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
Wall Street opens a pivotal week on Monday with stock exchanges trading as usual even though the bond market stays shut for Columbus Day, picking up from Friday's broad rally that capped a record week: a tech rebound and easing yields had lifted the Dow Jones 0.83% to 51,655.01, the S&P 500 0.59% to 7,811.54, and the Nasdaq Composite 0.64% to 27,366.17. Software stocks led that recovery from Thursday's semiconductor-led selloff, though chipmakers stayed under pressure, while Communication Services was last week's weakest sector after T-Mobile, AT&T, and Verizon tumbled on news of a SpaceX spectrum deal. With Treasury trading paused for the holiday, the 10-year yield holds near 5.24% and the VIX stays calm at 14.84, while WTI crude sits near $91.85 and gold near $4,145.90. The week's main event arrives Tuesday, when JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo kick off bank earnings, followed by Wednesday's September CPI report, with economists looking for the annual rate to accelerate toward 3.6% from August's 3.4% print. The Fear & Greed Index holds at a Neutral 55 as investors weigh calmer yields and a stabilizing tech trade against the risk of a hot inflation surprise just as the S&P 500 and Nasdaq sit near record highs.