Market Update: Mon, Oct 7, 2019 | LPL Financial Research

Daily Insights

Trade pessimism. U.S. stocks are lower this morning on speculation that China may be increasingly reluctant to strike a trade deal. High-level talks between the United States and China are still scheduled to kick off later this week, but reports indicate that Chinese officials have narrowed the scope of topics they’re willing to negotiate on during these discussions. Continue reading

Labor Market Chugs Along

Economic Blog
October 04, 2019

The U.S. labor market keeps chugging along, despite signs of weakness in other pockets of the U.S. economy.

Nonfarm payrolls rose 136,000 in September, and July and August payrolls growth were revised up by 45,000. The 12-month average payrolls change climbed to 179,000 including Friday’s data, still slightly higher than the expansion average.

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Market Update: Fri, Oct 4, 2019 | LPL Financial Research

Daily Insights

Another volatile day. U.S. stocks posted another volatile trading session Thursday amid unexpectedly soft data and heightened global uncertainty. The S&P 500 Index dropped as much as 1.1% intraday before recovering to finish up 0.8%, its biggest comeback in a trading session since December 27, 2018. S&P 500 futures are up this morning as stocks keep searching for direction. Continue reading

Is October Really Scary?

Market Blog
October 02, 2019

Just like that, the S&P 500 Index fell more than 1% on the first day of October. The rough start has many investors on edge, as October is known for spectacular crashes—specifically 1929, 1987, and 2008.

On the flipside, September 2019 was historically calm for equity markets, as the S&P 500 didn’t fall 1% on a single day the entire month.

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U.S. Manufacturing Drops to 10-Year Low

Economic Blog
October 01, 2019

U.S. manufacturing activity fell to a 10-year low, dragged down by a weakening global economy.

The Institute for Supply Management’s (ISM) Purchasing Managers’ Index (PMI) fell to 47.6 in September, the lowest level since June 2009. As shown in the LPL Chart of the Day, the gauge stayed in contractionary territory (below 50) for a second straight month.

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