U.S. markets post first weekly gain in three weeks as investors reprice Fed outlook

  • Investors reassessed Federal Reserve policy expectations as U.S. markets gained for a third week.
  • September payrolls and August core PCE inflation data headline next week’s economic calendar.
  • Micron and Nike will report earnings, offering insight into AI demand and consumer spending.

U.S. markets recorded their first weekly gain in three weeks as investors reassessed the Federal Reserve’s policy outlook and monitored U.S.-Iran negotiations over the Strait of Hormuz. The coming week brings a concentrated run of economic data, including August JOLTS job openings, September ADP employment, initial jobless claims, ISM Manufacturing PMI, final second-quarter GDP figures, the August core PCE price index and September nonfarm payrolls. Fed Governor Lisa Cook and Dallas Fed President Logan are scheduled to speak. Micron’s results will offer a gauge of memory-chip demand and the strength of AI-related trading, while Nike’s earnings will provide a read on consumer spending.

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