A little fall sunshine

Stocks are coming off a strong week, thanks in large part to a cooler-than-expected inflation reading that prompted hopes of lighter rate hikes from the Federal Reserve. The S&P 500 had its best week since June, while the Nasdaq had its best frame since March. Even with the Democrats holding the Senate there is still strong potential for the GOP to win the House and usher in gridlock in Washington, which would likely limit new regulations and tax increases. Still, Fed officials are cautioning that it could take a while for the central bank to bring inflation to heel. "Quit paying attention to the pace and start paying attention to where the endpoint is going to be. Until we get inflation down, that endpoint is still a ways out there," Fed Governor Christopher Waller said Sunday. $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $S&P 500 Index (.SPX.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$ $Apple (AAPL.US)$