Stock Market Coverage – Thursday September 8 Yahoo Finance

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U.S. stocks rose for a second straight session Thursday after swinging between gains and losses for much of the trading day.

The S&P 500 climbed 0.7%, and Dow Jones Industrial Average and technology-heavy Nasdaq Composite each advanced 0.6%.

All eyes were on Federal Reserve Chair Powell Thursday as he spoke at the Cato Institute’s 40th Annual Monetary Conference in Washington D.C. The U.S. central bank chief reasserted the Fed’s commitment to fighting inflation but remained hopeful the endeavor can be done without the “very high social costs” of monetary tightening.

The appearance marked Powell’s final public remarks before the Fed’s next policy announcement September 21.

Thursday’s seesaw session comes after the S&P 500 surged 1.8% Wednesday, the Dow Jones Industrial Average about 1.4%, and the Nasdaq Composite 2.1% – snapping a seven-day streak of declines and notching its biggest jump in four weeks.

On the economic data front, initial jobless claims fell to the lowest reading since May. Filings for first-time unemployment insurance totaled 222,000 in the week ended Sept. 3, the Labor Department said Thursday. Economists called for 240,00 claims, according to consensus estimates compiled by Bloomberg.

Across the Atlantic, the European Central Bank delivered an unprecedented 75 basis point interest rate hike and signaled further increases after inflation in the eurozone hit a new record high.

The increase came just two weeks before the Federal Reserve is poised to raise interest rates in the U.S. by 0.75% for the third consecutive time. Some market participants had hoped that policymakers would slow the pace of their rate-hiking campaign this fall, but strong economic data on the labor and manufacturing fronts have tempered those expectations.

CME Group’s Fedwatch tool reflects expectations for a bump of three quarters of a percentage at about 86%, up from 69% one week ago.

A flurry of Wall Street institutions have also raised their bets on a 75-basis-point hike this month including Bank of America, Goldman Sachs, and Nomura.

Shares of GameStop (GME) were ripped 7.5% higher after the meme-stock darling announced a partnership with crypto platform FTX late Wednesday. The video-game retailer also reported second-quarter earnings that showed losses widened to $108.7 million while sales declined 4% from a year ago to $1.14 billion.

American Eagle Outfitters (AEO) shares tanked 8.8% after the company missed on earnings, paused its quarterly dividend, and warned “demand trends remain difficult” in the current quarter.

In commodity markets, oil prices nudged 1% higher after settling at a fresh seven-month low on Wednesday.

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The 2023 Global Healing Festival by Embodied Black Girl Returns, Disrupting Grind Culture and Centering Rest

The free one-day festival featuring today's visionary thought leaders will take place online on June 9, 2023

The Global Healing Festival by Embodied Black Girl returns for its fourth annual festival on June 9, 2023. The festival is the first of its kind and nourishes the healing and liberation of Black women and women of color while enlivening culture change and making wellness, somatics and mental health more accessible to the communities that need it most. 

Every year the free grassroots virtual festival attracts thousands of participants around the world, primarily through word of mouth.  

Curated by the global wellness and leadership education platform, Embodied Black Girl, the day-long online, interactive and immersive festival experience, includes in-depth workshops and thought-provoking conversations with today's leading visionary cultural shapers.

This year's theme, The Future is Embodied: The Rest-volution, is an invitation to enter the dream space and leave grind culture behind. In spite of the grim statistics and policies that impact Black women in particular, we root for a vision of joy, hope and self-determination.

In keeping this festival free through the years, our hope is to make wellness, somatics and mental health more accessible to Black women and folks of color and, in turn, create a world where we are seen, held and empowered. In this space, rest is life and our bodies transform into revolutionary portals and oracles for liberation. 

The festival will be hosted by Embodied Black Girl founder Thérèse Cator, who'll be joined by honored guests: 

  • Tricia Hersey, founder of The Nap Ministry and NYT Bestselling Author of Rest is Resistance 
  • Dr. Jennifer Mullan, founder of Decolonizing Therapy and author of the forthcoming book Decolonizing Therapy: Oppression, Historical Trauma and Politicizing Your Practice (W. W. Norton & Company)
  • Tigidankay "TK" Saccoh, founder of The Darkest Hue, a digital platform that centers the experiences and perspectives of dark-skinned Black girls, women, and femmes 
  • Natalee Facey, Resilience Coach and Birth Doula 

The festival will explore questions like…

  • How does rest support our individual and collective liberation?
  • How can we move beyond a cognitive understanding of rest to an embodied knowing of rest?
  • How can we foster deeper embodiment while having difficult and necessary conversations within our family and communities?
  • What dreams are we here to birth and nurture that will support personal and communal thriving?

For more information and to register to attend, please visit https://embodiedblackgirl.com/ghf-2023/.

Contact Information:
EBG Press
hello@embodiedblackgirl.com


Original Source: The 2023 Global Healing Festival by Embodied Black Girl Returns, Disrupting Grind Culture and Centering Rest

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