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Stock impact report

Ready Capital, Franklin BSP Realty Trust, Annaly Capital Management, Rocket Companies, and Mr. Cooper Group Shares Are Falling, What You Need To Know [Yahoo! Finance]

Ready Capital Corproation (RC) 
Last ready capital corproation earnings: 3/11 04:39 pm Check Earnings Report
Company Research Source: Yahoo! Finance
A number of stocks fell in the afternoon session after reports revealed a drop in consumer confidence amid mounting fears of a potential U.S. government shutdown. The Conference Board's Consumer Confidence Index fell to 94.2 in September, a larger-than-expected decline fueled by pessimism over inflation and the job market. This drop suggests consumers may cut back on borrowing and spending, directly impacting banks' profitability. Adding to the concerns, Federal Reserve Vice Chair Philip N. Jefferson highlighted a cooling economy, with GDP growth slowing to 1.5% in the first half of 2025 due to weaker consumer spending. Compounding these issues is the looming threat of a U.S. government shutdown, as a deal on a spending plan remains elusive. A shutdown could further squeeze the economy and delay crucial economic data, increasing market uncertainty and prompting a cautious approach from investors. The stock market overreacts to news, and big price drops can present good opportunit Show less Read more
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