- The NASDAQ Composite Index broke a three-week losing streak gaining 1.1% last week while the S&P 500 and the Dow Jones Industrial Average extended losses for the fourth straight week.
- The main contributors to the recent pullback in the markets are last week’s announcement that the number of first-time filers for unemployment benefits was slightly higher than expected which has likely dampened recovery sentiment.
- Investors may want to consider good quality corporate bonds or municipal bonds for yield and to help reduce portfolio volatility.
For further details see:
What To Expect From Here - Weekly market Notes September 28, 2020