Columbus Day arrives this year after investors navigated choppy waters last week.
marked its largest two-day gain since April 2020 on Tuesday, after a weak ISM manufacturing activity report and other economic data suggested the Federal Reserve might ease future interest-rate hikes. But such a move seemed unlikely by Friday, when stocks sank after the Labor Department released a strong September jobs report. Despite Friday’s selloff, the major indexes posted weekly gains, with the
Dow Jones Industrial Average
the S&P 500, and the
climbing 2%, 1.5%, and 0.7%, respectively.