2018 Economic Calendar
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Market Reflections  

October 9, 2018
Optimism among small business owners remains close to 45-year highs despite cooling slightly in September, the NFIB reported in its monthly survey. Owners reporting raising overall compensation to employees reached 37 percent, a record, while finding qualified workers is still one of the chief concerns.

Stocks were under pressure but managed to stage intraday rallies as fears of investor reallocation from stocks to fixed income sparked by the recent jump in interest rates abated somewhat, with the Dow nevertheless ending down 0.2 percent at 26,431 and the Nasdaq ending close to unchanged at 7,738. Treasuries recovered from early weakness, with the 10-year note yield finishing marginally lower at 3.21 percent, while the dollar index fell 0.1 percent to 95.668. Crude oil rose 52 cents to $74.81 per barrel and gold ended up 4.7 dollars at $1,193.30 per ounce.

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