After investors faced an onslaught of economic data to wrap up August, a lighter calendar and holiday-shortened week awaits investors as the Federal Reserve’s next interest rate decision quickly approaches.
US markets will be closed on Monday in observation of Labor Day, with updates on the services sector, the Federal Reserve’s latest Beige Book report, and a smattering of corporate earnings serving as highlights in the week ahead.
Stocks closed out the last week of August in rally mode after falling for much of the month.
The Nasdaq Composite (^IXIC) led gains, rising more than 3% last week while the S&P 500 (^GSPC) gained 2.5%. The Dow Jones Industrial Average (^DJI) lagged its peers, rising 1.4%.