Expert Insights
Commentary and clips about what's moving the markets - stocks, options, economic data, futures, cryptocurrencies, and more
Markets are closed for the Labor Day holiday Monday, but traders can look toward notable pieces of economic data later in the week.
The Consumer Price Index (CPI) is slated for Thursday, Sept. 10 and the Producer Price Index (PPI) on Friday, Sept. 11 could give further clarity about the effects of inflation for Americans, as well as a window into the prospects of interest rate changes.
Earnings are relatively light this week with quarterly results expected from Oracle (ORCL), Adobe (ADBE), Kroger (KR), GameStop (GME), and Casey’s General Stores (CASY).
Apple (AAPL) is expected to launch new iPhone models and other products at its "Surprise and Shine" event at 1 PM ET Wednesday, September 9.
For more on what the charts indicate for Oracle, see Chart of the Day: Oracle I Morning Movers. For more on GameStop shares, see Monday Market Movers: GME, MAR, BABA.
Economic Calendar Week of Sept. 7
Monday, Sept. 7
- U.S. Labor Day Holiday
Tuesday, Sept. 8
- 06:00 AM: NFIB Business Optimism Index
- 03:00 PM: Consumer Credit
Wednesday, Sept. 9
- n/a
Thursday, Sept. 10
- 08:30 AM: Jobless Claims
- 08:30 AM: Producer Price Index (PPI)
- 10:00 AM: Wholesale Trade
- 10:00 AM: Existing Home Sales
Friday, Sept. 11
- 08:30 AM: Consumer Price Index (CPI)
- 10:00 AM: University of Michigan Preliminary Consumer Survey
- 12:00 PM: World Agricultural Supply and Demand Estimates (WASDE) Report
- 02:00 PM: Monthly Treasury Balance
Earnings Calendar Week of Sept. 7
Monday, Sept. 7
- U.S. Labor Day Holiday
Tuesday, Sept. 8
- Premarket: n/a
- Postmarket: Casey’s General Stroes (CASY), GameStop (GME)
Wednesday, Sept. 9
- Premarket: Chewy (CHWY), Signet Jewelers (SIG)
- Postmarket: American Eagle Outfitters (AEO)
Thursday, Sept. 10
- Premarket: Macy’s (M)
- Postmarket: Adobe (ADBE), Oracle (ORCL)
Friday, Sept. 11
- Premarket: The Kroger Co. (KR)
- Postmarket: n/a
More days than not last week, oil and yields were up, and it was technology stocks that lifted indices and sentiment.
So it's worth taking a breather from labor this holiday weekend to see just where we stand after what feels like an extra-long summer.
Crude oil spiked above $93 per barrel and ended the week above $91, a rise of more than 9% for the week. The Dow Jones Industrial Average ($DJI) fell 0.27%, and the S&P 500 Index (SPX) was up 0.09%. The tech-heavy Nasdaq-100 Index (NDX) rose 0.38%, and the small cap Russell 2000 Index (RUT) rose 0.11%.
The Magnificent 7 stocks were mixed this past week. Meta Platforms (META) jumped 6.7% on the week, Nvidia (NVDA) was up 5.89%, and Tesla (TSLA) rose 1.53%. But Apple (AAPL) shares were flat, Alphabet (GOOGL) fell 2.35%, Microsoft (MSFT) fell 2.69%, and Amazon.com (AMZN) slipped nearly 3%.
Here are four topics that set the scene as markets churn and prepare for Federal Reserve action on interest rates.
About Half the SPX is trading below its 50-day SMA
With a stellar earnings season despite risks posed by rising yields, higher oil prices, and geopolitical tensions, only about 50% of companies in the S&P 500 are trading above their 50-day simple moving average (SMA). That and other moving average data may show the market has lost the breadth that was driving all-time highs in August. See Half of SPX Stocks Below 50-Day SMA, NVDA Buying Hugging Face for $12.93B
Also hear Andrew Arons, Founder of Synergy Advisory Management Group, on fall seasonality risk trends for markets, and why he likes Apple (AAPL), Netflix (NFLX) and The TJX Companies (TJX). Andrew Arons on September Volatility, Buying AAPL, NFLX & TJX
As Oil and Interest Rates Climb, Are Bonds Part of the Portfolio?
With the 30-year Treasury Bond yield touching 5.3%, and the 10-year Treasury hitting above 4.8% this week, the rise in yields and Fed interest rate hike probabilities may be causing jitters, but the economy remains relatively healthy, says Collin Martin, Head of Fixed Income Research and Strategy at Schwab Center for Financial Research. When it comes to the concept of diversification, we still believe there is value in having bonds in a portfolio,” says Kasey McCurdy, Chief Portfolio Strategist at Schwab Wealth Advisory. Why Bonds Remain Crucial for Portfolios as Fed Tilts Toward Rate Hikes
Could the global bond selloff trigger a market pullback? "I don’t believe we are headed toward a crisis. But certainly, a turning point where the game is changing. So, I would see this as a time for a little bit of a reset, to hit the pause button, and make some intentional adjustments,” says Timothy Burklow Sr., Partner and Wealth Advisor at Mainstay Wealth Management at Steward Partners. He ponders the possibility of a 10% pullback in the market by the end of the year. See A Market Turning Point: Bonds, Oil, and the Fed's Next Move
All Eyes Are on Inflation as the Fed Rate Decision Nears
The Conference Board Senior Global Economist Erik Lundh and Scott Martin, a Partner and Chief Investment Advisor at Kingsview Wealth Management, describe the U.S. economy as cooling but not collapsing. They talk about what U.S. unemployment and jobs say about the economy and agree the Fed decision on rates will be clearer after next week's PPI and CPI data reveals a current read on inflation.
As the cost of fuel moves higher due to the U.S.-Iran war, the lasting impact of depleted supplies of oil and refined-products could continue to support free cash flow for domestic refiners, says Rob Thummel with Tortoise Capital. See Lasting Energy Chokeholds Present Buy Opportunities Across Energy Sector, Tortoise Capital Says.
Technology Earnings Reports Were Mostly Positive
The week started with the outlook for software stocks in anticipation of Snowflake (SNOW), MongoDB (MDB), and Docusign (DOCU) results. See Software Stocks Show Resilience After Volatility in 2026
By Thursday, Snowflake's results were the story, with a stock price surge after positive results. See Stock Market Today: LULU Earnings Plunge, AVGO Slides, SNOW Surges
- For more technology insights, see Technology | Schwab Network
- For more on earnings coverage from this past week, see Earnings | Schwab Network
