Stock Market Overview
Thu, Sep 19th, 2024
Go To:
Premier Members can get their watchlist or portfolio delivered via email up to 5 times a day. Learn More >>
S&P 500 Falls from a Record High on Hawkish Powell
Barchart - Wed Sep 18, 3:45PM CDT
The S&P 500 Index ($SPX) (SPY) Wednesday closed down by -0.29%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.45%.
Stocks on Wednesday gave up mid-session gains and turned lower as hawkish comments from Fed Chair Powell pushed bond yields higher and sparked the selling of chip stocks when he said the Fed was in no rush to ease monetary policy.
Stocks initially rallied Wednesday afternoon, with the S&P 500 and Dow Jones Industrials climbing to new record highs and the Nasdaq 100 climbing to a 3-week high. The FOMC’s decision Wednesday to cut the fed funds target range by -50 bp and project another -50 bp worth of rate cuts by year-end pushed stock prices higher. Also, Wednesday’s US housing starts and building permits reports were better than expected, bolstering the prospects for a soft landing and supporting stocks.
The FOMC voted 11-1 to cut the federal funds target range by -50 bp... Read more
Sri Lanka's presidential election a test for current leader, 2 years after its economy hit bottom
AP - 5 minutes ago
Sri Lankans who usually vote along religious and ethnic lines will be keeping another factor in mind when they vote Saturday on a new president
Bank of England widely expected to hold interest rates despite big US Fed cut
AP - 12 minutes ago
The Bank of England is widely expected to keep interest rates unchanged later Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four...
Stock market today: World markets shoot higher after Fed's first rate cut in over 4 years
AP - 25 minutes ago
Markets in Europe and Asia have shot higher after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates
Amazon Boosts Worker Pay as Labor Union Pressure Grows
Quiver Quantitative, Inc. - Thu Sep 19, 2:04AM CDT
Amazon (AMZN) announced it will raise the pay of its U.S. fulfillment and transportation workers by at least $1.50 per hour, bringing base salaries to more than $22 per hour. The wage increases are part...
European Publishers Reject Google’s Offer to Sell AdX, Seeking Broader Divestment
Quiver Quantitative, Inc. - Thu Sep 19, 1:48AM CDT
Alphabet’s Google (GOOGL) made a significant concession earlier this year by offering to sell its AdX marketplace to end an EU antitrust investigation. However, European publishers rejected the offer,...
Potential Dockworkers’ Strike Forces Importers to Divert Cargo
Quiver Quantitative, Inc. - Thu Sep 19, 1:48AM CDT
U.S. importers are rushing to bring in goods ahead of a potential strike by dockworkers at major East Coast and Gulf Coast ports, which could severely disrupt supply chains. With the current labor contract...
Sectors sorted by Daily Weighted Alpha Change
/Palantir%20(PLTR)%20by%20Piotr%20Swat%20via%20Shutterstock.jpg)
