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 the new week cautiously optimistic after Friday's broad rally, when a surprisingly weak September jobs report — just 29,000 payrolls added, well below the 84,000 forecast, with unemployment ticking up to 4.2% — cooled bets on further Fed tightening and sent the S&P 500 to 7,722.72 and the Nasdaq Composite to a record 27,190.86, while the Dow Jones closed at 51,176.96 but still lagged for the week. Easing Treasury yields, with the 10-year anchored near 5.18%, are supporting rate-sensitive growth names this morning, while rising tension around the Strait of Hormuz after Iran held firm on shipping conditions is pushing WTI crude toward $90 and lifting haven demand for gold. Last week's sector leaderboard still sets the tone, with Technology and Communication Services leading and rate-sensitive Utilities and Real Estate the worst performers. Today's ISM Services PMI reading is the week's first major data point, setting up Wednesday's FOMC meeting minutes and the unofficial kickoff of earnings season later this week from PepsiCo and Delta Air Lines. The Fear & Greed Index eased to 45 (Neutral) as investors weigh last week's dovish jobs data against fresh geopolitical risk.