Stocks could hit a record this week, but the move may be short lived

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

S&P 500 Index News

Stock Markets,Investment Strategy,Business News

The broad market S&P 500 index entered the week less than 1% below a record last reached in July.

The S & P 500 is on the verge of something unexpected — especially for September. The broad market index entered the week less than 1% below a record last reached in July. That comes after the benchmark's best weekly performance since November — rising 4%. Traders are also eagerly awaiting the Federal Reserve's next policy decision, due Wednesday. The Fed is expected to cut rates by at least a quarter-percentage point.

"While September started off rocky, it bounced back last week and thus it is essentially flat . Recall that typically the seasonal weakness runs from mid-September through early October, so we are entering that window this week." Krinky isn't the only one on the Street treading carefully with the S & P 500 near record highs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks down after Big Tech pulls S&P 500 and Nasdaq lowerAsian stocks are down after a mixed finish on Wall Street, with the Dow Jones Industrial Average climbing to an all-time high while Big Tech companies pulled the S&P 500 and the Nasdaq composite lower.
Source: ksatnews - 🏆 442. / 53 Read more »

Asian stocks down after Big Tech pulls S&P 500 and Nasdaq lowerAsian stocks are down after a mixed finish on Wall Street, with the Dow Jones Industrial Average climbing to an all-time high while Big Tech companies pulled the S&P 500 and the Nasdaq composite lower. U.S. futures fell. Oil prices eased from their recent highs, which had been driven by heavy fire between Israel and Hezbollah on Sunday.
Source: AP - 🏆 728. / 51 Read more »

Are Gold Stocks Getting Ready to Outshine S&P 500?Stocks Analysis by Gary Tanashian covering: S&P 500, ARCA Gold BUGS. Read Gary Tanashian's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Be careful chasing stocks while the S&P 500 is above 5,500: BCABe careful chasing stocks while the S&P 500 is above 5,500: BCA
Source: Investingcom - 🏆 450. / 53 Read more »