What you need to know for next week:
- Watch for the Conference Board’s consumer confidence report on Tuesday morning at 10 a.m. While the University of Michigan’s report is considered the gold standard, this report is conducted in partnership with the online platform Toluna and surveys consumers on their assessments of the labor market and their own finances.
- Personal Consumption Expenditures price index is scheduled for release on Wednesday at 8:30 a.m. along with Gross Domestic Product data for the second quarter. GDP metrics are the all-inclusive figures for total economic activity and represent the country's production during the period. The PCE is the Federal Reserve’s preferred measure of inflation.
- The jobs report, formally known as the Employment Situation, is slated for release on Friday, also at 8:30 a.m. It’s the most closely watched of all economic indicators and provides monthly insights into the strength of the economy.
What else happened this week:
| Past week | Year-to-date | 5-year | |
|---|---|---|---|
| S&P 500 | 1.2% | 13.1% | 73.8% |
| Oil (WTI crude) | –8.1% | 59.1% | 24.7% |
| Gold (New York) | –2.2% | –1.3% | 146.9% |
| Bitcoin | 3.4% | –4.1% | 96.5% |
Source: Yahoo Finance, as of September 25, 2026.
- The trading week was marked by rising Treasury yields, renewed inflation concerns, and ongoing uncertainty surrounding the US-Iran conflict. While stocks remained relatively resilient early in the week, pressure from higher interest rates and rising energy prices weighed on sentiment heading into the weekend.
- US stocks finished the week mixed with investors balancing solid economic data against a sharp rise in bond yields. The S&P 500 remained near record levels but faced pressure from the 10-year Treasury yield, which climbed above 5.1% in the week, its highest level since 2007.
- The bond market was a major focus. Treasury yields surged as stronger-than-expected economic data reinforced expectations that monetary policy could remain restrictive for longer. The 30-year Treasury yield climbed to at least 5.4% during the week, its highest level since 2004.
- Oil prices moved sharply higher as investors closely followed developments related to the US-Iran conflict and concerns about global energy supplies. Brent crude briefly traded above $106 per barrel during the week, while West Texas Intermediate crude approached the mid-$90s range. Reports of potential diplomatic discussions at the United Nations summit later in the week helped moderate prices.
- Gold experienced a volatile week as competing forces influenced investor demand. Safe-haven interest related to the US-Iran conflict provided some support, but sharply higher Treasury yields and a stronger US dollar created headwinds for the precious metal.
- Cryptocurrencies came under pressure as rising Treasury yields reduced appetite for risk assets. Bitcoin pulled back during the week after reaching recent highs, with investors responding to growing expectations of additional policy tightening.