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Asian Stocks Set to Extend Gains on Fed Cut Hopes: Markets Wrap Bloomberg.comStock market today: Dow, S&P 500, Nasdaq rally for 3rd day as Fed rate cut hopes grow, Apple and Alphabet notch records Yahoo FinanceSuddenly, the Fed interest rate cut in December looks like it is very much back on the table FortuneStocks climb on hopes for lower interest rates as Dow rallies 660 points AP News
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A flurry of layoffs by large companies such as Amazon and Verizon haven't made a big dent — so far — in the number of people applying for unemployment benefits, a sign the U.S. labor is still in stable condition.
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Abercrombie & Fitch's namesake banner is slowing down, but revenue is ramping up at Hollister, its teen-focused brand.
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The producer price index was expected to increase 0.3% in September, according to the Dow Jones consensus estimate.
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