A notable development in the stock market in early October 2024 is the increased volatility driven by concerns over upcoming economic data and geopolitical tensions. Key events that investors are closely watching include the U.S. employment report and the Consumer Price Index (CPI), both of which may provide clues about future Federal Reserve interest rate decisions. As a result, major indices like the Dow Jones and S&P 500 closed lower recently, with tech giants and consumer stocks showing mixed performance​

Additionally, a rise in oil prices due to Middle Eastern geopolitical conflicts is putting upward pressure on energy stocks, while other sectors, such as consumer staples and materials, have taken a hit. This has created an atmosphere of cautious trading as market participants brace for potential economic surprises