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Stock market today commentary September 28 2021

Stock market today commentary

At 1:30 PM ET time today the US stock market is declining, all major stock indexes are falling more than 1% and Nasdaq underperforms. Tech stocks are under selling pressure today. The latest stock market data is:

S&P 500: 4,363.01,-80.10(-1.80%)
Dow 30: 34,358.61,-510.76(-1.46%)
Nasdaq: 14,600.11,-369.86(-2.47%)
Russell 2000: 2,239.33,-41.67(-1.83%)

Stock market data: Yahoo Finance

Yesterday we wrote about the US stock market

The US stock market shows signs of weakness. With oil prices hovering near $75 per barrel inflationary pressures are to be monitored. For manufacturing companies, high oil prices are a negative factor, but also for the majority of companies high oil prices mean extra cost for raw materials, transportation of goods, etc.

The stock market on the internet

What moves stocks today

A mix of worries about the US debt ceiling agreement, rising bond yields, and inflationary concerns. The labor market this Friday will be important to monitor for job growth, that Fed is closely watching at.

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