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 closed mixed on Thursday as a weak manufacturing reading and surging Treasury yields kept investors on edge heading into Friday's jobs report. The S&P 500 slipped 0.25% to 7,652.03 and the Dow Jones fell 0.86% to 50,908.79, while the Nasdaq Composite edged up 0.24% to 26,861.06 as resilient megacap tech names offset the broader pullback. For the week, all three benchmarks remain lower, with the Dow down roughly 1.7% and the S&P 500 off about 1.0%, while the Nasdaq has held up best, down only 0.8%. Rate-sensitive sectors bore the brunt as the 10-year Treasury yield jumped to 5.34%, its highest level since 2002, on fresh tariff-threat headlines, with Utilities and Real Estate leading sector laggards while Technology and Communication Services held up best. The ISM Manufacturing PMI fell to 47.9, deeper into contraction and below forecasts, stoking stagflation worries even as WTI crude eased to about $90.06 and gold held near $4,190 on haven demand, while the CNN Fear & Greed Index slipped to 31 (Fear). Nike reports fiscal first-quarter results after Thursday's close, with Friday's September jobs report looming as the week's biggest catalyst for the Fed's next move.