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Weekly Financial Market Update - September 25, 2020

Christopher LaPorta

September 28, 2020

Greater than expected jobless claims and skepticism in Congress that a new stimulus deal could be reached by the November election weighed down on equities this week. The S&P 500 and Dow Jones equity indexes experienced their fourth consecutive weekly decline. 

U.S. home sales surged to their highest level in nearly 14 years in August as the housing market continued to outperform the overall economy. 

Orders for long-lasting factory goods increased for the fourth consecutive month in August, a sign of the manufacturing industry’s continued recovery from COVID-19-related disruptions.

Learn more in our Weekly Financial Market Update