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Stock Market News: September 20, 2019



U.S. shares swung close to record highs as the dust settled around a number of central bank decisions earlier in the week. The S&P 500 fell within 1% of its last record highs and closing highs, each hit on July 26th.

Here are the main market movements as of 11:37 AM ET:

  • S&P 500 (^ GSPC): + 0.06% or 1.88 points

  • Dow (^ DJI): + 0.12 % or 33.84 points

  • Nasdaq (^ IXIC): -0.22% or 18.11 points

  • US Crude oil prices (CL = F): + 0.98% to 58.70 $ 10 per barrel

  • 10-year Treasury yield (^ TNX): -0.1 bps to 1.775%

  • Gold (GC = F): + 0.28% to $ 1.510.40 per ounce

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Investors Expect High-Volume Trading Day As Friday includes simultaneous balancing of the S&P 500, 400, 600 and & nbsp; SOX semiconductor index together with the so-called quadruple witch session or quarterly expiration day for futures and index and stock options. "data-reactid =" 24 "> Investors expect a high volume trading day, with Friday including the simultaneous balancing of the S&P 500, 400, 600 and SOX, as well as the so-called "quadruple wind" session, or the quarterly expiry day of futures and options on indices and stocks.

The collision of these individual major market events has historically led to some of the biggest trading days of the year, with volumes typically increasing significantly at the end of the session.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Friday also means the end of a crowded week for basic central bank decisions, headlined in the US by & nbsp; Federal Reserve Reduction Decision & nbsp; at the end of a second consecutive meeting In the monetary policy statements and subsequent public announcements, the Fed – as well as other central banks, including the Bank of England and Bank of Japan, continues to emphasize the importance of the negative effects on growth resulting from the ongoing trade war with China. " actid = "26"> Friday also marks the end of a packed week for major US central bank decisions on the Federal Reserve's decision to cut interest rates at the end of a second consecutive meeting. In its monetary policy statements and subsequent public comments, the Fed – as well as other central banks, including the Bank of England and the Bank of Japan – continued to highlight the negative effects on growth resulting from the ongoing trade war with China.

But even after largely meeting market expectations for a rate cut in September, the Fed is far from clear until its next October policy-making meeting.

Traders operate on the floor of the New York Stock Exchange (NYSE). (Photo by Spencer Platt / Getty Images)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" This week tested the Fed's ability to absorb & nbsp; market rates, & nbsp; after short-term borrowing rates in the financial system rose above the Federal Reserve's target range , which is now between 1.75% and 2.00%. "data-reactid =" 39 "> The Fed's ability to repay market interest was tested this week after short-term dollar lending rates in the financial system with has risen above the Fed's target range, now set at 1.75% and 2.00%.

While some cite short-term factors – including the timing of corporate tax payments and settlements of newly auctioned US Treasuries – as a reason for the sudden contraction in liquidity, others have suggested that the incident will continue through the week to a more systematic problem as the Fed struggles to enforce its open market political decisions.

Fed chairman Jerome Powell denied this and said during a press conference Wednesday that he was "raising" money market pressure this week "having no effect on the economy or monetary policy stance."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Friday morning, & nbsp; The Federal Reserve of New York has added another $ 75 billion & nbsp; to the financial system at a fourth repo for one repo deal in as many days this week, with another attempt to try to bring levels back within limits. " reactid = "42"> Friday morning, the New York Federal Reserve added another $ 75 billion to the financial system at a fourth repo for one repo deal in as many days this week as another attempt to get its levels back in pa the borders of borders.

Four Fed speakers were asked to make public remarks on Friday, including New York State President John Williams, Fed Vice President Richard Clarida, Boston Federation President Eric Rosengren and Dallas Federal President Robert Robert. -at atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" B & nbsp; CNBC interview Friday Clarida said the Fed's policy definition was guided by a meeting-by-meeting principle. "Data-reactid =" 44 "> In an interview with CNBC Friday, Clarida said the Fed's policymaking was guided by a" meeting by meeting "

" We are not on a pre-set course, "he told Sarah Eisen on CNBC. However, he noted that seven members of the Federal Open Market Committee (FOMC) are expecting another rate cut this year – which was previously telegraphed at the Fed's latest monetary policy point and point update. Clarida is a voting member of this year's FOMC.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Later in the morning, Rosengren & nbsp; – one in two & nbsp; disagree with the Fed's latest tariff cut & nbsp; decision – in a public comment & nbsp; justify its disagreement with says & nbsp; he does not believe the US-China trade dispute has had a "particularly large" impact on the US economy. "Data-reactid =" 46 "> Later in the morning, Rosngren, one of the two dissidents in the latest decision to reduce the Fed's tariff – in public comment justified He disagrees, saying that he does not believe that the US-China trade dispute has had a "particularly large" impact on the US economy.

He added that lower rates would encourage increased leverage in financial markets, with cheap financing leading to "prices for risky assets" to reach "levels that may not be sustainable over time."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – -sm" type = "text" content = " Emily McCormick is a Yahoo Finance reporter. Follow her on Twitter: @emily_mcck "data-reactid =" 71 "> Emily McCormick is a Yahoo Finance reporter. Follow me on Twitter: @emily_mcck

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" Read more from Emily: "data-reactid =" 72 "> Read more from Emily:

<p class =" canvas-atom canvas-text Mb (1.0em ) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Follow Yahoo Finance on Twitter Facebook [19659028] Instagram Flipboard LinkedIn and reddit . "data-reactid =" 79 "> Follow Yahoo Finance on Twitter Facebook Instagram Flipboard LinkedIn [19659045] and reddit [1 9659047].

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Read the lat latest news Yahoo Finance Stock Exchange "data-reactid =" 80 "> Read the latest Yahoo Finance Stock Exchange and Markets news

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