Stock Market Today: September 20, 2019
Harvey S. Katz, CFA and Robert Mitkowski | 09/20/2019
Stocks closed down to end the week following unhelpful news on trade negotiations with China. Early in the afternoon, word came that a delegation from the Asian nation cancelled a visit scheduled to farmland in the United States. The market had moved modestly higher by mid-morning on Friday in a bit of a news vacuum, since there was no major economic data scheduled to be released. The impact of the Federal Reserve’s Wednesday decision to lower interest rates was also largely factored into stock prices.