Stock Market Update September 25, Today's trading session showcased a market that seemed remarkably resilient to external pressures. The day began on a subdued note, with initial weakness observed in the indices. However, a modest rebound into positive territory was seen as the market chose to largely overlook the downward shift in the bond market. By midday, the indices were mostly mixed, hovering close to the flatline. A modest uptick was witnessed in the final half-hour, driving the market to a slightly positive close.
Turning our attention away from equities, the fixed income space was notably weaker, with a more pronounced slide at the long end of the curve. Concurrently, the yen experienced significant weakness, which contributed to a strengthened U.S. dollar. This combination adversely impacted the precious metals sector; silver retreated by 2%, while gold dipped by 0.5%. Mining stocks similarly languished, reflecting the broader sentiment in the metals market.
Today's free premium chart below
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