Sp 500 stock price banking sector weakness briefly weighed

Banking sector weakness briefly weighed on the "S&P 500 stock price", but quick recoveries in tech heavyweights restored confidence. Financials remain a potential drag unless credit conditions improve in the next Fed cycle. McKesson’s shares gained 11% over the last three months compared with the S&P 500’s decline of 4%. The company possesses a Momentum Score of A. Typically, around this time, we would turn to the Bureau of Labor Statistics' monthly employment report to assess how many jobs the US added in September. Economists polled by FactSet expected the US to have added around 50,000 jobs during the month and for the unemployment rate to have held steady at 4.3%. The "S&P 500 stock price" is trading near 5,073, slightly off its recent record high amid cautious investor sentiment ahead of key inflation data. Market breadth has narrowed as mega-cap tech continues to lead, while cyclical sectors show mixed momentum. Analysts point to strong earnings forecasts in Q3 supporting a potential breakout if economic data remains soft but stable.