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Stock impact report

Stocks face another turbulent week as the third quarter winds down [CNBC]

Aurora Cannabis Inc. - Common Shares (ACB)  More Company Research Source: CNBC
PDF The Federal Reserve stays front and center again in the coming week, with Chairman Jerome Powell testifying before Congress and a host of other Fed officials speaking at events. There is some data including durable goods, PCE inflation data and ISM manufacturing. Congress must address an appropriations bill in the coming week or the government could shut down by next Friday. After recent turbulence, markets are likely to close out the final week of the third quarter with another bout of volatility. Stocks in the past week traded with big extremes. First, fears of financial contagion coming from Chinese developer Evergrande sent stocks skidding Monday. Losses were reversed by Thursday, when the market ripped higher. The S&P 500 and the Dow Jones Industrial Average were positive for the week, while the Nasdaq eked out a gain. “I think this market turmoil has yet to conclude,” said Sam Stovall, CFRA chief investment strategist. “Certainly September is doing what it normally does. It [Read more]
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