Unify Financial Advisors Weekly Market Update
Markets were mixed last week as investors responded to the Federal Reserve’s policy decision and rotated from technology stocks into more cyclical areas of the market. The S&P 500 declined 0.63% for the week, ending slightly lower after reaching record highs mid-week following the Fed’s announcement.
The Federal Reserve cut its target range for the federal funds rate by 25 basis points to 3.50%–3.75%, but expectations for additional cuts in 2026 declined. The Job Openings and Labor Turnover Summary (JOLTS) showed that the number of job openings remained unchanged at 7.7 million in October, compared to the previous month, easing concerns about a weak labor market.
Weekly Outlook
Investors will focus on November’s Consumer Price Index (CPI), the jobs report, and retail sales, all of which are expected to influence market direction and interest rate expectations for next year. We will also see the release of many delayed reports resulting from the recent government shutdown.
Please read the full Market Week report for details on last week’s market and economic trends.
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Regards,
David Bennett