AllMarket Update
logoArgusSeptember 16, 2020

Market Update: MCK, LEN

Sector(s)
Healthcare, Consumer Cyclical
Summary

Stocks were up slightly on Wednesday morning ahead of the FOMC's policy statement and comments from Fed Chairman Powell. The Commerce Department reported that retail sales rose 0.6% in August, compared to 0.9% in July. Automobile sales rose 0.2% and 4.7% at bars and restaurants. The Dow rose 0.8%, the S&P 0.6%, and the Nasdaq rose 0.1%. Crude oil traded near $40 per barrel, while gold rose $10 to $1976 per ounce.

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