Good afternoon.
Markets finish mixed, the U.S. avoids a government shutdown, and the fourth quarter officially kicks off.
Let's dive in.
Markets
Here are today's market moves:
What's Happening
U.S. stocks finished mixed on Monday to kick off October and the fourth quarter.
The S&P 500 fell 4.9% in September, its worst month of 2023:
Investors are heading into the final months of 2023 worried that the Fed will keep interest rates higher for longer.
The crypto market fell on Monday, with Bitcoin trading below $28k. The trial of Sam Bankman-Fried starts tomorrow.
Catch Up
The stock market has gained an average of 0.5% in October, per WSJ.
U.S. avoids shutdown. The U.S. avoided a shutdown and extended government funding through mid-November.
The 10-year Treasury yield climbs above 4.7%, the highest level since 2007.
What Else?
