This week, the U.S. stock market navigated through a landscape marked by both political and economic shifts.

Despite getting an extra hour of sleep with the end of daylight savings time, I’m guessing no one was prepared for the tumultuous week we just had.

It was a busy week as five of the most valuable U.S. companies.

The Nasdaq hit an intraday high Friday powered by gains in large-cap technology stocks.

The markets drifted higher this week as the start of earnings announcement season kicked off.

Both the S&P 500 Index and the Dow Jones Industrial Average closed this week at record highs, as financial markets have continued their impressive run in 2024.

Despite finishing the week mostly flat, the fourth quarter got off to a good start as the September jobs report came in unexpectedly strong, and the port strike appears to have been averted.

The personal consumption expenditures (PCE) price index was released by the Commerce Department this week and rose 0.1% in August, which puts the 12-month inflation rate at 2.2%.

The first interest rate cut, since March 2020, is now behind us with more coming in the months ahead.

This week markets rebounded a bit with the pending interest rate cut coming next week.