Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

After last week’s smooth ride, this week was a bit bumpier.

Volatility was the primary focus as investors sold expensive shares and watched the Federal Reserve carefully. The Fed’s latest missive on interest rates was seen as a major driver of the week’s returns as the move to increase benchmarks was telegraphed for weeks. However, with data starting to slip – including all the important inflation metrics – investors were starting to think that the Fed wouldn’t raise rates.

Speaking of data, this week saw a plethora of releases. All of which has begun to trend a little lower than previously recorded. This has given rise to the idea that the economy, while still good, isn’t as good as before.

Not helping was the lack of corporate earnings that could have propelled shares higher. With earnings season over, the number of stocks announcing profits was reduced to a trickle.

In the end, the week featured bumpy trading as several catalysts surfaced and traders’ moods ebbed and flowed.

Check out last week’s Market Wrap here.

Monday

Monday saw traders continuing to flee tech shares. Last Friday saw several reports from analysts questioning the sustained rally in technology firms and their overpriced valuations. The selling was swift and spilled over into Monday’s session. With tech’s commanding presence in the main indexes, stocks overall fell on the day. Gains in consumer names weren’t enough to pull up the indexes.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Trade%20war
News

The Market Wrap for September 20: Trade Continues to Ease

With economic data being relatively good and the earnings season pretty much over, traders have...

Dividend Investing Ideas Center

Dividend History of the Consumer Staples Sector

Consumer staples have long been regarded as an essential component of any well diversified...

Premium Volatile%20markets
News

Are We Slipping Into the Abyss? The Markets Think So

Investors are certainly facing an interesting paradox these days.

Economic conditions are some of...