Market Rollercoaster 🎢: Dow's Weekend Win Amid Nasdaq Nosedives & S&P Slumps!

4:18pm: While the Dow danced its way to a weekly win, Nasdaq and S&P took the limelight for back-to-back weekly blips. Inflation chat and interest rates dominate investor whispers. AXS Investments’ Greg Bassuk unpacks: "Investor moods swung between inflation surprises and Fed's anticipated move based on August data."

12:05pm: Wall Street's jittery tango continues with all eyes on the Federal Reserve's rate verdict. Bryce Doty of IG observes: "Soaring oil prices, car maker strikes, and a whopping $4 trillion expiration cocktail set the tone for a bumpy ride ahead of FOMC's decision." Adobe makes headlines, sliding 4% despite smashing Q3 estimates - that forward guidance, though! 😬

9:41am: The opening bell rings, and the stocks play it cool after a strong run. Economic results show some muscle-flexing, with a resilient industrial production growth. On the IPO front, Instacart ups its share game after Arm’s stellar debut – chipmaker stock continues its skyward trajectory, up by 4.75%.

7:00am: Good morning Wall Street! Gearing up for a steady day, the market buzz is filled with tales of robust global economic signals, notably from China's end. But, be wary - it's the "triple witching" hour! As per Nomura, the September stock option expiration has a history of making the S&P 500 blink.

Arm's IPO? It’s not done making headlines – up by a further 7% pre-market. Meanwhile, United Auto Workers stir up the auto scene, sidelining GM, Ford, and Stellantis. Speaking of headlines, Disney squashes Bloomberg buzz about ABC's potential sale, dubbing it "unfounded". 🎭

Settle in for a Friday filled with drama, data, and maybe a tad too much coffee. ☕ Cheers to the ups and downs! 🚀📉

‍

Disclaimer: This is made for entertainment purposes only. This is no financial advice.

‍