U.S. Stock Market Performance - U.S. stocks traded higher, with the Nasdaq Composite gaining around 0.2% on Friday [1] - The Dow increased by 0.17% to 47,933.71, while the NASDAQ rose 0.16% to 23,543.03, and the S&P 500 gained 0.15% to 6,867.40 [1] - Communication services shares jumped by 0.9%, while utilities stocks fell by 0.6% [1] Economic Indicators - The U.S. PCE price index increased by 0.3% month-over-month in September, consistent with the previous month and market estimates [2][11] - U.S. personal income rose by 0.4% month-over-month to $26.397 trillion in September [8] Commodity Market - Oil traded up 0.7% to $60.08, gold increased by 0.1% to $4,245.70, silver rose by 2.7% to $59.035, and copper gained 1.2% to $5.4385 [5] Company-Specific Movements - Praxis Precision Medicines Inc shares surged 31% to $248.00 after announcing completion of its pre-NDA meeting with the FDA [9] - DigitalBridge Group Inc shares increased by 32% to $12.86 following reports of SoftBank's interest in acquiring the company [9] - Rubrik Inc shares rose 23% to $86.80 after reporting better-than-expected third-quarter results and raising FY26 guidance [9] - Parsons Corp shares dropped 25% to $62.97 after losing a joint bid with IBM for a new air traffic control system [9] - Sportsman's Warehouse Holdings Inc shares fell 30% to $1.70 after reporting third-quarter results [9] - Domo Inc shares decreased by 23% to $8.87 after reporting third-quarter results and issuing lower-than-expected fourth-quarter sales guidance [9]

Group 1 - The upcoming GDP growth rate update for the last quarter is expected to be a significant economic data release that may impact market sentiment [1] - Investors should monitor updates from several companies including Accenture, AutoZone, BlackBerry, CarMax, Cintas, Costco Wholesale, KB Home, Micron Technology, and Stitch Fix as earnings season has concluded [1] Group 2 - Key market events for the week include the Chicago Fed National Activity Index and a speech from St. Louis Fed President Alberto Musalem on Monday, September 22 [2] - On Tuesday, September 23, August existing home sales and S&P flash updates on U.S. services, manufacturing, and purchasing managers' index (PMI) will be released [2] - Wednesday, September 24, will feature housing data such as August new home sales, MBA mortgage applications, and building permits, along with remarks from San Francisco Fed President Mary Daly [3] - Thursday, September 25, is anticipated to be the busiest day with a GDP update, initial jobless claims, and key August reports on U.S. trade balance in goods, retail and wholesale inventories, and durable goods orders [3] - The week will conclude on Friday, September 26, with reports on August personal income and spending, core and standard personal consumption expenditures (PCE) data, the University of Michigan's Consumer Sentiment Index, and an address from Richmond Fed President Tom Barkin [4]

The University of Michigan’s Consumer Sentiment Index fell to 58.2 in August, down from 61.7 in July and 14.3% lower year-over-year, marking a three-month low. The Current Conditions Index dropped to 61.7 and Expectations to 55.9. Short- and long-term inflation expectations rose to 4.8% and 3.5%, respectively. https://t.co/0cEH3my7q9 ...

Consumer Sentiment - University of Michigan consumer sentiment index reached 61.8 in July, a five-month high [1] - The index is still 16% below December 2024 levels [1] Inflation Expectations - Year-ahead inflation expectations decreased sharply from 5% to 4.4%, the lowest in 2025 [1] - Long-run inflation expectations declined to 3.6% [1]