But options traders are bracing for more action beginning later this month, as investors run a gauntlet of catalysts including Fed Day, a number of key earnings reports, the midterm elections and the October jobs report, ” Amberson told MarketWatch via email.
Many investors have been surprised by the fact that large-cap indexes like the S&P 500 have held up, even as Treasury yields have climbed to their highest levels in decades.
There hasn’t been any major new macro news to drive things, and investors are content to see the banks start reporting later this week before making any new decisions, ” Krinsky wrote in a report shared with MarketWatch.
Stocks finished mixed on Monday, with the Dow Jones Industrial Average climbing, while a selloff in the tech space weighed on the S&P 500 and Nasdaq Composite .