This Week on Wall Street
Your weekly cheat sheet — what's moving markets, what's coming up, and what it means for your portfolio. No jargon, just clarity.
This Week in Markets
Markets are closed for the weekend, so today's snapshot reflects Friday's close, which capped a turbulent week dominated by the Fed's first rate hike since 2023. The S&P 500 slipped 0.1% for the week to 7,650.50, the Nasdaq Composite added 0.8% to 26,522.55 as chipmakers rallied into the close, and the Dow fell 1.7% to 51,682.64, dragged down by rate-sensitive industrials and financials. The 10-year Treasury yield eased to 4.94% and WTI crude slid to $99.53 as oil gave back more of its early-week spike, helping lift Technology and Communication Services to the top of the sector leaderboard while Energy and Financials brought up the rear. The VIX eased further to 14.81 and the CNN Fear & Greed Index held at 29 (Fear) as investors weighed Chair Kevin Warsh's hawkish rate-hike commentary against signs the economy can absorb higher borrowing costs. Attention now turns to next week's S&P Global flash PMIs and a packed earnings slate led by AutoZone, General Mills, Costco, and Nike for a fresh read on consumer and business health heading into October.