Overview
Today's U.S. stock market ended mixed with a cautious stance seen among investors due to adverse consumer confidence and upcoming Federal Reserve rate decisions.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
- Tesla's stock hit its highest level in seven months, boosting the Nasdaq index.
- COVID-19 vaccine-related stocks, including Moderna and Pfizer, declined due to news connecting vaccines to child mortality.
- Consumer confidence indicators showed a two consecutive month decline, raising market anxiety.
- Weekly new jobless claims hit a four-year high.
- The potential Federal Reserve rate cut is capturing market attention.
Tomorrow's Economic Indicators
| Time (EST) | Event |
|---|---|
| 10:30 PM | U.S. September Empire State Manufacturing Index to be released |
General Opinion
Experts believe the upcoming Federal Reserve interest rate decision will play a crucial role in shaping future market directions. While inflation remains a pressing concern, it is deemed insufficient to prevent a rate cut. The market eagerly awaits the Federal Reserve's decisions next week.
Tags:
daily stock summary
