Market overview

Daily News Podcast

First Fed Rate Hike in Three Years: Yields at 5% Press a Dow Down for a Third Straight Week as Chip Gear Leads the Nasdaq; AI Trade Stretches Into Grid Power, Earnings, and Pre-IPO Access

September 18, 2026

Illustration for episode: First Fed Rate Hike in Three Years: Yields at 5% Press a Dow Down for a Third Straight Week as Chip Gear Leads the Nasdaq; AI Trade Stretches Into Grid Power, Earnings, and Pre-IPO Access

Lead Story

Why your cell phone bill is getting so expensive — and how that helped convince the Fed to raise rates

Source: Yahoo Finance·Sep 18, 2026 8:17 PM

Bank of America Declares Preferred Stock Dividends Payable in October and November 2026

Source: PR Newswire·Sep 18, 2026 8:15 PM

Prediction: This Much Nvidia (NVDA) Stock Bought Today Could Be Worth $28,560 by 2030

Source: Motley Fool·Sep 18, 2026 8:13 PM

MARKET SIGNAL

Signal of the Day

Market Status: SPX showing consolidation after recent decline from August highs around 7,800. Currently trading at 7,637.76, the index is experiencing a downtrend with lower highs since mid-August.
Recent Price Action: September has been choppy with the index struggling to maintain momentum above 7,700. We've seen a series of failed breakout attempts, with resistance firmly established around 7,750-7,800 zone.
Technical Picture: The market appears to be forming a bottoming pattern after the selloff from 7,798 to 7,551. The most recent candle shows a strong bounce (+85.95 points), suggesting buyers are stepping in at lower levels.
Short-term Outlook: Momentum appears tentatively bullish with the recent bounce, but the index remains in a corrective phase. Expect continued volatility with a slight bias toward recovery.

SPX biasSIDEWAYS

Support7,550 (Sept 16 swing low and recent support zone)

Resistance7,750 (multiple rejection points from Sept 3, Aug 27-28, and recent failed breakouts)

As of Sep 18, 2026

See the SPX chart·All signals