Market Update: Fri, Sep 27, 2019 | LPL Financial Research

Daily Insights

Range-bound stocks. U.S. stocks are higher this morning, but the S&P 500 Index is poised for its second straight week of losses. The S&P 500 has yet to break out from a 2.5% trading range it has been in since September 5, and there has been modest weakness under the surface as defensive and large cap stocks have outperformed cyclicals and small cap stocks. Continue reading

Market Update: Wed, Sep 25, 2019 | LPL Financial Research

Daily Insights

Stocks fall. The S&P 500 Index broke out of its recent range, falling 0.8% on Tuesday amid negative trade headlines and news that an impeachment inquiry was being considered against President Donald Trump. Before yesterday’s decline, the S&P 500 had stalled at 3,000, closing within 1% of that level for 13 straight trading sessions. Continue reading

Market Update: Tues, Sep 24, 2019 | LPL Financial Research

Daily Insights

Stocks rise on trade optimism. U.S. stocks are higher this morning amid news that face-to-face trade talks between the U.S. and China will begin on October 7. The U.S. and China have been expected to meet in October, but investors have been skeptical of the meeting after China canceled visits to U.S. farms last week. Continue reading

Market Update: Mon, Sep 23, 2019 | LPL Financial Research

Daily Insights

Manufacturing slump deepens. The global manufacturing slump has deepened even further, according to Markit Purchasing Managers’ Index (PMI) September data released today. The most notable detail in the data was Germany’s manufacturing PMI, which unexpectedly fell to 41.4, its lowest level since 2009. Continue reading

Market Update: Thurs, Sep 19, 2019 | LPL Financial Research

Daily Insights

Stocks reversed earlier losses and opened higher. Stocks’ resilience over the past 20 hours after a slightly hawkish set of projections from the Federal Reserve (Fed) is encouraging. Few major drivers this morning are in play, but investors are digesting a number of global central bank actions this morning. Continue reading

Market Update: Wed, Sep 18, 2019 | LPL Financial Research

Daily Insights

Fed decision today. The S&P 500 Index set to open relatively flat ahead of the Federal Reserve (Fed) rate decision. The Fed is expected to announce that it is cutting its policy rate by 25 basis points (0.25%) this afternoon at 2 p.m. ET. After the release of the policy statement, Fed Chair Powell will hold a press conference with Q&A at 2:30 p.m. ET. Continue reading