Market Recap – September 20th
Ahead of the Fed’s interest rate decision today, the indices finished lower with the S&P 500 down 1.13%, the NASDAQ Composite down 0.95%, and the Dow Jones down 1.01%. Some of the biggest headlines came from Ford, whose shares dropped 12.3% after they disclosed an extra $1 billion in costs they didn’t account for from inflation and supply chain issues. Change Healthcare ended quite positively at a 6.4% increase after news that UnitedHealth would not take control of the company.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.