This week features a Fed meeting, Broadcom and Oracle results, and job openings data. Yields rose sharply last week, raising concerns. Major indexes approached record highs Friday.
With the Fed expected to lower rates again Wednesday, major indexes inched up this morning, but so did Treasury yields and volatility. Tech drove early gains.
Bitcoin and stock futures are moving in separate directions as focus turns to consumer sentiment and shutdown-delayed PCE data ahead of next week's Fed rate decision.
Equity markets have remained largely unchanged this week as investors anticipate guidance from the upcoming Federal Open Market Committee (FOMC) meeting.
Initial jobless claims and Challenger layoff data come ahead of the open after ADP's weak report yesterday raised rate cut odds. Salesforce and Snowflake results are also in focus.
Crypto turned around yesterday but Marvell Technology earnings appeared to disappoint. Today brings Salesforce results and ADP jobs data, along with Macy's and Snowflake.
Find Market Commentary content
Fed Meeting, Job Openings, Oracle Pack a Busy Week
Fed Week Begins with Stocks, Yields Both Higher
Looking to the Futures
Today's Options Market Update
Weekly Trader's Outlook
Implications of a New Fed Chair Nominee
Sector Views: Monthly Stock Sector Outlook
New Batch of Jobs Data Next After Surprise Drop
Salesforce, Macy's, Crypto, and ADP Jobs in Focus