Stocks Close The Week Near Record Highs

Written By Timmy Adami

September 20, 2024

MRKT Matrix - Friday, September 20th

  • Dow rises to close at fresh record, posts winning week after big Fed rate cut (CNBC)

  • Stock Rally Is Like Dot-Com ‘Groundhog Day,’ Stifel’s Bannister Says (Bloomberg)

  • Fed’s Bowman Says Big Rate Cut Could Be Seen as Claiming Victory Too Soon (Bloomberg)

  • Fed’s Waller Says Slowing Inflation Led Him to Support Large Rate Cut (Bloomberg)

  • Dimon Says He’s Skeptical of Soft Landing After Rate Cut (Bloomberg)

  • Qualcomm Approached Intel About a Takeover in Recent Days (WSJ)

  • FedEx quarterly profit disappoints as demand for speedy delivery wanes (CNBC)

  • Apple iPhone 16, Apple Watch Series 10 and AirPods 4 debut around the world (CNBC)

  • Where Are Analysts Most Optimistic on Ratings for S&P 500 Companies Heading Into Q4? (FactSet)

  • WhatsApp Dominates Meta AI Use (The Information)

  • Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI (CNBC)

Timmy Adami
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