Economy

Tansy_Gold

(18,054 posts) Tue Sep 6, 2022, 03:25 PM Sep 2022

STOCK MARKET WATCH -- Wednesday, 7 September 2022

STOCK MARKET WATCH, Wednesday, 7 September 2022

Previous SMW:
SMW for 6 September 2022

AT THE CLOSING BELL ON 6 September 2022

Dow Jones 31,145.30 -173.14 (0.55%)
S&P 500 3,908.19 -16.07 (0.41%)
Nasdaq 11,544.91 -85.95 (0.74%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:

Gold & Silver:

Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

We are about to sacrifice our civilization for the opportunity of a very small number of people to continue to make enormous amounts of money. We are about to sacrifice the biosphere so that rich people in countries like mine can live in luxury. But it is the sufferings of the many which pay for the luxuries of the few.

Greta Thunberg. No One Is Too Small To Make a Difference. Penguin/Random House. (c) 2019

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

2 replies

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Highlight:

STOCK MARKET WATCH -- Wednesday, 7 September 2022 (Original Post) Tansy_Gold Sep 2022 OP

S&P 500 now just 1.5 percentage pts above the "bear line", down 18.5% from January all-time high progree Sep 2022 #1

ISM non-manufacturing considerably better than expected, raising odds of a 0.75 rate hike progree Sep 2022 #2

progree

(11,463 posts)

1. S&P 500 now just 1.5 percentage pts above the "bear line", down 18.5% from January all-time high

Reply to Tansy_Gold (Original post)

Tue Sep 6, 2022, 03:53 PM

Sep 2022

At its worst of the year so far, June 16 close at 3667, it was 23.6% down, and then it partly recovered to about 10.4% down on August 15, and has been headed down since.

progree

(11,463 posts)

2. ISM non-manufacturing considerably better than expected, raising odds of a 0.75 rate hike

Reply to Tansy_Gold (Original post)

Tue Sep 6, 2022, 04:31 PM

Sep 2022

https://finance.yahoo.com/news/stock-market-news-live-updates-september-6-2022-112216119.html

The Institute for Supply Management reported its non-manufacturing PMI rose to a reading of 56.9 last month from 56.7 in July, the second straight monthly increase ofter a three-month decline.

((55.5% was expected per MarketWatch's Calendar. The Manufacturing PMI came in at 52.8, also beating expectations -Progree)),

Immediately following the results, the CME FedWatch Tool reflected a new high in probability — a 74% chance — that the Federal Reserve will raise interest rates by another 0.75%.

Treasury yields nudged higher as investors await the central bank's next move. The benchmark 10-year note climbed to 3.338%, while the 2-year Treasury note rose to yield 3.499%, its highest level since 2007.

More links:

https://www.marketwatch.com/economy-politics/calendar

https://www.msn.com/en-us/money/markets/ism-non-manufacturing-pmi-unexpectedly-rises-to-56-9-in-august/ar-AA11vl6G

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