Rate of interest minimize optimism pushed the Dow to a fresh record high and fourth-straight achieve on Monday, forward of the Federal Reserve’s September assembly kickoff tomorrow. The S&P 500 additionally moved nearer to all-time highs on its method to a sixth-straight every day pop, whereas the Nasdaq snapped a five-day win streak as chip and tech shares succumbed to a little bit of profit-taking. In the meantime, the Cboe Volatility Index (VIX) noticed its first achieve in a single week.
Proceed studying for extra on at the moment’s market, together with:
- Lennar inventory nabs pre-earnings record high.
- Industry buzz shines gentle on 3 cybersecurity shares.
- Plus, MSTR choices pop; bearish protection for YELP; and what’s boosting this chip inventory.
5 Issues to Know At present
- Amazon.com (AMZN) CEO Andy Jassy needs company staff to be back in the office 5 days per week beginning Jan. 2. (CNBC)
- Chipotle Mexican Grill (CMG) is testing its Autocado prototype, a collaborative robot that may minimize and core avocados, at a California restaurant. (MarketWatch)
- Choices merchants preserve shopping for MicroStrategy stock.
- Yelp stock attracts bearish protection on declining utilization.
- Semiconductor big secures billion-dollar federal grant.
There have been no earnings of notice at the moment.
Gold Hits Report Excessive
Oil costs settled greater on Monday, dismissing disappointing financial knowledge out of China forward of a key rate of interest resolution within the U.S. October-dated West Texas Intermediate (WTI) crude added $1.44, or 2.1%, to settle at $70.09 a barrel.
Gold costs notched one other report excessive earlier due to a weaker U.S. greenback and rate of interest minimize hopes. Gold for December supply was final seen 0.1% decrease at $2,607.80, although.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
