LIVE MARKETS-US stocks retreat in early trade
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
US STOCKS RETREAT IN EARLY TRADE
U.S. stocks are lower in the early stages of trading on Thursday, with growth names taking the brunt of the selling as the recent rotation toward value names continues and investors await a barrage of delayed economic data.
The U.S. government is set to reopen after the longest shutdown in the country's history and investors are awaiting economic data that was delayed during the 43-day closure. White House economic Adviser Kevin Hassett said data on the U.S. unemployment rate for October may never be available.
Adding to pressure on stocks are diminishing expectations for a December rate cut from the Federal Reserve after recent comments from several Fed officials suggested a cut was not written in stone, with some nodding to a lack of economic clarity due to the shutdown.
San Francisco Fed President Mary Daly said she is open-minded about a cut at the upcoming meeting, as risks to the Federal Reserve's two goals of price stability and full employment are balanced now that the Fed has cut interest rates twice so far this year.
Expectations for a 25-basis-point cut at the Fed's December meeting have shrunk to 53.4%, down from 69.6% a week ago and 95.5% a month prior, according to CME's FedWatch Tool.
As concerns about stretched valuations continue to nip at AI-related stocks, investors have begun to rotate into more cyclical names. The S&P 500 value index .IVX is roughly flat on Thursday, while the growth index .IGX is down roughly 1%. For the month, value has gained 1.6%, far outpacing the roughly 2% decline for the growth index.
Below is your early market snapshot:
(Chuck Mikolajczak)
EARLIER ON LIVE MARKETS:
MILEI VICTORY OPENS DOOR TO FLEXIBLE REGIME FOR PESO -GOLDMAN CLICK HERE
BENCHMARK TREASURY YIELD RISES AS MARKETS AWAIT DATA CLICK HERE
70% GAIN FOR SOUTH KOREAN INDEX, BUT CITI EXPECTS MORE CLICK HERE
LUXURY: Q3 GREEN SHOTS EXTEND TO OCTOBER - BOFA CLICK HERE
TRADE DIVERSIFICATION IS HARDER THAN YOU THINK CLICK HERE
STOXX NUDGES UP TO NEW RECORD CLICK HERE
BEFORE THE BELL: CISCO POPS, EUROPE UP, FTSE NEARS 10K CLICK HERE
DEAL AFTER DINNER AS TRUMP SIGNS END TO SHUTDOWN CLICK HERE
US10YT11132025 https://fingfx.thomsonreuters.com/gfx/buzz/klvyjzkjlpg/image-1763041856120.png
Early trade Nov 13 
Related Articles
Netflix Stock Analysis: Why Netflix Stock Keeps Falling, and When Should Investors Buy Netflix Stock?
While the final terms for Netflix's acquisition of WBD remain uncertain in the short term, we view the recent decline, driven by market sentiment, as a significant long-term undervalued opportunity. The return to more realistic valuations enhances the investment appeal of Netflix stock.
Musk Confirms SpaceX 2026 IPO: The Dual ‘Trillion-Dollar’ Bet with Hidden Risks
TradingKey - Elon Musk has confirmed speculation that his space exploration company, SpaceX, is preparing for an IPO as early as 2026. The potential listing, which could value SpaceX at over $1 trillion, might catapult it into the ranks of the world's top ten most valuable companies. This raises a
Judgment on the Fed's December Rate Cut and 2026 Monetary Policy Trend: Identifying Opportunities in the U.S. Stock Market
TradingKey - The Federal Reserve is likely to halt its rate-cutting cycle before the end of Q2 2026...The magnitude of rate cuts in Q3 and Q4 2026 is expected to far exceed current market expectations...U.S. equities are highly likely to follow a "bearish-then-bullish" trajectory throughout 2026.
Why Is the "Altcoin Season" Delayed? Will Altcoins Perish?
The anticipated "altcoin season" has yet to materialize, constrained by a lack of fresh market capital and Bitcoin's continued dominance in absorbing available funds. This does not mean all altcoins will perish; however, a segment of these tokens will gradually exit the market. Therefore, caution is
Gold Price Steady Climb and the Sudden Surge of Silver and Copper: Will Their Bull Run Extend Into 2026?
Dow Jones Market Data shows this marks the first time since 1980all three metals—gold, silver, and copper—simultaneously refreshed their all-time highs in the same year. Will this rally extend into 2026?
