Hi Everyone
The stock market was down on Tuesday, September 26, 2023, with the Dow Jones Industrial Average falling nearly 400 points and the S&P 500 losing 1%. The Nasdaq Composite was down 1.5%.
The stock market is facing a number of challenges, including rising interest rates, the war in Ukraine, and a slowing global economy.
The 10-year Treasury yield climbed 2 basis points to 4.56%, the highest since October 2007.
The Federal Reserve has been raising interest rates in an effort to combat inflation, but this has made it more expensive for businesses to borrow money and invest. This could lead to a slowdown in economic growth and even a recession.
U.S. crude oil prices is going up since the end of june and rose to $90.39 a barrel today. This is nothing to help to bring inflation down.
Here are some of the key news stories that are impacting the stock market today:
The Federal Reserve is expected to continue raising interest rates in an effort to combat inflation. This could lead to a slowdown in economic growth and even a recession.
The war in Ukraine is still ongoing and is causing energy prices to rise and disrupting supply chains. This is leading to higher inflation and slower economic growth around the world.
The Chinese economy is slowing down and there is concern about a possible recession in China. This could have a negative impact on the global economy.
The US housing market is cooling down as mortgage rates rise. This could lead to a decline in home prices and a slowdown in the economy.
It is a good time to build you’re watchlist by screening for stocks that are holding the best right now.
You should look for stocks that have good relative strenght compare to the indices.
Meta is holding well working on a 16% base
Please note that this is my views on the current stock market and stocks mentionned below, all the content of this blog is not financial advise. Please do you’re own due diligence.