Stock Market Today

Friday, September 20 2019

Daily Updates

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.

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Markets Commentaries

The Federal Reserve Reduces Interest Rates Once More

Harvey S. Katz, CFA | 09/18/2019

In a widely telegraphed and, therefore, fully expected move, the Federal Reserve Board voted to reduce its federal funds rate target by another 25 basis points this afternoon. That was the second such rate cut in as many meetings and followed a decade in which there had been no reductions--only increases in 2017 and 2018.

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Stocks Highlights

Dow 30 Earnings: The Home Depot Fiscal Second Quarter 2019

Matthew E. Spencer, CFA | 08/20/2019

Shares of The Home Depot rose after the home-improvement retailer released fiscal 2019 second-quarter results.

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