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Daily U.S. Market Update
September 22, 2023 at 6:30 p.m. EDT
Michael P. Reinking, CFA
Sr. Market Strategist
Most major US indices fell for the third consecutive week. The negative seasonality that we highlighted coming into August has been playing out. Over that two month window the S&P 500 has fallen nearly 6%. The clouds historically tend tend to linger into early October before lifting in anticipation of the holiday season as we approach November.
This week was all about central banks with over 10 rate decisions. Markets have been on a treadmill where the focus shifts from the labor market data, to inflation data followed by the central bank response. Unfortunately that is a dynamic that is likely to continue for the foreseeable future as central banks take a data dependent approach (calendar of key eco data through year end below).
Low-priced stocks account for the most market volume since February 2021
U.S. equity market intra-day volume by price
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The prime rate is the interest rate that commercial banks charge their most creditworthy customers.
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As the world’s largest stock market where an average 2.4 billion shares exchange hands each day, the NYSE is also powered by a cutting-edge, dynamic technology infrastructure that is unrivaled in the financial markets. Learn more about our innovative trading technology and what it can do for your business.
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Exchange Traded Products
Exchange-traded products are one of the fastest growing investment products in the world, combining the simplicity of stocks with the diversified risk of mutual funds.
Options
Through a dual options market structure, traders and brokers have choice and flexibility that comes from a mixture of electronic trading and open outcry interaction.
NYSE Pillar®
Our new integrated trading technology platform that will enable member firms to connect to all of our equities and options markets using a single specification.
ICE Vox
Get news and insights from ICE.