FYI: The broad stock market index was flat . The Dow Jones Industrial Average lost 52 points, or 0.19%, and the technology-heavy Nasdaq Composite climbed 0.07%.
As investors continued to assess the Federal Reserve’s latest outlook on future interest-rate cuts, trade talks between representatives from the U.S. and China were scheduled to start in Washington Thursday ahead of high-level discussions in October.
Health-care and material stocks led the broader S&P 500 higher, with the sectors adding 0.8% and 0.6%, respectively. Tech stocks gained 0.4%.
Shares of Microsoft climbed 1.8% after the software company said it plans to buy back as much as $40 billion in stock and raise its dividend 11%.
Shares of chip makers, which have been caught in the crosshairs of the trade spat, eased from earlier gains, with Advanced Micro Devices and Qualcomm slipping 0.5% and 0.2%, respectively.
Earlier, the Bank of Japan, the Bank of England and the Swiss National Bank all said they would hold interest rates steady. Norway’s central bank opted to raise interest rates instead, pushing them to 1.5% from 1.25%.
Gold prices fell 0.5% after the Fed withheld guidance on future rate cuts, which would likely send the precious metal’s prices higher.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-09-19/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/dow-set-to-edge-lower-as-wall-street-weighs-feds-monetary-policy-path-2019-09-19/printWSJ:
https://www.wsj.com/articles/global-stocks-edge-up-after-fed-move-on-rates-11568879949Bloomberg:
https://www.bloomberg.com/news/articles/2019-09-18/asia-stocks-to-start-mixed-dollar-climbs-on-fed-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/the-big-picture/stock-market-rally-fades-costco-huya-stoneco-microsoft-watch-list/CNBC:
https://www.cnbc.com/2019/09/19/dow-futures-fed-rate-cut.htmlReuters:
https://www.reuters.com/article/us-usa-stocks/microsoft-health-shares-boost-wall-street-sp-500-eyes-record-high-idUSKBN1W41IZU.K:
https://uk.reuters.com/article/uk-britain-stocks/banks-propel-ftse-higher-after-flurry-of-central-bank-meetings-idUKKBN1W40Q1Europe:
https://www.reuters.com/article/us-europe-stocks/bank-rally-leads-european-stocks-higher-idUSKBN1W40Q7Asia:
https://www.cnbc.com/2019/09/19/asia-markets-september-19-federal-reserve-bank-of-japan-currencies.htmlBonds:
https://www.cnbc.com/2019/09/19/us-treasury-yields-lower-after-fed-cuts-rates.htmlCurrencies:
https://www.cnbc.com/2019/09/19/forex-markets-federal-reserve-in-focus.htmlOil
https://www.cnbc.com/2019/09/19/oil-markets-saudi-arabia-oil-output-in-focus.htmlGold:
https://www.cnbc.com/2019/09/19/gold-markets-federal-reserve-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx
