2 Real Estate Stocks to Avoid

The Dow settled flat

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Schaeffer's Market Recap
10/13/2021
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S&P 500, Nasdaq Snap Losing Streaks Following Fed Update


By: Lillian Currens

The S&P 500, and Nasdaq snapped their three-day losing streaks today, erasing midday losses. The Dow traded on both sides of the aisle before closing flat, while the tech-heavy Nasdaq logged a triple digit win as investors sorted through the latest from the Federal Reserve, which released minutes from the Federal Open Market Committee's September meeting this afternoon.

The central bank said it could soon begin gradually tapering its monthly asset-purchase program starting in mid-November. A higher-than-expected jump in the consumer price index (CPI) weighed on stocks for the majority of the day, though an encouraging earnings report from JPMorgan Chase (JPM) offered a possible glimpse into the upcoming earnings season. 

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

  • The 2 housing stocks bulls should avoid right now. 
  • Checking in with Johnson & Johnson stock before earnings. 
  • Plus, the bank stock for bulls; behind FUBO's red-hot rally; and why QCOM jumped today.
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