Stocks Deepen Weekly Losses, Treasury Yields Surge

The U.S. dollar hit its highest level since early March

Deputy Editor
Sep 21, 2023 at 4:31 PM
facebook X logo linkedin


Wall Street extended this week's slide, falling as bond yields climbed to multi-year highs following the Fed's decision to keep interest rates unchanged. The U.S. dollar rose alongside Treasury yields, with the dollar index making a "golden cross" and hitting its highest level since March 9 earlier today.

The Dow and Nasdaq both shed triple digits for their worst session since Aug. 24, while the S&P 500 clocked its worst single-session drop since March 22, all three benchmarks' third-straight loss. The VIX also logged its best percentage-point gain since May.

Continue reading for more on today's market, including:

  • Oil stock flashing a surefire signal.
  • End of September brings inflation data barrage.
  • Plus, CrowdStrike's margin outlook; homebuilder's bearish attention; and bad news for Broadcom.

closing summary sep21

nyse nasdaq sep21

5 Things to Know Today

  1. Cisco Systems (CSCO) will acquire cybersecurity software firm Splunk (SPLK) in an all-cash deal worth roughly $28 billion. This marks the company's largest acquisition ever. (CNBC)
  2. Rupert Murdoch is stepping down as chair of Fox Corp. and News Corp. The 92-year-old media mogul will pass the reign to his eldest son, Lachlan.(MarketWatch)
  3. More on this tech firm's improved margin outlook.
  4. Homebuilder stock flagged by options bears.
  5. Put traders blasted this semiconductor stock.

Earnings Sep21

UVOL Sep21

Gold Futures Snap Win Streak After Dollar Surges

Russia added to global supply issues today, saying it will temporarily ban exports of gasoline and diesel. Logging its third consecutive daily loss, oil futures for November delivery shed 0.03 cent, or under 0.1%, to settle at $89.63 per barrel.

The dollar's surge weighed on gold futures, snapping the precious metal's five-day win streak. December-dated gold shed $27.50, or 1.4% -- its largest percentage-point decline since Aug. 1 -- to close at $1,939.60 an ounce on the day.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI