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Stock Market Update September 28

Stock Market Update September 28, The stock market oscillated near the break-even point for much of the day, leaning slightly bullish, before rallying alongside bonds to close higher. Away from equities, the U.S. dollar remained largely unchanged, while fixed-income assets initially softened, particularly at the longer end of the curve. However, a turnaround in oil prices sparked a broad-based bond rally. Gold initially dipped by 1% but managed to recoup half of its losses, while silver edged up. Despite taking a hit yesterday, mining stocks showed marginal fluctuations; they gained some ground as gold prices rebounded. Forex markets were largely stable or slightly down, although consensus on the dollar's strength nudged a bit higher. As mentioned previously, the groundwork appears to be laid for a significant uptick in metal prices, though the exact catalyst remains elusive. What is evident is that market sentiment towards metals is decidedly bearish, possibly hitting an all-time low. This week saw mortgage rates climb to their highest levels in nearly a quarter of a century, putting additional strain on the real estate sector. According to Freddie Mac, the average interest rate on a 30-year fixed mortgage rose from 7.19% to 7.31%, the steepest rate since it averaged 7.42% in mid-December 2000, as per Yahoo Finance.


Live Day Trades in Discord

SPY ETF Chart Live Day Trading September 28
SPY ETF Chart Live Day Trading September 28

SPY ETF Stock Chart September 28 Inverse Head And Shoulders Pattern
SPY ETF Stock Chart September 28 Inverse Head And Shoulders Pattern

SPY ETF Chart Live Day Trading September 28
SPY ETF Chart Live Day Trading September 28

SPY ETF Chart Live Day Trading September 28
SPY ETF Chart Live Day Trading September 28

Stock Market Heat Map September 28
Stock Market Heat Map September 28



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