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Current Market Observations

September 5, 2023 | Weekly Commentary

Equity markets ended the week a bit higher, with the Dow Jones Industrial Average gaining 1.43%, the S&P500 notching a 2.50% gain, and the NASDAQ ending up 3.25%. The continued positive momentum in the economy and lessening chances for another rate hike by the Federal Reserve in September added some needed optimism to the markets. Trading was quiet in front of the Labor Day Holiday Weekend, but things got back to normal this week. With less than four months of trading left in the year, Wall Street will be getting back to business. Watch for important market moves and salient economic releases as we move forward this week.