112 Albany Street, Cazenovia, NY 13035
(315) 655-2964 Toll Free: 1-800-659-8044



112 Albany Street, Cazenovia, NY 13035



(315) 655-2964 Toll Free: 1-800-659-8044
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The major averages rebounded this week, but the rally today fizzled as the government shutdown continues. The Dow Jones Industrial Average rose 238 points, or 0.51%, to finish at 46,758 after rising over 500 points this morning. The S&P 500 edged out a gain up 44 cents to 6715. The Nasdaq fell 63 points or 0.28%. All three benchmarks hit all-time highs earlier in the session.

On the week, the S&P 500 and Dow rose 1% while the tech-heavy Nasdaq rose 1.3%. The small-cap Russell has jumped nearly 2% on the week.  Palantir led the S&P 500′s pullback, falling 7.5%, while Tesla and Nvidia dropped more than 1% after being up 1% in the morning.

Financials, healthcare and utilities had good days today. Healthcare ETF rose a percent today and up 5% on the week.

No monthly unemployment data due to the government shutdown, but weak service data actually caused rates to move higher. The 10-year Treasury yield rose 2 basis points to 4.1%. The 2-year Treasury yield rose 2 basis points to 3.57% while the 30-year bond yield rose nearly 2 basis points to 4.71%.

In the commodity space, oil was higher today, but down on the week. Gold rose a percent for a seventh straight weekly rise while crypto currencies were higher as well.