Market Snapshot 19 Sept,23
- 📉 Key focus on Apple's impact on major indices, the energy sector's performance, and UAW's rejection of a pay increase offer.
- 📅 Hesitation in anticipation of the upcoming FOMC meeting, Summary of Economic Projections, and Fed Chair Powell's press conference.
- 📰 Limited economic data with a NAHB Housing Market Index drop.
- 📊 Market is primarily flat in recent trading, with the Russell 2000 lagging.
- 🛢️ Energy complex settles mixed with WTI crude oil falling and natural gas rising.
- 📈 S&P 500 and Nasdaq tied in performance, while Moderna's stock declined due to a co-founder's stock sale.
- 🪙 Gold prices rise, aided by modest declines in yields and the U.S. Dollar Index.
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