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US jobless claims fell sharply, reversing the latest runup that lifted new filings for unemployment advantages to a four-year excessive throughout the earlier week. “The decline is extra noteworthy since claims in Texas, which drove a spike within the prior week, declined however remained elevated,” mentioned Nancy Vanden Houten, lead US economist at Oxford Economics. “Sorting by the noise, preliminary claims are nonetheless in keeping with a comparatively low tempo of layoffs.”
The US Main Financial Indicator fell in August, and is down 2.8% over the six months. “In August, the US LEI registered its largest month-to-month decline since April 2025, signaling extra headwinds forward,” mentioned Justyna Zabinska-La Monica at The Convention Board.
The Philadelphia Fed Manufacturing Index rose in September to its highest stage since January. “The survey’s indicators for present basic exercise, new orders, and shipments all rose, with the previous two returning to constructive territory,” the regional Fed financial institution studies.
Nvidia introduced that it’s investing $5 billion in Intel and can collaborate with the struggling semiconductor firm. AP studies: “Nvidia CEO Jensen Huang referred to as it “a fusion of two world-class platforms” that mixes Intel’s energy in making standard laptop chips, referred to as CPUs, that energy most laptops, with Nvidia’s concentrate on the specialised graphics chips which are crucial for synthetic intelligence.”
US 10-year yield rises in first full buying and selling day after Fed fee lower. The benchmark fee elevated to 4.11%, the very best shut since Sep. 4:
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