For the week, the Dow gained 2%, the S&P 500 rose 1.5%, and the Nasdaq climbed 0.75%. U.S. Treasury yields climbed, with the yield on the 10-year Treasury note rising to 3.89%.
Corporate earnings season kicks off next week with several big banks and financial firms, including JPMorgan Chase, Morgan Stanley, BlackRock, and Citigroup, set to report earnings.
Major firms such as PepsiCo, TSMC, Delta Air Lines, and UnitedHealth are also scheduled to release results.
Key reports on consumer and producer inflation, retail sales, and consumer confidence will become available next week.
Next week could also be a big one for cryptocurrency markets, as regulatory changes may be on the horizon.
The G20’s FSB is expected to unveil plans to regulate the crypto and DeFi at the coming G20 meeting in Washington on Wednesday and Thursday.
This week, the United States FSOC called for greater oversight of cryptocurrency markets, particularly more volatile stablecoins.
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Meeting minutes from the FOMC’s latest policy meeting, held September 20-21, will be released Wednesday.