US stock market report September 17 2019
The US stock market closed marginally higher waiting for the FOMC decision today.
“The Fed is almost certain to cut its policy rate by another 25bp at next week’s FOMC meeting to between 1.75% and 2.00%,” Capital Economics wrote in a note Friday. “But rising core inflation, the still-solid incoming activity data and the temporary thaw in the US-China trade war all support our view that the Fed will then skip a meeting, before cutting rates one final time in December.”Yahoo Finance
This is the summary for the US stock market at close on Tuesday September 17, 2019:
- S&P 500: 3,005.70,+7.74(+0.26%)
- Dow 30: 27,110.80,+33.98(+0.13%)
- Nasdaq: 8,186.02,+32.48(+0.40%)
- Russell 2000: 1,578.29,-6.31(-0.40%)
SunPower Corporation (SPWR) was the stock with biggest gains closing at $14.50+$1.56 (+12.06%).
Naspers Limited (NPSNY) was the stock with biggest losses closing at $33.65-$16.38 (-32.74%).
Stock investing – Most active stocks
Chesapeake Energy Corporation (CHK) was among the most active stocks closing at $1.7700-$0.2900 (-14.08%).
U.S. Sectors & Industries Performance
Real Estate was the best performing sector +1.40%, Energy was the worst performing sector -1.52%.
Stock market data
This report is written by Stavros Georgiadis, CFA Equity Research Analyst, Investment Strategist.