Broad Stock Market Gains
Stocks advanced for a second straight week, with the S&P 500, Dow Jones Industrial Average, Nasdaq, and Russell 2000 all closing at record highs on Friday. While the overhang of the government shutdown persists, investor sentiment was boosted by a strong start to third quarter earnings season, optimism for another Fed rate cut this week, cooler than expected inflation, and renewed hope for a U.S.-China trade deal.
The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.