The S&P 500 ($ Spy) (SPY) has increased today +0.04 %, as the Dow Jones Industries ($ DowI) (DIA) +0.48 % increased, and the NASDAQ 100 ($ IUXX) index (QQQ) decreased by -0.12 %. Futures increased in September (ESU25) +0.03 %, and future NASDAC decreased in September (NQU25) by -0.18 %.
Stock indexes are mixed today because they are awaiting the results of this day for the FOMC meeting for two days, which ends today. The weakness of the chip makers weighs the broader market, as NVIDIA has informed more than 2 % after it informed the Financial Times that the electronic space management in China, the Internet monitoring in China, has issued instructions to the country’s largest companies to end the requests for NVIDIA RTX Pro 6000D.
Today, American housing news was weaker than expected and negative for shares. The housing matches in Aug -8.5 % m/m to 1.307 million, i.e. weaker than 1.365 million expectations. Aug’s construction permits, a future building agent, decreased unexpectedly by -3.7 % m/m to the lowest level of 5.25 years at 1.312 million, weaker than the increase expectations to 1.370 million.
Mortgage requests in the United States of America increased +29.7 % a week on September 12, with real estate index in mortgage +2.9 % and summer mortgage index increased by +57.7 %. The average fixed mortgage decreased for 20 years -10 basis points to the lowest level in 11 months at 6.39 % from 6.49 % in the previous week.
The markets expect that the Federal Reserve will reduce the target scope of the Federal Reserve Bank by 25 basis points at the end of the FOMC meeting today. However, the markets will focus on the new quarterly interest rate expectations at the Federal Reserve, or DOT plot, to see if the policy makers’ expectations match the market expectations of a total of 70 basis points in prices by the end of the year.
The markets this week will continue to focus on any new or tariff news. Later on today, FOMC is expected to reduce the goal of the federal funds by -25 basis to 4.00 % -4.25 % from 4.25 % -4.50 %, the Federal Reserve will issue quarterly interest rates, and the Federal Reserve Chairman will connect post -FOC meetings. On Thursday, the weekly initial unemployment claims are expected to decrease by -23,000 to 240,000.
Market pricing with a 100 % chance to reduce a rate of -25 basis points and an opportunity by 7 % to reduce an average -50 basis points at the end of the day from the TUE/Wed FOMC meeting. After reducing the average -25 basis points -25 at today’s meeting, markets deduct an opportunity by 86 % to reduce the average -25 basis points at the next FOC meeting on 28-29 October. Markets are pricing in the average rate of amputation in the federal funds rate at the end of the year to 3.64 % of the current 4.33 % average.
Foreign stock markets today are mixed. Euro Stokes 50 decreased by -0.03 %. The Chinese Shanghai +0.37 % closed. Nikkei’s share in Japan closed 225 by -0.25 %.
Useful interest rates
December 10 of T-Notes (Znz5) today rises +2. The T -Note revenue decreased for 10 years by -1.2 basis points to 4.016 %. T-Notes is slightly higher today on support than the weakest America in America, and construction reports. T -Notes also has the support of expectations that the Federal Reserve will reduce interest rates by at least -at least at the end of the day for the FOMC meeting for two days.
Fears about the independence of the Federal Reserve, negatively affecting T, due to President Trump’s attempt to shoot the ruler who feeds on Cook and Niwi Stephen Miran to hold the position of Federal Reserve Governor while he remains technical in his role in the White House in the Economic House of Economists.
European government revenues are transmitted today. The German Bund return decreased for 10 years -1.9 basis points to 2.674 %. The UK’s doctrine returned for 10 years -2.1 basis points to 4.618 %.
The consumer price index area in the euro area is reviewed to +2.0 % Y/Y from the previous +2.1 % Y/Y. The AUG Basic Consumer Prices Index is left unpopular at +2.3 % Y/Y.
CPI has not changed in the United Kingdom from July on +3.8 % on an annual basis, directly on expectations. Core Core decreased to +3.6 % on an annual basis from +3.8 % Y/Y in July, directly on expectations.
The bares are due to a 2 % opportunity to reduce the interest rate by the European Central Bank at the next policy meeting on October 30.
American engines
NVIDIA (NVDA) has decreased more than -2 % to lead the losers in Nasdaq 100 and Dow Jones Industries after the Vinnashal Times times stated that the electronic space administration in China, which is to monitor the Internet in China, has issued instructions for the country’s largest companies to end NVIDIA RTX Pro 6000D orders. Other chip makers also slide the news, with Intel (INTC), Broadcom (AVGO), ASML Holding NV (ASML) and advanced fine devices (AMD) for more than -1 %.
Manchester United (Manu) decreased more than -4 % after reporting the loss of the fourth quarter and reducing its revenues for 2026.
Dolindo (Doll) decreased more than -4 % after the Hungarian Competition Authority said it had opened an investigation into the company’s practices.
Uber Technologies (Uber) decreased more than -3 % to lead the losers in the S&P 500 index on signs of sale from the inside after SEC showed the CEO of Khosrowshahi 28.6 million dollars from shares last Friday.
Progressive Corp (PGR) decreased more than -1 % after BMO Capital Markets reduced stock marketing marketing from Outperform.
Roivant Sciences Ltd (ROIV) increased more than +12 % after she told her Brepocitinib, which she developed with Priovant treatments to treat dermatitis, faced the initial end point in the experiment of stage 3.
Working Day increased more than +8 % to lead the winners in the S&P 500 and NASDAQ 100 after upgrading the Securities Guggenheim to buy from a neutral with a price of $ 285.
Zillow Group (ZG) increased more than +4 % after Bernstein upgrade the stock to excel in the market performance with the price goal of $ 105.
MASTEC (MTZ) increased by more than +2 % after upgrading Wolfe Research to the stock to excel PEER performance with the price of $ 227.
Visstra Corp (VST) increased more than +1 % after upgrading Daiwa Securities shares to buy from Hold with a $ 250 goal.
Profit reports (9/17/2025)
Cracker Barrel Old Country Store (CBRL), General Mills Inc (GIS).
On the date of publication, Rich Asplund did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com
