News Formal

Stocks Finish Flat After Big Opening Rally, Fed Meeting Looms

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 29 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 53%

Financial Nouvelles

Stocks,Market,Volatility

The stock market ended yesterday's session unchanged after a strong initial surge that faded in the afternoon. Analysts predict implied volatility will likely increase today, potentially leading to lower opening levels ahead of the FOMC meeting. The impact on stocks after the meeting hinges entirely on the Fed's statement.

Stocks finished yesterday's session flat after a big opening move, with the gains vanishing in the afternoon.Of course, where that rally starts, where it goes, and how long it lasts is an entirely separate question. My guess is that implied volatility will likely keep rising this morning, which means stocks may very well start from a lower level heading into the FOMC meeting.

Yesterday, we saw how much the TGA rose yesterday, which was pretty much as expected. This brought reserve balances down, and I’m estimating they are probably around $3.25 trillion right now. That doesn’t necessarily mean the SPX has to fall, but history suggests it does due to the draining of the reserve balance.Yesterday, the Nasdaq 100 100 hit resistance at the trendline and attempted to break out but couldn’t. The Nasdaq 100 is the index that matters because it’s been the leader, unlike the S&P 500 or the Dow, and it’s still 5.5% off its highs.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 450. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock Market Today: US stocks flat as traders brace for Fed's rate decisionStock Market Today: US stocks flat as traders brace for Fed's rate decision
La source: Investingcom - 🏆 450. / 53 Lire la suite »

What to do with REIT stocks as Fed cuts are just around the cornerWhat to do with REIT stocks as Fed cuts are just around the corner
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Which groups of stocks are benefiting from Fed's rate cuts and election?Which groups of stocks are benefiting from Fed's rate cuts and election?
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stocks lose steam as investors zoom in on US jobs, FedStocks lose steam as investors zoom in on US jobs, Fed
La source: Investingcom - 🏆 450. / 53 Lire la suite »

With the Fed ready start cutting rates, what's next for stocks?With the Fed ready start cutting rates, what's next for stocks?
La source: Investingcom - 🏆 450. / 53 Lire la suite »