AllMarket Update
logoArgusSeptember 25, 2023

Market Update: FDX, VTR

Real Estate, Industrials

Stocks were mixed on Monday morning amid continued interest rate concerns. Investors also looked ahead to new inflation data on Friday, and to a possible government shutdown next week. Hollywood screenwriters reportedly reached a deal with the Alliance of Motion Picture and Television Producers, potentially ending their five-month strike. However, with actors still on strike, the near-term impact on the entertainment industry will be limited. The Dow fell 0.3%, the S&P was flat, and the Nasdaq rose 0.1%. Crude oil fell 1% to $89 per barrel while gold traded near $1936 per ounce.

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