Inflation is likely to be a major issue next week, when the US Federal Open Markets Committee holds its two-day monetary policy meeting. For the week, fell less than 0.1 percent, the S&P 500 lost 0.6 percent and the NASDAQ shed 0.5 percent. The S&P 500 ended below its 50-day moving average, which in recent history has proven a rather sturdy support level. Of the 11 major sectors in the S&P 500, all but healthcare ended in the red, with materials and utilities suffering the biggest percentage drops. The S&P 500 posted seven new 52-week highs and two new lows; the NASDAQ Composite recorded 67 new highs and 82 new lows.

Source: Taipei Times September 18, 2021 11:15 UTC