shares of U.S. power equipment maker Generac surged 27% at $222.21 at open after it signed a long-term agreement to supply backup generators for Amazon data centers, with initial deliveries expected to total about $2.4 billion in 2027 and 2028, a regulatory filing showed on Wednesday. - Amazon shares were trading 1.58% higher at $249.86. Popular American investor Michael Burry, famous for correctly predicting the 2008 housing bubble and now voicing concerns over the AI frenzy, is joining Minerva Investment Management as a senior adviser, where he will work alongside Unicus founder and CEO Lakshmi Ganapathi. Read more The major US stock indexes opened higher on Thursday as retreating oil prices boosted sentiment, with the Federal Reserve's first rate hike under Chair Kevin Warsh reassuring investors of its commitment to reining in inflation. Read more The US Federal Reserve raised its benchmark rate by 25 basis points to 3.75–4% on September 16. Crypto investors now have to assess how much of the tightening is already reflected in prices and how much more could follow. The cost of getting that distinction wrong is buying into a recovery that depends on rate cuts the Fed has little reason to deliver. Read more - British stocks rose on Thursday after the Bank of England kept interest rates unchanged at 3.75% in a 6-3 vote. Investors welcomed the central bank's decision to temporarily pause government bond sales and stop long-dated gilt sales completely, which helped ease borrowing costs following a recent global bond selloff. - Despite the rate hold, Governor Andrew Bailey warned that Middle East conflicts and rising oil prices could force tighter policy ahead. Market analysts expect the central bank may need to raise rates as soon as November to combat sticky inflation, mirroring hawkish steps taken by the U.S. Federal Reserve. Not all stocks moved higher. Fluence Energy tumbled more than 21% after the company lowered its revenue forecast for fiscal 2026. Investors also remained cautious about September's historically weak trading pattern. The S&P 500 has already fallen 1.7% this month, while the 10-year US Treasury yield slipped, reducing some pressure on equities. Nvidia and Amazon gained more than 1% each in premarket trading as technology shares benefited from the improved sentiment. Neocloud companies also advanced before the opening bell. CoreWeave rose 6.9%, Nebius gained 9.8% and IREN climbed 5.7%, adding to gains across the AI infrastructure segment. Brent crude futures fell more than 2% to $103.70, while US West Texas Intermediate crude dropped 1.7% to $100.70. The decline marked a second consecutive session of losses for oil. Lower energy prices provided some relief to equities, although investors continued to monitor disruptions linked to the conflict in Yemen and risks to crude supply. The Fed's decision eased some investor concerns, but the central bank also warned that further rate increases may be needed to contain price pressures. Markets are now watching how high rates could eventually rise. According to CME's FedWatch, traders saw a near 58% chance of another rate hike at the October meeting, up from about 44% a day earlier. US stock index futures rose on Thursday as retreating oil prices helped ease inflation concerns following the Federal Reserve's rate hike. At 07:05 a.m. ET, Dow E-minis were up 370 points, or 0.72%, while S&P 500 E-minis gained 0.82% and Nasdaq 100 E-minis advanced 1.06%. Technology stocks also moved higher in premarket trading.
Business News›Markets›US Stocks›Wall St Guide›Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: Tech leads Wall St to higher close as oil eases, Treasury yields dip LIVE BLOG US stocks rebound as tech shares lead gains. Synopsis US Market | Dow Jones Highlights: US stocks ended sharply higher on Thursday, led by technology shares, as easing oil prices and lower Treasury yields helped investors look past the Federal Reserve’s rate hike. Strong labour data and signs of easing supply concerns also supported sentiment, while crypto-linked stocks gained. US stocks bounced back on Thursday, with technology shares leading a broad rally as oil prices and Treasury yields eased after the Federal Reserve’s first rate hike in more than three years. Show more 1 New Update S&P 500 gained 86.09 points, or 1.14%, to end at 7,637.90 points, while the Nasdaq Composite gained 432.07 points, or 1.66%, to 26,410.50. The Dow Jones Industrial Average rose 319.73 points, or 0.61%, to 51,774.38. Read more Wealth management firm Mercer Advisors is cutting its borrowing costs by replacing around $1.6 billion in private credit with a $1.65 billion syndicated leveraged loan. The seven-year loan carries an interest rate of 2.75 percentage points over the benchmark, effectively dropping the firm's borrowing margin by 1.75 percentage points and generating roughly $29 million in annual savings. The deal highlights a growing trend of corporate borrowers ditching high-cost private credit in favor of cheaper capital in the broadly syndicated bank loan market. Backed by private equity owner Oak Hill Capital, Mercer plans to use the lowered interest costs and an additional $250 million delayed-draw loan to fund future acquisitions and expand operations. KKR & Co. raised its forecast for long-term U.S. Treasury yields, predicting the 10-year yield will finish the year at 5.1% and remain elevated through 2027. Citing Federal Reserve Chairman Kevin Warsh's persistent concerns over inflation, the private equity giant expects the central bank to implement additional rate hikes in December and March before holding rates steady into early 2029. The revised outlook reflects expectations of sustained nominal economic growth, large fiscal deficits, and ongoing competition for capital. KKR economists noted that with the Fed not projecting inflation to return to its 2% target until 2029, investors will continue demanding higher returns on long-term government debt. Copper prices rose 1.8% to settle at $14,491.50 a metric ton in London as traders brushed off hawkish signals from the Federal Reserve. Boosted by broader market stability and lower oil prices, the metal drew strong support from rising Chinese spot demand, reflected in a sharp spike in import premiums at Shanghai's Yangshan port. The rally comes as copper consolidates after retreating from recent record highs when rumored U.S. tariffs on refined metal failed to materialize. Despite near-term price volatility, analysts note that long-term fundamentals remain solid due to supply disruptions at major mines and growing demand from data centers and renewable energy sectors. The United States is expected to postpone announcing new tariffs related to excess manufacturing capacity allegations until after next week's planned meeting between Chinese President Xi Jinping and U.S. President Donald Trump. According to a Bloomberg News report citing people familiar with the matter, the delay ensures the trade measures remain on hold until the top-level discussions conclude. Home shoppers holding out for relief from rising mortgage rates may be in for a long wait. The weekly average rate on a 30-year fixed-rate home loan has been rising for months and this week climbed to just below 7% - its highest level in over 19 months. Read more U.S. Coast Guard and FBI teams boarded two foreign-flagged commercial vessels bound for the United States last month after detecting compromised onboard computer networks. The joint operations, carried out in the Gulf of Mexico, follow a wave of cyber incidents affecting maritime transport amid ongoing conflict between Washington and Tehran. Security experts confirmed one targeted vessel was the Liberian-flagged tanker VL Prosperity, which reportedly suffered severe system disruptions while passing through the Strait of Gibraltar. Hackers disabled communications and infiltrated critical engine-room controls, prompting maritime security firms to warn that similar ship-centered cyberattacks are likely to increase. Permian Basin oil producer HighPeak Energy is exploring a potential sale after receiving an acquisition offer from an international buyer. The Texas-based explorer, which carries a market value of around $1 billion and $1.1 billion in long-term debt, is working with investment bankers at Evercore and Texas Capital Securities to evaluate interest. The prospective deal comes as ongoing Middle East conflicts roil global oil markets and boost the appeal of stable U.S. crude assets. While HighPeak is actively engaging with potential buyers, sources noted there is no guarantee that the discussions will result in a transaction. The United States has imposed sanctions on BitBank, an Iranian cryptocurrency exchange controlled by sanctioned financier Babak Zanjani. The U.S. Treasury Department accused the exchange of processing hundreds of millions of dollars for the Islamic Revolutionary Guard Corps and routing payments for ships seeking safe passage through the Strait of Hormuz. The action forms part of a broader crackdown targeting Zanjani's digital asset networks and front companies used to bypass international restrictions. Alongside BitBank, U.S. officials also blacklisted the exchange's software developer and three close associates tied to Zanjani's financial infrastructure. The US SEC has granted a five-year exemption to platforms offering tokenized stocks, easing regulatory hurdles for blockchain-based share trading. The move could bring crypto platforms deeper into traditional equity markets, allowing potential 24/7 trading, instant settlement and fractional ownership, while maintaining issuer consent and investor protection requirements. Read more - Citadel Securities strategist Scott Rubner is turning increasingly bullish on U.S. equities as the market prepares to enter the fourth quarter. While he expects stock weakness and choppy trading to persist through late September due to seasonal trends and technical headwinds, Rubner advises investors to use any remaining pullback as a buying opportunity ahead of an anticipated October recovery. - The optimistic outlook hinges on a sentiment reset in the technology sector, where recent selloffs have cleared out excessive positioning and leverage around artificial intelligence stocks. Rubner notes that historic midterm election year patterns point to a strong rally into year-end, which could broaden beyond tech leaders into the rest of the market. J.P.Morgan expects the Bank of England to raise interest rates by 25 basis points in February, following the central bank's decision to hold borrowing costs at 3.75% in a 6-3 vote. Economists at the bank noted that policymakers appear poised to tighten policy further if geopolitical tensions and rising inflation pressures persist into next year. The revised forecast follows the central bank's warning that UK inflation could top 4% early next year. In addition to keeping rates steady, the central bank surprised markets by pausing its government bond sales for six months to stabilize volatile fixed-income conditions ahead of the government's upcoming budget. - Lawyers for LAM Trade Finance Group II told a London court that iron ore trader Radiant World may hold only $10,000 in cash, despite its recent financial statements listing balances over $200 million. The Jefferies-backed fund obtained a freezing order against Radiant and its founder Pinkesh Nahar over an alleged $500 million fraud involving fake or invalid iron ore receivables. - At a hearing on Thursday, lawyers argued the freezing order must stay in place due to the high risk that assets could be moved or hidden. Radiant World has denied the fraud allegations, while Singapore police continue their investigation into whether the company provided invalid invoices to banks. - Gold prices surged up to 2.8% to pass $4,380 an ounce on Thursday, snapping a three-day slide as a sharp drop in oil prices helped lower U.S. Treasury yields. Falling crude prices eased immediate inflation concerns following the Federal Reserve's first interest rate hike since 2023, relieving pressure on the non-yielding precious metal. - Despite the rebound, analysts caution that the Fed's hawkish tone and potential for further rate hikes could limit gold's near-term upside. However, ongoing geopolitical tensions, rising national debt, and steady inflows into gold-backed ETFs continue to provide strong long-term support for bullion. - Brett Mitstifer, chief investment officer of private banking and wealth management at Flagstar Bank - Subprime auto lender Credit Acceptance Corp has agreed to pay a $75.5 million penalty and forgive more than $630 million in consumer debt to settle a lawsuit led by 41 U.S. state attorneys general. The resolution follows allegations from state regulators that the company violated multiple consumer protection laws. - Along with the massive financial payout and debt relief, Minnesota Attorney General Keith Ellison confirmed that Credit Acceptance Corp will reform its lending practices going forward to resolve the state-level investigation. - Blackstone is taking an active role to arrange a secondary sale for investors in one of its major Blackstone Property Partners funds, which holds a net asset value of roughly $11 billion. The move comes as high interest rates continue to weigh on commercial property values, prompting an influx of redemption requests from institutional investors seeking liquidity. - To manage client withdrawals and retain capital, Blackstone previously offered a 30% reduction in management fees for investors who limited their cash-out requests. While real estate values remain well below past peaks, the strategy has seen early signs of a rebound, bolstered by its heavy portfolio exposure to artificial intelligence data centers and digital infrastructure. - Lucid Group shares jumped 10% on Thursday after Chief Executive Officer Silvio Napoli announced the EV maker has finished its work with restructuring firm AlixPartners. The conclusion of the advisory engagement marks a key milestone in Lucid's effort to optimize operations, cut costs, and secure $1.4 billion in cash savings as it prepares to launch its new midsize vehicle platform. - The stock gain comes as Lucid navigates a tough market environment while pivoting toward commercial partnerships, including a recent deal to supply 25,000 autonomous vehicles to European rideshare platform Bolt. Napoli, who took charge earlier this year, continues to push operational overhauls and expand into robotaxi markets to steady the business after a difficult period for consumer EV demand. - U.S. initial jobless claims unexpectedly dropped by 10,000 to 196,000 last week, pointing to steady labor market conditions despite holiday seasonal noise. The underlying stability gives the Federal Reserve room to maintain its focus on fighting inflation driven by rising oil prices and ongoing Middle East conflicts, following its recent 25-basis-point rate hike. - Meanwhile, high mortgage rates continue to pressure the housing sector, with overall housing starts falling 2.6% and building permits dropping 2.7% in August. Rising borrowing costs, labor shortages, and higher material prices keep dragging down homebuilder confidence and supply, leaving residential construction as a weak spot in the broader economic picture. - Nasdaq has approved Biosergen's application to delist its shares from the First North Growth Market. The approv
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