Stocks come into the new week with momentum on their side. The Dow Jones Industrial Average closed at a record on Friday, capping off a 1.6% gain for the week. The S & P 500 also reached an all-time high last week and posted a weekly advance of 1.4%. That performance comes on the back of a half percentage point rate cut from the Federal Reserve. The reduction surprised many traders who expected a smaller quarter-point decrease. However, it's not all clear for stock investors yet.
's Jonathan Krinsky pointed out that this is "the worst seasonal stretch of the year," adding that it doesn't end until mid-October. The S & P 500 has averaged a 2.3% loss in September over the past 10 years, according to FactSet data. October has been better for stocks in that time, with an average gain of 1.6%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors.
Source: wjxt4 - 🏆 246. / 63 Read more »
Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors. U.S. futures fell, while oil prices were higher. The S&P 500 fell 0.2% Wednesday, following a 2.1% drop a day earlier. The Nasdaq composite dropped 0.3%. The Dow managed a gain of 38 points, or 0.1%.
Source: AP - 🏆 728. / 51 Read more »
Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallAsian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock Market Today: US stocks flat as traders brace for Fed's rate decisionStock Market Today: US stocks flat as traders brace for Fed's rate decision
Source: Investingcom - 🏆 450. / 53 Read more »
RBC adds oil and gas stock with 25% upside to its outperforming basket of stocksRBC's Global Energy Best Ideas List is up 182% since its inception in February 2013, compared to iShares S&P Global Energy Sector ETF's 40% return.
Source: CNBC - 🏆 12. / 72 Read more »