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 built on Monday's gains Tuesday as the big banks kicked off Q3 earnings with broad beats: JPMorgan, Goldman Sachs, Citigroup, and Wells Fargo all topped estimates on strong trading and dealmaking revenue, powering the Dow Jones up 0.56% to 52,140.80, while the S&P 500 added 0.32% to 7,832.15 and the Nasdaq Composite edged up 0.19% to 27,298.40. Financials surged 1.85% to lead all eleven sectors, with Communication Services and Industrials also outperforming, while Energy slid 0.95% as WTI crude eased back from its geopolitical premium and Technology lagged again on continued semiconductor softness. With Treasury trading back online after the holiday, the 10-year yield eased to 5.21% and the VIX cooled to 14.85 as earnings reassured investors, while gold slipped to $4,152.80. Attention now turns to this morning's September CPI report, the week's key inflation test, with Bank of America and Morgan Stanley also reporting earnings before the bell and Thursday's retail sales and PPI data on deck. The Fear & Greed Index ticked up to a Neutral 52 as strong bank earnings offset lingering concerns about elevated energy prices and sticky inflation heading into Wednesday's data.