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
Stocks eked out modest gains midweek as Treasury yields paused their relentless climb, with traders parsing Wednesday's Personal Consumption Expenditures report for confirmation that inflation is cooling. The S&P 500 rose 0.17% to 7,683.88 and the Dow Jones added 0.17% to close near 51,437, clawing back a sliver of Monday's steep losses, while the Nasdaq Composite slipped 0.09% to 26,797.54 as a handful of megacap tech names gave back gains. For the week, all three benchmarks remain lower, with the S&P 500 and Dow each down about 0.8% and the Nasdaq off roughly 1.0% after Monday's selloff on surging bond yields. Rate-sensitive corners of the market bore the brunt, with Utilities and Real Estate leading sector laggards as the 10-year Treasury yield hovered near 5.23%, its highest since 2007, while Technology and Communication Services held up best. Oil eased to about $90.87 a barrel even as gold jumped to roughly $4,233 on haven demand, and the CNN Fear & Greed Index slid to 33 (Fear) from the low-30s earlier in the week. Markets now look ahead to Thursday's ISM Manufacturing PMI and Nike earnings, with Friday's September jobs report looming as the week's biggest catalyst.