Company / Analytics

Analytics, 02 October 2022

Week 39 in brief

North America

Stocks on Wall Street closed lower on Friday, ending the third consecutive week in losses. Friday also concluded the third successive quarter in losses for wall street stocks, the longest losing streak for the S&P and the Nasdaq since the Great Recession, and the Dow’s longest in seven years.

The US dollar also flirted with its 20-year highs in the week, further adding pain to stocks’ performance. Rampant inflation has been a key factor in this year’s dismal performance in stocks and a closely-watched measure of US inflation released Friday showing the annual pace of price increases slowing down slightly in August compared with the prior month was highly welcomed. It was however not enough to push stocks to positive territory.

How did the major US indices perform

On Friday:

For the week:

What drove the US market

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities


Next week

The U.S. labor market could take the spotlight next week, with the release of the Labor Department’s nonfarm payrolls report for September, its August Job Openings and Labor Turnover Survey (JOLTS), and ADP’s private-sector payrolls report. The reports could show how well the labor market has held up against the Fed’s more hawkish monetary policy moves.

Purchasing Managers’ Index (PMI) survey readings from S&P Global and the Institute for Supply Management (ISM) will offer updates on the recent performance of the U.S. manufacturing sector.

As earnings season approaches, we can also expect key earnings reports from denim maker Levi Strauss and beverage giant Constellation Brands.

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