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After a Thursday tumble, the tech sector roared back on Friday to lead the week's final session. The three major indices all benefited from the rebound to lock up a winning day and week across the board.
Trading in the tech sector this past week was just another reminder that volatility is baked into the equation. Concern over a possible AI bubble burst remain, but at least for this week, the rewards won out.
New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the latest on the hostilities and efforts to reach a deal, updates can be found here.
After central bank policymakers voted to raise rates last month, they signaled that another one was probable by year's end. What wasn't as certain, according to the meeting minutes, was when they'd do it.
Inflation anxiety continues to spook U.S. consumers. The initial sentiment survey for October shows worries over inflation have worsened due to the war, dragging the public's outlook to a five-month low.
The incoming week will feature plenty of numbers to digest. September's CPI and PPI land mid-week, plus the latest retail sales figures will come out, and earnings season launches with big banks up first.
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