Schwab Market Update Audio

S&P 500 drops for first day in five after as U.S. labor market gauge raises concern over economy, uncertainty over next Fed move.

Surprise OPEC+ cut sends crude futures above $80, fueling inflation concerns.

An unexpectedly large moderation in the Fed’s preferred inflation gauge cheered investors, lifting stocks to their third straight weekly gain. 

Broad-based gains gave the major indexes momentum as the quarter winds down. The tech-focused Nasdaq 100 is now in a bull market. 

Tech heavyweights and regional banks led the major stock indexes higher, but risks remain. 

Major U.S. stock indexes edged lower as renewed concerns about interest rates and economic growth weighed on tech and growth-oriented stocks. 

U.S. stocks rise as the banking industry and regulators extend helping hands to banks struggling with tight money conditions. 

Even with Friday’s gains, the market remains on edge over the banking system, Fed outlook, and the risks of a recession.

Concerns about a potential recession return as investors move on from the Federal Reserve meeting.

The Federal Reserve enacts another quarter-point rate increase, suggesting tightening cycle may be ending, but chair says inflation is still too high.