Investing.com – Stocks finished the week little changed, but that might be good news.
September is proving a good month for stocks overall, potentially the best September since 2010.
The was off 0.07%. The was up 0.14%, and the was off 0.22%, with the Index down 0.31%.
The day’s standout among big indexes was the , up 0.33%.
With the close, the averages were near all-time highs. The was off 0.7% from its all-time high, reached in July. with the off 0.66% and the Nasdaq 1.95% away.
Weakness in big tech stocks, including chipmaker Broadcom (NASDAQ:), Apple (NASDAQ:), Intel (NASDAQ:), Microsoft (NASDAQ:) and Amazon.com (NASDAQ:) pulled both Nasdaq indexes modestly lower. And about half the Nasdaq-100 stocks were higher.
Apple (NASDAQ:) regained some ground after challenging a Goldman Sachs assertion that Apple’s pricing plans for its Apple TV+ service could hurt earnings. No, Apple said in a comment sent to CNBC, it won’t affect results at all.
The catalyst that’s helped stocks this month is still in place: a thawing in the trade tensions between the United States and China. The U.S. agreed to delay imposition of new tariffs for two weeks. China said it would buy soybeans and pork products and not impose scheduled tariffs on those U.S. products. Officials from both countries are set to meeting in Washington next month.
But a new question mark will challenge markets next week. Will the Federal Reserve cut interest rates after its two-day meeting? The decision will be announced Wednesday afternoon.
The yield rose to 1.899% on Friday, up from 1.791% on Thursday and an intraday low of 1.452% on Sept. 4. The yield is still down 29% from Dec. 31.
Most analysts expect the Fed to cut its federal funds rate to 1.75% to 2% from 2% to 2.25%. But Investing.com’s put the odds on Friday at 78.5%, down from 90% Thursday and a week ago.
Meanwhile, and slipped on Friday and ended the week lower.
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