market wrap 09.16.20

The Dow closed at 28,032.38 – up 36.78

Fed Chair Powell

The Fed signals rates will stay near zero for at least 3 years. Economic turnaround depends on how we control the coronavirus. More fiscal stimulus is likely needed to support jobs and income.

Friday the 18th will see quadruple witching – the quarterly expiration of futures and options on indexes and stocks in U.S. markets.

Gold was little changed – around 1,959.20 an ounce.

WTI increased 5% to 40.18 a barrel.

Published by mikebertelsen

Global market, trade, and financial news. I keep up to date with what I assess is important.

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