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Equity markets finished lower for the week, with heightened concerns surrounding a government shutdown, hawkish forecasts from the Federal Reserve, rising U.S. Treasury yields, a softening labor market, and weakening consumer activity. The continuing United Auto Workers’ strike has also sparked worries on how it could weigh on the markets.
Equity markets finished last week mixed, with value stocks outperforming growth, and large-caps outperforming mid and small-caps. Ultimately, the Dow Jones Industrial Average finished 0.14% higher, while the S&P 500 Index and NASDAQ finished -012% and -0.37% lower, respectively.