Market Highlights π‘ - 18 September 2024
U.S. stock market reaches historic highs ahead of FOMC decision
πΊπΈ S&P 500: 0.03%
πΊπΈ Nasdaq: 0.21%
πͺπΊ STOXX 600: 0.40%
π―π΅ Nikkei 225: -1.03%
ππ° Hang Seng Index: 1.37%
π¨π³ CSI 300: Market closed
The U.S. stock market closed higher, with the S&P 500 $S&P 500(.SPX)$
The Nikkei 225 fell 1.03%, pressured by concerns over a stronger currency.
The Hang Seng Index rose 1.4%, as investors optimistically bet on a significant rate cut in the U.S. this week.
Upcoming Events:
U.S. core retail sales and industrial production month-on-month will be released on Tuesday.
On Wednesday, data on Japan's year-on-year exports, EU final CPI year-on-year, and core CPI year-on-year will be published.
On Thursday, investors will focus on the U.S. federal funds rate, FOMC economic projections, FOMC statement and unemployment claims.
By the end of the week, we will see the release of Japan's national core CPI year-on-year, Bank of Japan policy rate, monetary policy statement, and China's 1-year and 5-year loan prime rates.
Things to Know Today:
1. Amazon $Amazon.com(AMZN)$
2. Intel $Intel(INTC)$
3. Boeing $Boeing(BA)$
4. Charter Communications wants customers to view its cable and broadband provider in a more positive light. To that end, the company β which is known to customers under the name Spectrum β is rolling out new broadband, cable TV, and mobile bundles and pricing; increasing internet speeds; offering credits for service outages; and promising better reliability for customers.
5. Shares of space technology provider Intuitive Machines $Intuitive Machines(LUNR)$
Key Points:
While investors expect a rate cut on Wednesday, there is disagreement in the market about the potential magnitude of the cut.
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I apologize, but I couldn't find any specific news articles or analytical reports related to Boeing in the supplemental information. However, I can provide you with some general information about Boeing and the recent strike by its factory workers.
Boeing has been facing challenges due to a strike by more than 30,000 factory workers in Washington and Oregon. The strike began last week, and in response, Boeing has implemented several cost-cutting measures. These measures include a hiring freeze, a pause on nonessential staff travel, and a reduction in supplier spending to save money.
Negotiations between Boeing and its largest union are ongoing, with the aim of reaching a labor contract agreement. The negotiations will resume on Wednesday with the presence of federal mediators. Key issues being discussed include wages and pensions.
It is important to note that labor disputes and strikes can have an impact on a company's operations and financial performance. Investors and stakeholders closely monitor these developments as they can influence the company's future prospects.
If you require more specific information or updates on the situation, I recommend checking reliable financial news sources or visiting Boeing's stock quote page for the latest news and updates regarding the company.
Please note that the information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is important to conduct thorough research and seek professional guidance before making any investment decisions.