Market Review: September 22, 2023

Closing Recap Friday, September 22, 2023 Index Up/Down % Last DJ Industrials -105.98 0.31% 33,964 S&P 500 -9.96 0.23% 4,320 Nasdaq -12.18 0.09% 13,211 Russell 2000 -5.32 0.30% 1,776                   Stocks weak to close out the day, closing near the lows for a third straight day in what was a rough week … Read More

Mid-Morning Look: September 22, 2023

Mid-Morning Look Friday, September 22, 2023 Index Up/Down % Last DJ Industrials 38.32 0.11% 34,106 S&P 500 19.41 0.45% 4,349 Nasdaq 112.19 0.84% 13,335 Russell 2000 3.35 0.19% 1,785     U.S. stocks with an early bounce after tumbling this week (Nasdaq, S&P are both down over 2% WTD) as a small pullback in Treasury yields, after posting highest levels … Read More

Morning Preview: September 22, 2023

Early Look Friday, September 22, 2023 Futures Up/Down % Last Dow 44.00 0.13% 34,381 S&P 500 11.25 0.27% 4,383 Nasdaq 71.50 0.48% 14,934     U.S. futures are looking at a modest bounce to start the day after closing at the lows the last two days in a brutal sell-off following central bank action this week. The Nasdaq 100 (QQQ) … Read More

Market Review: September 21, 2023

Closing Recap Thursday, September 21, 2023 Index Up/Down % Last DJ Industrials -370.40 1.08% 34,070 S&P 500 -72.24 1.64% 4,329 Nasdaq -245.14 1.82% 13,223 Russell 2000 -28.15 1.56% 1,781                   Stocks fall/settle below the August lows! The weakness on Wednesday following comments by Fed Chairman Powell and the FOMC policy statement carried … Read More

Mid-Morning Look: September 21, 2023

Mid-Morning Look Thursday, September 21, 2023 Index Up/Down % Last DJ Industrials -96.90 0.28% 34,341 S&P 500 -34.92 0.79% 4,367 Nasdaq -148.49 1.10% 13,321 Russell 2000 -23.21 1.28% 1,786     U.S. stocks down about 85-points at lows since the FOMC decision/commentary late yesterday as a further spike in Treasury yields not helping stock market sentiment. New highs for the … Read More

Morning Preview: September 21, 2023

Early Look Thursday, September 21, 2023 Futures Up/Down % Last Dow -137.00 0.39% 34,592 S&P 500 -25.25 0.57% 4,421 Nasdaq -115.50 0.76% 15,037     U.S. stock futures are pointing to a lower open, adding to yesterday weakness as markets closed at the lows Wednesday following central bank action. U.S. stocks finished lower on Wednesday, hitting the lowest closing levels … Read More

Market Review: September 20, 2023

Closing Recap Wednesday, September 20, 2023 Index Up/Down % Last DJ Industrials -76.85 0.22% 34,440 S&P 500 -41.70 0.94% 4,402 Nasdaq -209.06 1.53% 13,469 Russell 2000 -16.42 0.90% 1,810                   Higher for longer! After holding steady ahead of the FOMC rate meeting, stock prices dropped following the release of results. The Federal … Read More

Mid-Morning Look: September 20, 2023

Mid-Morning Look Wednesday, September 20, 2023 Index Up/Down % Last DJ Industrials 154.03 0.45% 34,672 S&P 500 10.95 0.25% 4,454 Nasdaq 7.37 0.05% 13,685 Russell 2000 14.53 0.79% 1,841     Waiting game begins for the FOMC policy meeting and rate headlines at 2pm and Fed Chairman Powell press conference at 2:30pm. Bonds rising early as yields broadly lower today … Read More

Morning Preview: September 20, 2023

Early Look Wednesday, September 20, 2023 Futures Up/Down % Last Dow 74.00 0.21% 34,891 S&P 500 8.25 0.18% 4,498 Nasdaq 21.50 0.14% 15,396     U.S. futures with a modest bounce overnight ahead of todays FOMC policy meeting results at 2:00pm and Fed Chairman Powell’s press conference following at 2:30pm. No changes to rates are widely expected but markets are … Read More

Market Review: September 19, 2023

Closing Recap Tuesday, September 19, 2023 Index Up/Down % Last DJ Industrials -106.04 0.31% 34,518 S&P 500 -9.49 0.21% 4,444 Nasdaq -32.05 0.23% 13,678 Russell 2000 -7.77 0.42% 1,826                   U.S. stocks finish lower on light news flow as we await the FOMC tomorrow at 2pm and the more important Chair Powell … Read More