September has historically been a month of uncertainty for stocks, with October garnering the reputation as the "jinx month" among investors. Yahoo Finance's Jared Blikre reports live from the New York Stock Exchange to review how stocks fared in the last month of 2023's third quarter. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The 2023 fiscal year has brought many surprises upon investors — some more welcome than others, such as August's PCE report pointing to cooling inflation. Some investors are concerned with all the recent headwinds and volatility in the market, wondering where they should park their money. Interactive Brokers Chief Strategist Steve Sosnick joins Yahoo Finance to break down recent market developments and offer insights to investors as to where they should be paying attention. "If the market is reassessing the risk/reward, you should be doing the same," Sonick says on short-term investing. Commenting on the direction of interest rates in 2023, Sosnick is looking to keep investments in cash, since "you're getting some yield. Actually if inflation is quiet, we get real yield. You're not even losing money vis-a-vis inflation". For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Big gains in tech stocks, from cloud computing and generative AI giant Microsoft to digital transformation play ServiceNow to Palantir Technologies, a favorite among individual investors that went public less than three years ago, have excited investors. Judging by the past several months of action in the stock market, indeed it appears the animal spirits have returned — and even sticking around a little longer. In July, the S&P 500 gained another 3.1%, the Nasdaq composite 4%, and the Dow Jones Industrial Average of blue chip names nearly 3.4%.