Markets Dip As Nasdaq Leads Losses; Shutdown Deal Offers Hope
1. Senate nears agreement to end government shutdown, boosting market optimism. 2. S&P 500 and Russell 2000 fell 1.6% last week, led by tech stocks. 3. Earnings rose 13.1%, exceeding expectations, but consumer sentiment weakened. 4. P/E ratio for S&P 500 is elevated at 22.7, above historical averages. 5. Market anticipates Federal Reserve interest rate cut ahead of December meeting.