Key Takeaways
- Markets Closed 3Q In The Red
- Dollar Strength Could Prove To Be A Headwind
- Employment Report On Friday
Friday’s close marked the end of the third quarter and it was the first quarter in which broad market indices were down. The S&P 500 fell by 3.7% and the Nasdaq Composite was down just over 4%. On Saturday, we received encouraging news as a government shutdown was averted. For now. It was really more of a kick the can down the road, as Congress will need to reach agreement by November on a spending bill. Getting a bill through Congress could become more difficult as Speaker McCarthy may face a vote to have him removed as House Speaker.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased