FactSet Evening Market Recap
StreetAccount U.S. Evening Market Recap is FactSet's daily podcast aiming to capture the most material market moving news. With a target time of ~5 minutes, this is an ideal listen for those looking to stay connected to the most important themes driving the U.S. economy & corporations.
Episodes
Evening Market Recap - Tuesday, 13-Oct
US equities finished mostly lower in Tuesday trading, though downside was very limited and S&P gainers outnumbered decliners. More broad pressure across the AI complex, particularly on semicaps and memory.
Evening Market Recap - Monday, 12-Oct
US equities were mostly lower in Monday trading, though S&P gainers handily outnumbered decliners. The AI trade was under pressure with memory an outsized laggard on density progress highlighted by China's CXMT. Oil was higher following ramp in Middle East hostilities over the weekend along with skepticism surrounding Trump's diesel deal with Russia.
Weekly Market Recap - Friday, 9-Oct
US equities were mostly higher this week following last week's mostly lower performance. AI sentiment turned more volatile, though the underlying compute-demand narrative is still intact. Middle East escalation again challenged the improving energy-flow backdrop, keeping oil volatile.
Evening Market Recap - Thursday, 8-Oct
US equities were lower in Thursday trading in a somewhat choppy session. However, breadth was positive, and the equal-weight S&P outperformed official index by over 100 bp. The AI trade led to the downside as semi and memory sold off sharply lower.
Evening Market Recap - Wednesday, 7-Oct
US equities were lower in Wednesday trading, though ended just off best levels. The session found late support as the rate backdrop stabilized, aided by factors including lower crude and a well-received 10Y auction. However, broader overhangs persist, including French bonds, foreign Treasury demand retrenchment, refinancing walls, and growing AI external funding needs.
Evening Market Recap - Tuesday, 06-Oct
US equities were higher in Tuesday trading as stocks extended Monday's gains. A very quiet session though better breadth a big theme again today following all the recent scrutiny surrounding market internals.
Evening Market Recap - Monday, 05-Oct
US equities were higher in Monday trading as stocks finished not far off best levels. Oil was on the defensive with more push and pull between better flows and lack of diplomatic traction. September ISM services were slightly below consensus.
Weekly Market Recap - Friday, 2-Oct
Major US equity indices were mostly lower this week. Nearer-term Fed rate-hike expectations eased this week with a lot of attention on NY Fed President Williams' comments Tuesday about no need for urgency following September's hike. Another big factor in that downshift was Friday's softer-than-expected September payrolls release.
Evening Market Recap - Thursday, 1-Oct
US equities were higher in Thursday trading, with the equal weight S&P slightly outperforming the cap-weighted index. Yields provided some offset for higher oil amid fading diplomatic momentum and concerns about US-Iran re-escalation.
Evening Market Recap - Wednesday, 30-Sep
US equities mixed in Wednesday trading, ending off their best levels. The Mag 7 outperformed today, providing some support. However, breadth was negative again amid the continued debate about how the divergence between weak breadth and index-level resilience gets resolved
Evening Market Recap - Tuesday, 29-Sep
US equities ended lower in Tuesday trading, though off from worst levels. A lot of focus remained on bond yield backup, though there are several moving pieces there. It was a busy day of AI headlines, with initial focus on a report of Anthropic IPO details and OpenAI's decision to scrap the planned October release of GPT-6.1 Astra.
Evening Market Recap - Monday, 28-Sep
US equities were lower in Monday trading. Higher yields were once again in focus with the 10Y near its highest level since 2006 and the 30Y earlier hitting a fresh post-2004 high. This comes amid noisy headlines about possible US-Iran diplomatic progress.
Weekly Market Recap - Friday, 25-Sep
The S&P 500 and Nasdaq were both higher this week. Nasdaq closed at fresh record levels earlier this week, while the S&P finished the week less than 1% from its August record close.
Evening Market Recap - Thursday, 24-Sep
US equities were mixed in Thursday trading. Stocks bounced off of session lows following a Reuters report that stated that the US and Iran were exploring a phased deal to end conflict. Other areas of focus included the Trump/Xi summit, AI product discounting, and ramping buyback blackout.
Evening Market Recap - Wednesday, 23-Sep
US equities were lower in Wednesday trading. Bond yield backup and further bearish flattening was the big story today. The move was triggered by hotter September flash PMIs.
Evening Market Recap - Tuesday, 22-Sep
US equities mixed in Tuesday trading, though off worst levels. A few moving pieces today with AI, geopolitics/energy and rates among some of the higher-profile areas of focus.
Evening Market Recap - Monday, 21-Sep
US equities were higher in Monday trading as stocks ended near best levels. AI trade extended its rebound from recent pacing worries with focus on agent momentum. Rates were likely helped by oil’s move amid some hawkish post-FOMC Fedspeak.
Weekly Market Recap - Friday, 18-Sep
Major US equity indices were mostly lower this week, though the Nasdaq Composite logged a weekly gain. AI had an up-and-down week with some notable Monday and Tuesday softness coming after Anthropic's Dario Amodei last weekend released a call for a slower pace of frontier evolution, citing cybersecurity concerns and worries about unchecked recursive self-improvement. The FOMC this week hiked rates
Evening Market Recap - Thursday, 17-Sep
US equities were higher in Thursday trading. Oil was a tailwind (though ended the day off its lows) despite mixed takeaways from the latest Middle East updates. Other areas of focus included positive AI updates, largely upbeat sell-side conference takeaways, and next week's Trump-Xi summit.
Evening Market Recap - Wednesday, 16-Sep
US equities were down in Wednesday trading, rebounding a bit from their worst levels after somewhat hawkish remarks from Warsh post-FOMC. The Fed raised rates by 25 bp as widely expected, while dot plot showed one additional rate hike for 2026 and nothing more in 2027. Market still pricing in 25 bp of hikes through year-end.
