Stock Market Today: September 22, 2021
John E. Seibert III | 09/22/2021
In the early part of yesterday’s trading session, stocks were buoyed by stronger-than-expected housing starts and building permits data for August. Too, the early session rebound was likely some bargain hunting for stocks that had been pummeled during Monday’s session. However, these positives were hurt by continued selling throughout much of the trading day. Growing concerns about inflation, the U.S. Federal Reserve’s upcoming monetary policy decision (at 2:00 P.M. (EDT) today), and a potential slowdown in China’s economy caused the markets to fall to near session lows by the close. Overall, the S&P 500 declined four points, and the Dow Jones Industrial Average was down 51 points. However, the NASDAQ eked out a gain of 33 points during the session. Meantime, the futures market, which moved lower yesterday evening after stock prices were mixed during the trading session, is now decidedly in the green this morning, suggesting a strong start to the trading day.