Halfway through the month and the S&P 500 has recouped most of its September losses. It still has some ground to make up, can it do it this week?
The S&P 500, after starting the week with back-to-back down days, rebounded nicely to finish the week up close to two percent.
Earnings from some of the largest banks and a much better than expected retail sales report were some of the reasons for the nice rebound in performance.
For the week ahead, earnings season gets into full swing where the focus will be on commentary and expectations surrounding inflation and supply constraints. If the S&P 500 is to recoup the remainder of its September losses this week, then it could come down to what these companies say about their outlook.
This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below: