Stock Market Outlook: September 2023 - NerdWallet

Summary: September marks the resumption of student loan interest and payments, potentially impacting consumer discretionary stocks and benefiting student loan companies, while biotech investors await news on weight loss drugs that could combat obesity.

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Relevant topic timeline:

8/23/2023

America's retailers and restaurants brace for a shock from student loan payments

As student loan payments resume, major retail and food chains in the US are warning investors about a potential slowdown in consumer spending, with retailers like Macy's, Target, and Ulta identified as particularly vulnerable due to their exposure to younger, low-income consumers with student loans.

8/24/2023

Retailers brace for resumption of student loan payments

Major retailers are concerned that the resumption of federal student loan payments in October will decrease profits during the holiday season, as the pause in payments since March 2020 has given Americans more buying power.

9/20/2023

Student Loan Payments Set to Resume in October, Potentially Slowing Economic Growth

The resumption of student loan payments in October is expected to negatively impact American economic growth and could harm borrowers and the wider economy alike, with economists predicting a potential disruption to the growing economy and a reduction in consumer spending.