Market views heading into the week highlight what we're watching and important news ahead.
Investment Advisory Group
Truist Advisory Services, Inc.
A look back
Stocks were lower last week as the S&P 500 fell 4.2%, mid caps fell 4.9%, and small caps sank by 5.2%. International developed stocks also fell last week, ending 2.8% lower.
U.S. Treasury yields fell sharply last week due to greater certainty of rate cuts at the next Federal Reserve (Fed) meeting. The 2-year yield fell 0.27% and the 10-year fell 0.20%.
The U.S. jobs report for August confirmed that the labor market is cooling but not weak. U.S. payrolls missed consensus expectations, but the unemployment rate ticked lower to 4.2%, from 4.3% in July.
A look ahead
A notable event that will draw the attention of voters across the country early this week is the first debate between former President Donald Trump and Vice President Kamala Harris.
In a relatively busy and consequential week for economic data, investors will keep a close eye on the Consumer and Producer Price Indices to see if inflation remains well behaved.
