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
U.S. markets reopened Tuesday after Monday's Labor Day holiday, with the S&P 500 slipping 0.15% to 7,707.02 and the Dow Jones easing 0.3% to 53,253.86, while the Nasdaq Composite dropped about 1.1% to 26,214.64 as mega-cap tech led the way down. Apple fell 2.55%, Alphabet lost 2.10% and Microsoft slid 2.05%, dragging Technology and Communication Services to the bottom of the pack even as market breadth stayed broadly positive. Energy and Industrials led the gainers as Caterpillar and Honeywell advanced and WTI crude rose to about $92.37 a barrel on renewed Middle East supply concerns that also lifted gold to roughly $4,454 an ounce. The VIX climbed 5.3% to 15.30 as investors grew more cautious, while the 10-year Treasury yield ticked up to about 4.82% on lingering inflation worries. Attention now turns to Oracle's earnings Wednesday, Friday's August CPI report, and the following week's pivotal FOMC decision.