Jerry Samet
09-17-2025, 06:17 PM
The market had a pretty active session today around the Fed announcement. The major averages opened a bit lower and traded in moderately negative territory early. The major averages traded pretty wildly after the announcement and finished high in their intraday trading ranges but with modest losses. The COMPQ and the NDX fell .33% and .21% respectively. The SPX declined .10%. Volume was higher across the board. This produced a new distribution day on the NASD averages. Leading stocks were mixed on the day, but mostly a bit lower. The leaders index fell .33% on the day but closed high in its trading range on higher and above average volume. The market sold off a bit when the Fed came out with a 25 basis point cut. The market gyrated back and forth after the announcement but ended up closing with moderate losses. The fact that the major averages closed high in their trading ranges is good news. The Fed news came in pretty much as expected and had a small negative effect. The rally continues to be on solid ground and should continue to work its way higher. There will be no update tomorrow or Friday. Jerry