Thursday 7 October 2021

Markets mixed, “roller-coaster market to stick around”

Markets were mixed on Wednesday.

The S&P 500 rose 0.4 percent but the STOXX Europe 600 fell 1.0 percent and the Nikkei 225 fell 1.1 percent.

News that Senate Minority Leader Mitch McConnell would offer a short-term debt ceiling extension later Wednesday helped shore up US stocks.

Still, some analysts remain cautious on market prospects.

“We expect the October roller-coaster market to stick around for a bit longer,” said Ryan Detrick of LPL Financial.

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