The Market Brief
Hey team. As we wrap up the third quarter today, the S&P 500 index is on track for its strongest January-September performance since 1997.
Here’s a look at what we’ll be focusing on in the week ahead!
Impact Snapshot
🟥 Fed Chair Powell Speaks - 2:00pm
Macro Viewpoint
U.S. stock futures were steady as the final trading session of September began, following three consecutive weeks of gains in the major indexes.
Although markets stumbled early in September, historically a weak month for stocks, they bounced back as the Federal Reserve enacted a significant half-point interest rate cut.
Monday also marks the last day of the third quarter, with Wall Street poised for solid gains.
Last week's initial jobless claims were slightly lower than anticipated, indicating ongoing strength in the labor market.
Later in the week, markets will face a key test with the release of September’s jobs report on Friday.