After a surprisingly firm August jobs report Friday that sent stocks down on rate hike fears, the market returns from a holiday weekend awaiting CPI data and Treasury auctions.
Major indexes fell and yields jumped after the August jobs report showed a gain of 162,000 and revised July's report from negative to positive. Rate hike odds jumped on the data.
Stocks are on track to be little changed on the week but encountered some chop throughout the week on oil price volatility and higher global bond yields.
It's been 40 years since I began my career on Wall Street and the lessons I learned along the way from some all-time investment greats always hold true.
After yesterday's tech sell-off sparked by rising oil and yields after fresh U.S. strikes on Iran, investors digest results from Dell and Palo Alto Networks and await Broadcom.
Find Market Commentary content
Treasury Auctions, CPI Could Provide Fresh Clues
Looking to the Futures
Today's Options Market Update
Weekly Trader's Outlook
Sector Views: Monthly Stock Sector Outlook
Warsh's Hawkish Turn: What It May Mean for Investors
After Broadcom's Beat, Investors Await Jobs Data
Songs of Experience: Reminiscences of a Strategist
Mulling Tech Earnings, Investors Watch Oil, Yields