What's happening on Wall Street before the weekend
It's Friday and we are closing out the last full trading week for the brutal month of September 2020. The tech sector had a volatile afternoon yesterday, resulting in a trading session of modest gains for major indexes. The Dow finished the day on Thursday 50 points higher, as investors pored over a plethora of economic data, including new home sales and jobless claims. Meanwhile, the S&P 500 and Nasdaq ended the day yesterday marginally higher as well, as the shares of tech giants backpedaled in the last hour of trading.
Yesterday the Dow Jones Industrial Average (DJI - 26,815.44) rose 0.2%. Goldman Sachs (GS) led the list today, topping the list of two winners with a 4.8% rise while Boeing (BA) landed at the bottom with a 3.4% drop on Thursday. The S&P 500 Index (SPX -3,246.59) tacked on 0.3% for the day yesterday while the Nasdaq Composite (IXIC - 10,672.27) added 0.4% during Thursday's trading session. Lastly, the Cboe Volatility Index (VIX - 28.51) 0.2% yesterday.
If you missed it yesterday, catch up today before the bell:
The most notable information slated to be released today is orders data for core durable goods. While today's earnings report list was short, it had definitely got the attention of investors with one particularly high-profile company, Carnival Corp, entering the earnings confessional. However, the Carnival earnings announcement has been rescheduled and there are no earnings of note today.
Though the last week of September will kick off on a somewhat quiet note, investors will have plenty of economic action to unpack by the end of it. The week kicks off on Monday, September 28 with no notable economic data, and only UNFI will report earnings. Click here for our full preview for next week.