Stock Market Overview
Thu, Sep 29th, 2022
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Stocks Falter as Fed Officials Remain Hawkish
Barchart - Thu Sep 29, 3:54PM CDT
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Thursday closed down -2.11%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.54%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -2.86%.
Stocks on Thursday closed sharply lower, with the S&P 500 falling to a 1-3/4 year low and the Nasdaq 100 dropping to a 3-1/2 month low. Stocks fell on higher T-note yields, which were caused by hawkish Fed comments, record-high inflation in Europe, and stronger-than-expected U.S. economic news. The 10-year German bund yield rose +6.1 bp to 2.181%, and the 10-year T-note yield rose +2.6 bp to 3.757%.
Thursday's weakness in technology stocks also weighed on U.S. stock index futures, with Apple closing down by more than -5% after Bank of America Global Research downgraded the stock to neutral from buy.
St. Louis Fed President Bullard said the Fed expects to tighten policy further in the coming months, and the markets have understood that. He added, "if... Read more
NATO believes Baltic Sea gas pipeline leaks were sabotage
AP - 1 hour ago
COPENHAGEN, Denmark (AP) — The NATO military alliance warned Thursday it would retaliate for any attacks on the critical infrastructure of its 30 member countries and joined other Western officials in...
In one tiny German town, nobody worries about energy bills
AP - 1 hour ago
FELDHEIM, Germany (AP) — Europeans are opening their energy bills with trepidation these days, bracing for hefty price hikes as utility companies pass on the , oil and electricity tied to Russia's war...
Five Reits Investors Are Buying To Help Cushion Their Portfolios
OTOS Inc. - Thu Sep 29, 4:44PM CDT
Stocks that were seen making a rebound halfway through the year have begun sliding again, as ongoing market volatility has sent investors running for the hills, hoping they could shield their portfolios...
Stocks Falter as Fed Officials Remain Hawkish
Barchart - Thu Sep 29, 3:54PM CDT
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -2.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed...
Wall Street drops back to lowest since 2020 as fear returns
AP - Thu Sep 29, 3:35PM CDT
NEW YORK (AP) — Stocks fell broadly on Wall Street Thursday as worries about a possible recession and rising bond yields put the squeeze back on markets.
The DeCarley Perspective...Futures Market Heat Check
DeCarley Trading - Thu Sep 29, 2:33PM CDT
Being a futures broker is nothing like the depiction of the industry in Trading Places (a 1983 film starring Eddie Murphy and Dan Aykroyd).
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