The major U.S. stock indexes closed mixed today, with the Standard and Poor’s 500 ending the session nearly unchanged, dipping less than half a percent to finish at 6,584 points, according to Zacks Investment Research. Meanwhile, the Dow Jones Industrial Average fell by 0.6 percent, dropping 273 points to 45,834, while the Nasdaq Composite gained 0.4 percent to a record closing high of 22,141, fueled by strong tech performance. Most of the market’s movement was shaped by anticipation ahead of the Federal Reserve’s upcoming policy meeting, as traders are nearly certain the central bank will cut interest rates by a quarter point at the conclusion of its two-day meeting on Wednesday, following recent signs of a softening jobs market and cooling inflation pressures. Healthcare, materials, and industrial sectors were today’s laggards, with the Health Care Select Sector SPDR fund down 1.2 percent, materials off 0.8 percent, and industrials slipping 1.0 percent. Eight of the eleven core sectors within the Standard and Poor’s 500 finished in negative territory. On the positive side, technology shares stood out, led by Tesla, which surged over 7 percent, and Microsoft, which climbed nearly 2 percent. Among the most actively traded stocks, Tesla and Microsoft saw significant volume, while no major companies posted large positive earnings surprises today. Consumer sentiment in the United States, as reported by the University of Michigan, dropped to a four-month low of 55.4 in September, reflecting ongoing economic unease. Over the past week, the Standard and Poor’s 500 added 1.6 percent, the Dow rose almost 1 percent, and the Nasdaq advanced 2 percent, underscoring the market’s resilience despite choppy daily trading. Looking ahead, all eyes remain on the Federal Reserve’s rate decision and updated economic projections. Key reports to watch tomorrow include the latest reading on producer prices and industrial production, which could further shape expectations for monetary policy. Outside of economic data, ongoing U.S.-China relations, particularly developments around TikTok, have added to market volatility, with early indicators suggesting pre-market futures are flat to slightly positive. In the coming days, listeners should also watch for preliminary housing data and the Conference Board’s leading index, which recently showed a modest decline. Thank you for tuning in to today’s market update—be sure to subscribe for the latest insights, brought to you by quiet please production. For more, check out quiet please dot ai.
For great deals check out https://amzn.to/403yeYo
続きを読む
一部表示