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Stock Market Overview

Wed, Sep 18th, 2024
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Stocks Jolted By Fed's 50-Basis Point Rate Cut


The S&P 500 Index ($SPX) (SPY) today is up +0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.25%.

Stocks today have erased knee-jerk gains after the initial 2:00 PM Eastern announcement and are trading close to the flat line again after the FOMC opted to cut interest rates by 50 basis points. The markets will now look to today’s post-meeting comments from Fed Chair Powell to see why policymakers bypassed a more typical -25 bps cut in the fed funds target range and opted for a larger -50 bps rate cut instead.  Also, fresh quarterly projections in the form of the Fed’s “dot plot” will offer further insight into the path of interest rates and the economy. 

Today’s reports showed that US housing starts and building permits for August were better than expected, bolstering the prospects for a soft landing and supporting stocks. US MBA mortgage applications rose +14.2% in the week ended September 13, with the... Read more

Federal Reserve cuts key rate by sizable half-point, signaling end to its inflation fight

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully...

$SPX : 5,618.26 (-0.29%)
$DOWI : 41,503.10 (-0.25%)
$IUXX : 19,344.49 (-0.45%)
Teamsters union declines to endorse Trump or Harris for president

The International Brotherhood of Teamsters has declined to endorse Kamala Harris or Donald Trump for president, saying neither candidate has sufficient support from the 1.3 million-member union

$SPX : 5,618.26 (-0.29%)
$DOWI : 41,503.10 (-0.25%)
$IUXX : 19,344.49 (-0.45%)
Stock market today: Wall Street wavered near its records after Fed delivers a big cut to rates

Wall Street wavered near its records after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates

ME : 0.3354 (-1.70%)
MSFT : 430.81 (-1.00%)
MGRC : 98.99 (-3.13%)
TUP : 0.4715 (-7.53%)
$SPX : 5,618.26 (-0.29%)
$DOWI : 41,503.10 (-0.25%)
$IUXX : 19,344.49 (-0.45%)
Microsoft Unveils $60 Billion Stock Buyback: Time to Buy MSFT Stock?

One of the magnificent 7 stocks, Microsoft Corporation MSFT, is part of the $3 trillion club as its shares have seen an impressive run over the past few years. However, after hitting a record high on July...

AMZN : 186.43 (-0.24%)
AAPL : 220.69 (+1.80%)
MSFT : 430.81 (-1.00%)
NVDA : 113.42 (-1.88%)
META : 537.95 (+0.30%)
Time to Buy China ETFs Following Billionaire Investors?

Concerns over China’s economic challenges remain rife as the year 2024 reaches its final three months. In recent years, investing in Chinese stocks has proven extremely challenging for bullish investors....

SPY : 561.40 (-0.30%)
KTEC : 10.96 (-1.39%)
FXI : 26.19 (-0.57%)
MCHI : 41.27 (-0.48%)
JD : 26.92 (unch)
BABA : 84.42 (-0.33%)
CHIQ : 16.50 (+0.49%)
PGJ : 21.99 (-0.86%)
YINN : 21.80 (-1.45%)
BABX : 17.27 (-0.69%)
Study: Merck and Daiichi's Lung Cancer Treatment Shows Promise

Merck MRK announced that a phase study evaluating its Daiichi Sankyo-partnered HER3-directed DXd antibody drug conjugate (ADC), patritumab deruxtecan, for treating EGFR-mutated non-small cell lung cancer...

AZN : 78.58 (+0.06%)
PFE : 29.75 (-0.27%)
MRK : 118.64 (+0.30%)
LLY : 904.97 (-0.13%)

52 Week New Highs & Lows

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Today's New Highs & Lows

HIGHS LOWS DIFF
5-Day 2,445 675 1,770
1-Month 1,161 210 951
3-Month 600 101 499
6-Month 460 76 384
52-Week 377 55 322
YTD 401 65 336

Top Performing Sectors

Top 100 Stocks

(Sorted by Daily Weighted Alpha)

Market Momentum

NYSE AMEX NASDAQ
Issues Up 1,246 102 1,782
Issues Down 669 99 1,261
Issues Unch 27 12 109

S&P Sectors Market Map

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BREAKING 🚨: U.S. Dollar Index $DXY falls below 100 for the first time since July 2023 https://t.co/Vkq6RNjJV5 https://t.co/AVQRHOoBJ9
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Fund Manager allocation to commodities is at its lowest level since June 2017 👀 https://t.co/1YVIeR7gSs
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JUST IN 🚨: Gold jumps to new all-time high https://t.co/QoZoWTjmj1 https://t.co/9nkrugm4gm
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Small Cap Stocks $IWM getting sent 🚀 https://t.co/lcg5n79Ml5
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Tech Stocks jumping $QQQ after the Federal Reserve cut interest rates by 50 bps https://t.co/uCKn2TISb9
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JUST IN 🚨: Federal Reserve cuts interest rates by 50 bps https://t.co/sm3tILTzRK
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Source: @VisualCap
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S&P 500 $SPX Returns after Rate Cuts - 3 months, 6 months, and 1 year https://t.co/5KQuR9NU7L
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JUST IN 🚨: S&P 500 $SPX hits new all-time high of 5,670.81 https://t.co/D3P5h1CzbZ https://t.co/VbZIQhlpxJ
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We did it!! Greed hits the Stock Market for the first time since August 🥳🫡🫂 https://t.co/KBrxiaO2w4
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