US Stock Market Ahead Of Fed Policy: Dow Jones, Nasdaq, S&P 500 Crash; Futures Up On Wednesday, What To Expect
The US stock market continued to be under pressure ahead of the Federal Reserve’s policy on Thursday. Overnight, the Dow Jones and Nasdaq Composite crashed from 200 points to 330 points, while the S&P 500 followed the bearish trend. Meanwhile, on September 16, ahead of the Fed outcome, all US stock futures traded higher as the market widely predicted the largest central bank to deliver their first rate hike in 3 years.
Read MoreLIVE: US Fed Reserve FOMC Meeting Rate Decision Outcome Today: Time, schedule, LIVE streaming, Kevin Warsh announcement
US Fed meeting Live updates: The two-day US Fed meeting concludes today, and anticipation is high that the US Central Bank will raise interest rates for the first time in three years. The 12-member committee will announce its decision at 18:00 GMT or 11:30 PM Indian Standard Time (IST).
Read MoreEnergy Infrastructure Stocks: Time to Touch GRASS
Subscribers to Chart of the Week received this commentary on Sunday, August 17.
The most important statistic I came across last week had nothing to do with stocks. It was a local weather report: Cincinnati’s East Side has gotten more rainfall over the past two months than any two-month span in recorded history.
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Read MoreWarsh likely to side with financial markets over Trump as Fed rate hike expected
WASHINGTON (AP) — Barely four months into the job, Federal Reserve Chair Kevin Warsh is stuck between two strong and opposing forces: Financial markets that anticipate the central bank will raise interest rates, and President Donald Trump, who wants the Fed to cut them or leave them unchanged.
Economists expect that on Wednesday,
Read MoreTSLA Stock Looks ‘Slightly Undervalued’ To This Analyst — But The Roadster Is Barely Part Of The Bull Case
Tesla teased an Oct.1 Roadster reveal featuring possible Cyber-inspired styling and a SpaceX thruster package. The Roadster has faced at least eight delays since its 2017 unveiling, with production potentially not beginning until 2027 or 2028. Morningstar’s valuation rests mainly on Tesla’s AI, robotaxi and humanoid-robot ambitions, not the Roadster. Shares of Tesla, Inc. (TSLA) appear “slightly undervalued,”
Read MoreThe Burst
Alert: Massive Move Coming In Out of Favor Stock
Investment Alert: Buy AirBNB (ABNB) Under $145/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
Sit back. Sip a coffee. This will be a good one.
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Read MoreThe Ivy
Is This The Smartest Stock to Buy?
Smartsheet isn’t a company on the tip of most retail traders tongues but it might be soon. What started out as a spreadsheet with collaborative project management features has grown into a work management software worth $5.7 billion.
Better yet, it’s growing at a rapid rate and is sitting squarely in the middle of a market that is forecast to grow at 13.4% annually through 2026.
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