THE MONDAY SQUAWK FROM CNBC1. Investors look for October rebound Investors are hoping this month ends up better than the last one. The first trading week of October starts after U.S. equities saw their worst month of the year in September. The
Dow Jones Industrial Average fell 3.5% for the month, while the
S&P 500 and the
Nasdaq Composite dropped 4.9% and 5.8%, respectively. Markets avoided one potential negative as Congress prevented a government shutdown over the weekend. Multiple labor market data points are due this week, including the September jobs report on Friday.
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October has arrived with a thud. Will it continue? Maybe Sherritt will go up this time. It's gone down while everyone else went up in the past, so who knows? It could be a contrarian type player and do the opposite of the market.
Don't hold your breath though....