Stocks – The ends of the market are mixed; September Bullish Announcement for Wall Street By Investing.com

Investing.com – Stocks have changed little the day, but that could be good news.

Market performance suggests some confidence. The finish down 0.07%. The increase was 0.14% for his eighth straight win. The decline was 0.22% as the index lost 0.31%. And the losses reduced by the end.

At the same time, September is a good month for all stocks, potentially the best month of September since 2010. The S & P 500 is up 2.77%, the Dow Jones up 3, 1% and Nasdaq of 2.69%.

At closing, the averages were close to all-time highs. The S & P 500 fell 0.68% from its record high of 3,027.98 on July 26th. Dow dropped 0.65% and Nasdaq down 1.95%.

The weakness of large technology stocks, including chip maker Broadcom (NASDAQ :), Apple (NASDAQ :), Intel (NASDAQ :), Microsoft (NASDAQ 🙂 and Amazon.com (NASDAQ :)) pulled the two Nasdaq indices slightly downward. And about half of Nasdaq-100 stocks were higher.

Apple has regained ground after challenging Goldman Sachs' claim that Apple's pricing plans for its Apple (NASDAQ 🙂 TV + service could weigh on the results. No, Apple said in a comment sent to CNBC that it would not affect the results.

But bank stocks have generally had a solid day. JPMorgan Chase (NYSE 🙂 rose nearly 2% to an all-time high of $ 120.40 in 52 weeks. Morgan Stanley (NYSE 🙂 jumped 1.9%. Bank of America (NYSE 🙂 finished up 1.69%. Citigroup (NYSE 🙂 was up 1.57%, and Goldman Sachs (NYSE 🙂 added 0.53%.

The fuel was rising interest rates. The yield climbed to 1.899% on Friday, against 1.791% on Thursday and a low intraday of 1.452% on September 4th. Yield is still down 29% from December 31st.

The catalyst that helped stocks this month is still in place: easing trade tensions between the United States and China. The United States agreed to delay by two weeks the imposition of new tariffs. China said it would buy soybean and pork products without imposing regulated tariffs on these US products. Officials from both countries are scheduled to meet in Washington next month.

But a new question mark will challenge the markets next week. Will the Federal Reserve lower interest rates after two days of meetings? The decision will be announced Wednesday afternoon.

Due to rising interest rates this week, most analysts expect the Fed to lower the federal funds rate to 1.75% to 2% from 2% to 2.25% . But Investing.com placed the probability Friday at 78.5%, against 90% Thursday and a week earlier.

President Donald Trump, worried in part for the 2020 elections, wants the Fed to cut rates substantially, if not to zero.

Meanwhile, slipped Friday and ended the week down.

The week saw the major averages increase by about 1%.

Despite the drop in oil prices, Cimarex Energy (NYSE 🙂 and Pioneer natural resources (NYSE :), as well as Freeport-McMoran & Gold (NYSE 🙂 and DuPont (NYSE :), have been some of the best performers in the S & P 500.

Progressive Insurance Company (NYSE :), Telecommunications Company CenturyLink (NYSE :), trading platform operator MarketAxess Holdings (NASDAQ 🙂 and cigarette maker Altria (NYSE 🙂 were among the weakest stocks in the S & P 500.