The rocky start to October trading has left Wall Street wondering what can boost stocks in the near-term. The three major averages are tracking to snap three-week win streaks, as of Friday afternoon. The Dow Jones Industrial Average and Nasdaq Composite have each shed around 0.2%, while the S & P 500 has lost 0.1%. Stocks struggled this week as rising tensions in the Middle East set off the strongest rally in oil prices since March 2023.
"Given the fact that the market's been so strong this year, we are priced a little bit for perfection," said Chris Zaccarelli, chief investment officer at the Independent Advisor Alliance. Inflation report, Fed minutes on deck In the week ahead, investors will keep an eye on a couple of potential catalysts. On Wednesday, investors will parse minutes from September's central bank gathering for insights into the future path of monetary policy.
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Source: CNBC - 🏆 12. / 72 Read more »