Market Review: September 23, 2022

Closing Recap Friday, September 23, 2022 Index Up/Down % Last DJ Industrials -483.83 1.61% 29,592 S&P 500 -64.50 1.72% 3,693 Nasdaq -198.88 1.80% 10,867 Russell 2000 -42.72 2.48% 1,679   Equity Market Recap ·     US equities faced another day of risk-off selling following the Fed’s recent raise and hawkish commentary. Also weighing on sentiment was another set of S&P year-end target reductions … Read More

Mid-Morning Look: September 23, 2022

Mid-Morning Look Friday, September 23, 2022 Index Up/Down % Last   DJ Industrials -423.07 1.41% 29,653 S&P 500 -64.18 1.71% 3,693 Nasdaq -202.04 1.83% 10,864 Russell 2000 -46.44 2.70% 1,675     U.S. stocks move lower Friday, as the Dow drops 300 points, breaking below 30,000 on fear the Fed is overdoing its inflation fight, while the US dollar surged … Read More

Morning Preview: September 23, 2022

Early Look Friday, September 23, 2022 Futures Up/Down % Last Dow -353.00 1.17% 29,795 S&P 500 -47.25 1.26% 3,724 Nasdaq -162.50 1.40% 11,403     U.S. stock futures are looking much lower yet again, down more than 1% as Treasury yields extend their rise with the 10-year yield at 3.77% and the 2-year around 4.2%, still feeling the effects from … Read More

Market Review: September 22, 2022

Closing Recap Thursday, September 22, 2022 Index Up/Down % Last DJ Industrials -107.69 0.36% 30,076 S&P 500 -32.08 0.85% 3,757 Nasdaq -153.39 1.37% 11,066 Russell 2000 -39.85 2.26% 1,722   Equity Market Recap ·     It was another brutal trading session for major averages with every “buy on the dip” met with additional selling pressure (including erasing a late day rally in … Read More

Mid-Morning Look: September 22, 2022

Mid-Morning Look Thursday, September 22, 2022 Index Up/Down % Last   DJ Industrials -46.94 0.16% 30,136 S&P 500 -17.81 0.47% 3,772 Nasdaq -107.37 0.96% 11,112 Russell 2000 -24.57 1.39% 1,737     U.S. stocks on track for another sharp decline after the Fed’s call on rates yesterday “higher for longer” was much hawkish then even some of the most aggressive … Read More

Morning Preview: September 22, 2022

Early Look Thursday, September 22, 2022 Futures Up/Down % Last Dow 63.00 0.21% 30,345 S&P 500 4.25 0.12% 3,808 Nasdaq 7.50 0.07% 11,717     U.S. equity futures are edging higher after stocks tumbled Wednesday, and the dollar gained as Fed Chair Jerome Powell vowed officials would crush inflation after they raised interest rates by 75 basis points for a … Read More

Market Review: September 21, 2022

Closing Recap Wednesday, September 21, 2022 Index Up/Down % Last DJ Industrials -522.52 1.70% 30,183 S&P 500 -66.11 1.71% 3,789 Nasdaq -204.86 1.79% 11,220 Russell 2000 -25.35 1.42% 1,762   Equity Market Recap ·     Volatile action this afternoon as stocks finished at the lows (with big swings in between) as “higher interest rates for longer” was the message delivered by the … Read More

Mid-Morning Look: September 21, 2022

Mid-Morning Look Wednesday, September 21, 2022 Index Up/Down % Last   DJ Industrials 187.09 0.61% 30,893 S&P 500 25.46 0.66% 3,881 Nasdaq 50.91 0.45% 11,475 Russell 2000 9.66 0.54% 1,797     U.S. stocks ticking higher following sharp selling pressure thus far in September (and after a dismal August) with all eyes fixed on the FOMC monetary policy meeting this … Read More

Morning Preview: September 21, 2022

Early Look Wednesday, September 21, 2022 Futures Up/Down % Last Dow 61.00 0.20% 30,862 S&P 500 6.25 0.16% 3,879 Nasdaq -3.50 0.03% 11,918     U.S. futures are steady ahead of the Fed rate decision coming this afternoon, where markets are pricing an 80%+ chance of the FOMC boosting the fed funds rate by 75 basis points and less than … Read More

Market Review: September 20, 2022

Closing Recap Tuesday, September 20, 2022 Index Up/Down % Last DJ Industrials -311.94 1.01% 30,707 S&P 500 -43.81 1.12% 3,856 Nasdaq -109.97 0.95% 11,425 Russell 2000 -25.34 1.40% 1,787   Equity Market Recap ·     U.S. stocks failed to gain traction after yesterday’s gains, pressured most of the day with Treasury yields spiking along with the dollar as the third straight 75-bps … Read More