Unify Financial Advisors Weekly Market Update
Investor optimism over AI and increased expectations of interest rate cuts helped propel stocks to record highs. The S&P 500 gained 1.09% for the week, and is up 14.18% year-to-date. Ten-year Treasury yields eased slightly during the week, and 30-year fixed mortgage rates remained below 6.5%. The Employment Situation for September was delayed because of the government shutdown.
Weekly Outlook
Third-quarter earnings are light this week, with Pepsi and Delta among the few companies reporting that we are watching. Analysts expect S&P 500 earnings to grow approximately 7.2% in Q3. We will continue to monitor the delayed employment report and look ahead to next week for the release of the Consumer Price Index for September.
For a more detailed analysis of last week’s markets and economic trends, check out the latest issue of Market Week.
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David Bennett