Crude, Bond Yields Pressure Wall Street Amid Sour Week

The usual suspects plagued investors on their return from the Labor Day holiday. Oil prices, bond yields, and hotter-than-expected inflation data all teamed up to send stocks lower throughout the week. Despite a Friday reprieve thanks to cooling crude, all three major indexes are headed for back-to-back weekly losses, the Dow pacing for its worst weekly performance since March.

Tech Tales of the Tape

Tech remained allergic to the sidelines. Quantum computing made a great leap forward, as did Meta Platforms (META) with its agentic AI launch and Apple (AAPL) with its foldable iPhone launch. An analyst set a lofty target for Advanced Micro Devices (AMD), while software concern Adobe (ADBE) stumbled out of the earnings confessional. 

Quantitative Signals We're Watching

Labor Day Breaks Up First Full Week of September

With football season in full swing and fall around the corner, all eyes now turn to the Federal Reserve next week. Stocks tend to underperform when the central bank meets, but there could be a caveat next week due to investor caution already bubbling over.