Market volatility expected to continue in the week ahead with Presidential debate and jobs report

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The presidential debate and the jobs report are the big things investors are watching in the week ahead, and both could have a big impact.

The September jobs report will be the final employment report before the election when it is released Friday.

The Fearless Girl statue is seen outside the New York Stock Exchange in New York City, New York, U.S., June 11, 2020.Stock market volatility, with sharp ups, downs and reversals, is likely to be the norm again in the week ahead, as investors await Friday's jobs report and watch headlines from Washington and the presidential debate.

The unemployment rate is expected to drop to 8.2% from 8.4%. JP Morgan economists said they expect job growth to continue, but they also said the lack of stimulus and aid to the unemployed could slow consumer spending. They reduced their forecast for fourth quarter GDP growth to 2.5% from 3.5% Thursday.Michael Schumacher, director of rate strategy at Wells Fargo, said the debate may have more potential to move the market than the jobs report.

 

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