STOCK MARKET WATCH -- Monday, 3 October 2022

[Tansy_Gold]

STOCK MARKET WATCH, Monday, 3 October 2022

Previous SMW:
SMW for 30 September 2022




AT THE CLOSING BELL ON 30 September 2022


Dow Jones 28,725.51 -500.10 (1.71%)
S&P 500 3,585.62 -54.85 (1.51%)
Nasdaq 10,575.62 -161.89 (1.51%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

To understand why the old framework is collapsing, and what that collapse (or even reversal) means, it is necessary to appreciate what shaped it in the first place. The Civil War century of American politics is actually just that – a period extending roughly from 1856 to 1956, during which national political alignments passed through three successive stages of industrial-era partisanship.

Kevin P. Phillips. Mediacracy: American Parties and Politics in the Communications Age. Doubleday & Company, Inc. (c) 1975.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Intel and emerging markets in focus

[DemReadingDU]

2. The Fed to hold emergency meeting today at 11:30

Advanced Notice of a Meeting under Expedited Procedures

It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, October 3, 2022, will be held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th and C Streets, N.W., Washington, D.C. and by audio/video conference call. The following items of official Board business are tentatively scheduled to be considered at that meeting.

https://www.federalreserve.gov/aboutthefed/boardmeetings/20221003closed.htm

[progree]

3. "Review and determination by the Board of Governors of the advance and discount rates to be charged

by the Federal Reserve Banks."

That appears to be official-ese for the infamous Fed Funds Rate that we all watch, and is currently 3.00-3.25%. I thought the next meeting on that was going to be Nov1-2 (how convenient just before the Nov 8 election). Hmm. interesting so soon after their last rate-hiking meeting (Sept 21).

[Tansy_Gold]

4. Looks like it worked!

Huge upswings! Happy days are here again! (For the rich, at least.)