Columbus Day arrives this year after investors navigated choppy waters last week.
The
S&P 500
marked its largest two-day gain since April 2020 on Tuesday, after a weak ISM manufacturing activity report and other economic data suggested the Federal Reserve might ease future interest-rate hikes. But such a move seemed unlikely by Friday, when stocks sank after the Labor Department released a strong September jobs report. Despite Friday’s selloff, the major indexes posted weekly gains, with the
Dow Jones Industrial Average
the S&P 500, and the
Nasdaq Composite
climbing 2%, 1.5%, and 0.7%, respectively.
Source: https://www.barrons.com/articles/stock-market-open-closed-today-columbus-indigenous-peoples-day-51665255533?siteid=yhoof2&yptr=yahoo