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Stock Market Today

Thursday, September 23 2021

Daily Updates

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.

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Markets Commentaries

A Discussion of the Gross Domestic Product

Harvey S. Katz, CFA | 02/24/2020

The gross domestic product, popularly known as the GDP, is the total value of the output of all goods and services produced by labor and property within the United States.

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Markets Commentaries

GAAP, Items, And Adjusted Earnings - Sometimes a Strange Tale

Value Line Research Department | 02/24/2020

It is axiomatic that a company’s stock’s price is the present value of all future cash flows it is likely to pay out, and that earnings constitute one gage of a company’s economic value. Unfortunately, there is often a lot of smoke between published profits according to generally accepted accounting principles and the real output of a company.

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