Stock Market News: Most Indices Down, U.S. Dollar Up Awaiting Fed Meeting

Volatility: The VIX was ~flat last week, down -0.05%, ending the week at $20.81.

High Dividend Stocks: These high dividend stocks go ex-dividend this week: Apollo Investment Corp (NASDAQ:AINV), Stonecastle (NASDAQ:BANX), Dynex Capital (NYSE:DX), Gladstone Capital (NASDAQ:GLAD), Gladstone Commercial (NASDAQ:GOOD), Gladstone Investment (NASDAQ:GAIN), LTC Properties (NYSE:LTC), New York Mortgage Trust (NASDAQ:NYMT), OFS Capital (NASDAQ:OFS), Redwood Trust (NYSE:RWT), SLR Investment (NASDAQ:SLRC), SLR Senior Investment (NASDAQ:SUNS), and Pembina Pipeline (NYSE:PBA).

Market Breadth: 9 out of 30 DOW stocks rose this past week, vs. 5 the week previous. 41% of the S&P 500 rose, vs. 16% last week.

FOREX: The US $ rose vs. other major currencies again last week.

Core CPI fell in August, while Retail Sales rose. Both the NY and Philadelphia Mfg. Indexes rose.

Week Ahead Highlights: Investors will get additional readings on the health of the U.S. economy next week with the release of consumer price index figures, retail sales, and a measure of consumer sentiment.

Coming Week’s US Economic Reports: Investors await the Fed’s meeting this week, and will will focus on the Fed’s timeline for tapering asset purchases.

Sectors: Energy sector led this week, with Utilities lagging.

Futures: WTI crude rose .61%, ending at $69.17.

Scroll to Top