The U.S. equity markets opened in the red, with the Russell 2000 worst off. Gold hit a new record above $3,750/oz, while Crude Oil dropped to $62.01. Goldman Sachs raised S&P 500 target to 7,200, Atlanta Fed Governor Bostic hinted at one rate cut, and Pfizer acquired Metsera for $7.3 billion. Piper Sandler upgraded Tesla to $500. Chicago Fed National Activity was at -0.12, and U.S. businesses advise foreign-born workers to stay due to H-1B visa changes. All four major indexes are down, but not far off recent records. This week marks the end of the third quarter, with bullish investors benefiting from the Fed’s easing cycle. Earnings are light, and the Chicago Fed National Activity Index is the main economic data today. Five Fed Governors are expected to speak, with potential market-moving commentary from the President amid H-1B visa fee reports and the UN General Assembly.

Read more at Yahoo Finance: Stocks Sag As Last Full Trading Week of Third Quarter Kicks Off