Market Roundup: Markets Mixed for the Week, but Positive for October

Stocks dipped Monday as investors looked ahead to a big week of quarterly reports and the Federal Open Market Committee meeting. The dip continued Tuesday as energy stocks weighed on the market because of a dip in crude oil. Healthcare stocks in the S&P 500 rose the most on Tuesday, up 1.7%. Treasury prices rose as well, pushing the 10-year note’s yield down to 2.03%. When the Federal Reserve decided to keep interest rates on hold and toned down its concerns about global financial markets, investors reacted kindly, pushing the markets higher for the day. Crude Oil also moved higher, bolstering Energy stocks. Trading ended slightly in the red zone on Thursday, as the Commerce Department showed real GDP increased 1.5% in the third quarter, which was well shy of the 3.9% advance during the second quarter. Indices traded into red territory on Friday. Stocks may have dipped for the day, but the markets ended the month well in the green.