Chip Stock May Bounce Off Key Trendline

The Nasdaq was the only gainer today

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Schaeffer's Market Recap
9/21/2021
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Dow Slips Back Below Breakeven as Investors Eye Fed Meeting


By: Fernanda Horner

Volatility tormented Wall Street on Tuesday, with the Dow slipping back into the red in the last hour of trading to settle below breakeven, despite adding more than 300 points at its session highs. The S&P 500 ultimately turned in a loss as well, while the Nasdaq scored a modest win, as investors eyed the Federal Reserve's two-day meeting, which kicked off today and could hint at the central bank's plans to taper bond purchases. Stabilizing Asian markets helped ease investor concern, though real estate developer China Evergrande Group is still expected to default on $83 million worth of interest on Thursday, when payment is due.

Continue reading for more on today's market, including:

  • This semiconductor name is poised to charge even higher.
  • Checking in on Stitch Fix stock ahead of its upcoming report.
  • Plus, unpacking Johnson & Johnson's booster shot update; UBER pops on adjusted forecast; and why BIG attracted a bear note.
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