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In September, the SPX index was up by 1.59%, the market rebounded from a weak start, supported by the Federal Reserve's 50 basis point rate cut, upbeat corporate earnings, and optimism for a soft landing. Investors were encouraged by cooling inflation, as seen in the August PCE index's 0.1% rise, raising hopes for more rate cuts. The focus now shifts to the September jobs report and key earnings from companies like Nike and Carnival. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 1.40%, with Bitcoin and Ether dropping by 1.57% and 1.53%, respectively in the past 24 hours.
Today's top performer is ARKM, which surged 1.5% following the announcement of Arkham's CAMPUS, a tech and culture pop-up in Punta Cana.