September 16: Market Summary
Why tomorrow could be volatile…
Here are today’s market moves:
The S&P 500 fell while the Nasdaq climbed higher on Thursday, as retail sales data came in better than expected.
U.S. retail sales rose 0.7% in August, a sign that the economy is recovering despite the spread of Covid.
Tomorrow is “quadruple witching day,” the simultaneous expiration of U.S. options and futures contracts, a market event that sometimes causes volatility.
Some investors believe stocks may be due for a further pullback after climbing throughout 2021.
The crypto market fell on Thursday, with Bitcoin trading just below $48k, as Bitcoin consolidates below the key $50,000 level.
Ray Dalio says if Bitcoin is really successful, regulators will kill it.
Apple launches iPhone 13 with camera, chip, and screen upgrades.
Microsoft announced a new $60 billion share buyback program and raised its quarterly dividend by 11%.