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Federal Reserve Governor Michelle W. Bowman withheld support for a 50-basis-point interest rate cut during this week&#39;s FOMC meeting.

Fed&#39;s Historic Dissenter Bowman Says Smaller Interest Rate Cut Was Justified: &#39;We Have Not Yet Achieved Our Inflation Goal&#39;

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Apple investors brace for significant shake-up as the quarterly rebalancing of market index funds coincides with a rare triple witching event

Apple Vs. Microsoft: Can A $35B Rebalance Amplify Bullish Momentum?

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Friday was a lackluster session on Wall Street, with major U.S. averages lingering in negative territory at midday trading in New York.

Wall Street Falls On Triple Witching Day, Fed&#39;s Waller Pushes Gold To Fresh Record Highs, FedEx Plummets: What&#39;s Driving Markets Friday?

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Federal Reserve Governor Michelle W. Bowman defended her decision on Friday to withhold support for a 50-basis-point interest rate cut during this week&#8217;s <a href="https://www.benzinga.com/topic/federal-open-market-committee">Federal Open Market Committee&#8217;s meeting</a>.
Instead, Bowman advocated for a more measured approach and was the lone vote for a 25-basis-point reduction, citing the ongoing issue of inflation remaining above the Fed's 2% target.
<h3 class="wp-block-heading">Historic Dissent Breaks Two Decades Of Unanimous Fed Calls </h3>
Bowman's dissent marked a historical moment for Federal Reserve rate moves, as it was the first time since 2005 that a Fed governor openly disagreed with a rate decision, signaling the emergence of a crack within the Fed&#8217;s once-unanimous board. 
Bowman said a more gradual move toward a neutral monetary policy stance would better suit economic conditions.
&#8220;The normalization in labor market conditions is necessary to help bring wage growth down to a pace consistent with 2 percent inflation,&#8221; Bowman said. 
She also stressed that moving too aggressively with rate cuts might signal a &#8220;premature declaration victory&#8221; over inflation, potentially undermining the Fed&#8217;s broader goals.
Bowman cautioned that inflation, particularly core personal consumption expenditures prices, remains too high, as it continues to hover above 2% target. &#8220;We have not yet achieved our inflation goal,&#8221; she said. 
<h3 class="wp-block-heading">Waller&#8217;s Contrasting Optimism On Inflation</h3>
Bowman's remarks, however, contrasted sharply with those of Fed Governor Christopher Waller.
&#8220;Inflation is softening much faster than I thought it was going to,&#8221; Waller told CNBC, adding that he anticipates the August Personal Consumption Expenditures monthly inflation will come in around 0.1%, with the 12-month annualized rate potentially falling below 2%.
Waller's more optimistic outlook on inflation led him to support a 50-basis-point rate cut, believing it was justified given the data. Nonetheless, he noted that if future economic data continues to align with expectations, he would support a 25-basis-point cut, but would be open to deeper cuts if inflation undershot expectations.
<h3 class="wp-block-heading">Market Reactions</h3>
Fed remarks on Friday had little impact on markets, with both the dollar and Treasury yields holding broadly steady. 
The U.S. stock market had a negative session on Friday, with the S&amp;P 500 index, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), down 0.6%. 
Gold prices, as monitored through the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), made fresh all-time highs above $2,600 per ounce.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40962983/wall-street-falls-on-triple-witching-day-feds-waller-pushes-gold-to-fresh-record-highs-fedex-plu">Wall Street Falls On Triple Witching Day, Fed&#8217;s Waller Pushes Gold To Fresh Record Highs, FedEx Plummets: What&#8217;s Driving Markets Friday?</a></li>
</ul>
Image: Pixabay

Fed's Historic Dissenter Bowman Says Smaller Interest Rate Cut Was Justified: 'We Have Not Yet Achieved Our Inflation Goal'

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) investors are bracing for a significant shake-up as the quarterly rebalancing of market index funds coincides with a rare triple witching event, a financial phenomenon that only intensifies market volatility.
<h2 class="wp-block-heading">Busiest Rebalancing In Four Years To Boost Apple </h2>
With $250 billion in stock adjustments underway, the iPhone manufacturer could emerge as one of the biggest beneficiaries. 
A notable shift comes from Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) trimming its stake, increasing the share count used by index providers to determine Apple's weight, pushing the Cupertino, California-based company&#8217;s stock to the top of S&amp;P 500 tracking funds.
<h2 class="wp-block-heading">Apple To Take The Lead Over Microsoft</h2>
Apple&#8217;s market capitalization of $3.48 trillion now surpasses Microsoft Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) $3.26 trillion, positioning the tech titan to be the largest holding in the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
As funds rebalance, a hefty $35 billion worth of Apple shares will need to be bought, which could provide significant support to its stock price. This reshuffling may further amplify the bullish momentum Apple has enjoyed year-to-date, with the stock already up over 24%.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40940715/apple-revenue-growth-just-too-slow-for-investors-to-get-excited-about-analyst-highl">Apple Revenue Growth &#8216;Just Too Slow For Investors To Get Excited About&#8217;: Analyst Highlights Advertising As Future Catalyst</a>
<h2 class="wp-block-heading">Bullish Signals All-Around</h2>
Apple&#8217;s stock chart is radiating strength, signaling continued bullish action.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20134327/Screenshot-2024-09-20-at-11.12.34-PM.png" alt="" class="wp-image-558956" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20134327/Screenshot-2024-09-20-at-11.12.34-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20134327/Screenshot-2024-09-20-at-11.12.34-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
With the stock trading above key moving averages — five, 20 and 50 days — the technical setup strongly favors buyers. The share price of $231.12 sits comfortably above its eight-day SMA of $221.71 and 20-day SMA of $223.84, offering a consistent bullish signal across multiple indicators.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20134329/Screenshot-2024-09-20-at-11.12.51-PM.png" alt="" class="wp-image-558957" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20134329/Screenshot-2024-09-20-at-11.12.51-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20134329/Screenshot-2024-09-20-at-11.12.51-PM-300x218.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The Moving Average Convergence Divergence (MACD) suggests more buying pressure with a positive reading, while the Relative Strength Index (RSI) of 63.00 (and rising) indicates that although Apple is nearing overbought territory, the bullish momentum remains intact.
With the rebalancing aligning with positive technicals, investors are betting that Apple could soar further.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40958207/how-apple-stock-could-gain-from-fridays-s-p-500-rebalancing-what-investors-should-know">How Apple Stock Could Gain From Friday&#8217;s S&amp;P 500 Rebalancing: What Investors Should Know</a></li>
</ul>

News

Philadelphia Fed President Harker Said Fed Has Done A Good Job Navigating Economy

Friday was a lackluster session on Wall Street, with major U.S. averages lingering in negative territory at midday trading in New York. This session coincided with the simultaneous expiration of a large volume of options and futures contracts, commonly referred <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40959748/exclusive-options-expert-warns-of-terrible-week-after-fridays-triple-witching">to as &#8220;triple witching.&#8221;</a>
However, rather than a sharp spike in volatility, stocks edged only slightly lower, failing to trigger a rise in the CBOE Volatility Index (VIX).
Investor sentiment remained defensive, with 10 out of 11 sectors of the S&amp;P 500 falling, while utilities were the only sector to post a positive performance.
Dovish remarks from Federal Reserve Governor Christopher Waller indicated that he expects &#8220;very low&#8221; August Personal Consumption Expenditure (PCE) data. 
Waller also hinted at the possibility of a 25 basis point rate cut in the next meeting or two if the data continues to come in as expected, with a stronger size of cut if the labor market weakens and inflation softens more rapidly.
Waller's comments sent gold surging past $2,600 per ounce, marking new all-time highs.
Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remained stable at $63,000.
<h1 class="wp-block-heading">Friday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg (1-day %)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,015.17</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,700.41</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,771.36</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,237.55</td>
<td> -0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Benzinga Pro </a>data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.5% lower to $567.92.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;edged 0.2% down to $420.43.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.3% to $481.96.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.7% to $222.50.</li>
<li>The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 2.1%. The Industrials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 0.7%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) tumbled 13.6% on dismal quarterly earnings. </li>
<li>Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) also reacted to earnings, falling over 4%. </li>
<li>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) rose over 6%, following the company&#8217;s appointment of Elliot Hill as the new CEO.</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40960886/palantir-dell-to-join-s-p-500-friday-heres-how-tesla-stock-has-performed-since-its-add">Palantir, Dell To Join S&amp;P 500 Friday: Here&#8217;s How Tesla Stock Has Performed Since Its Addition In 2020</a></li>
</ul>
Wall Street illustration created using artificial intelligence via MidJourney.

Wall Street Falls On Triple Witching Day, Fed's Waller Pushes Gold To Fresh Record Highs, FedEx Plummets: What's Driving Markets Friday?

US Secret Service Internal Investigation Reveals Communication Gaps And Lack Of Diligence Before July 13 Trump Shooting; Acting Director Calls For 'Paradigm Shift' And Acknowledges Failure To Provide Clear Guidance To Local Law Enforcement

Macro Notification

Econ #s

General

US Oil Rig Count Unchanged At 488, Down 19 YoY; NatGas Rigs Down 1 To 96; Gulf Of Mexico Rigs Down 1, Texas Up 2, Permian Up 1

Fed's Bowman Says Such An Approach Would Avoid Unnecessarily Stoking Demand; Economy Remains Strong And Labor Market Remains Near Full Employment; My Reading Of Labor Market Data Has Become More Uncertain Because Of Measurement Challenges, Difficulty Assessing Immigration Impact; Respect And Appreciate That Colleagues Preferred To Go With A Larger Reduction, Remain Committed To Working With Them To Ensure Policy Is Appropriately Positioned To Achieve Dual Mandate Goals

Fed's Bowman On Dissent Says Agreed Was Appropriate At This Meeting To Recalibrate Fed Funds Rate Level But Preferred A Smaller First Move; Sees Risk That The Fomc's Larger Policy Action Could Be Interpreted As A Premature Declaration Of Victory On Inflation; We Have Not Yet Achieved Inflation Goal; Believe Moving At A Measured Pace Toward A More Neutral Policy Stance Will Ensure Further Progress Is Made In Returning Inflation To 2% Goal

US Postal Service Will Not Raise Stamp Prices In January

Fed's Waller Says It Could Reverse Again But I Am Much More Confident Inflation On Right Path; We Just Can't Let Inflation Get Too Low

Fed's Waller Says Asked About Risks Ahead, Says Inflation Is Running Softer Than He Thought; A Bit More Concerned On Inflation Running Softer; I Am More Worried About That Than In July; Also Firms Telling Me They Don't Have A Lot Of Pricing Power Now; Wage Inflation Is Coming Down; Inflation Is Potentially On A Lower Path Than We Were Expecting

Biden Says It Is Critical For Congress To Pass Spending Bill

Fed's Waller Says It's Not About We Are Falling Behind; We Are Not Falling Behind The Curve; We Always Make Decisions Not Thinking About Politics; Our Goal Is To Keep Economy Strong, Inflation Down, No Matter Who The President Is

Fed's Waller Says We Do Have Room To Move And That Is What We Are Signaling Through 2025; We See A Lot Of Room To Move Down In Next 6-12 Months; I Would Support Big Rate Cuts If Needed; If Data Comes In Soft On Inflation, Fine With Moving In 50s To Get To Where We Want To Go; We Are Cutting Rates Even Though Economy Is Fine

Fed's Waller Says If Inflation Data Reverses Could Argue For Maybe A Pause; We Could Even Pause, Depending On The Data; We Are Completely Data Dependent At This Point; I Advise People To Get Off Calendar Dates Focus; You Want To Think 6 To 12 Months Out On Rate Outlook; Wide Range Of Views On Longer-Run Neutral Rate

Fed's Waller Says Inflation Is Softening Much Faster Than I Thought It Was Going To; That Made Me Support 50 Bps Cut; Asked About Pace Of Cuts, Says He Several Scenarios That Will Determine Pace, Will Depend On Data; Could Imagine Going 25 At The Next Meeting Or Two; If Data Comes In Fine, You Could Imagine Going 25 Next Meeting Or Two; But If Labor Market Worsens And Inflation Data Softens Quicker, We Could Do More

Fed's Waller Says In Terms Of 25 Bps Vs 50 Bps, My Speech Two Weeks Ago Said 25 Bps A Good Idea But Open To 50; Then Inflation Data During Blackout Pushed Me To 50 Bps Cut; Estimate That August PCE Will Be Very Low; Core PCE Is Running Below Our Target On A 4-Month Average Annualized Basis

Fed's Waller Says Asked About 50 Bps Rate Cut, Says Was The Right Number; We Are At Point That Economy Is Strong, We Want To Keep It That Way; 50 Bps Right Policy Action To Do That

Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) will be added to the S&amp;P 500 Index on Friday, as part of a rebalancing that happens<a href="https://www.benzinga.com/news/24/09/40958207/how-apple-stock-could-gain-from-fridays-s-p-500-rebalancing-what-investors-should-know"> once a quarter.</a>
Here's a look at what the addition means and how Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock performed since it joined the index in 2020.
 What Happened: Palantir will be<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40795608/palantirs-s-p-500-journey-rebel-tech-giant-transforms-into-frankenstein-monster-powere"> added to the S&amp;P 500 Index </a>for the first time as part of the rebalancing, while this will be a homecoming for Dell, which was previously a member.
Being a part of the S&amp;P 500 Index can be a great thing for stocks and their investors as it means that the company gets more notoriety and is also tracked by the many ETFs that track the index such as the popular SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
Stocks that are added to the S&amp;P 500 Index don't always experience jumps in their share price in the short or long term. In fact, many stocks see a run-up in their share price when it is announced they are going to be added before falling after the addition takes place.
One of the biggest S&amp;P 500 moves of all time was the decision to include Tesla in the index. The move came as the company turned profitable and had met other requirements to be included.
Tesla<a href="https://www.benzinga.com/news/20/11/18396238/tesla-will-finally-be-added-to-the-s-p-500"> officially joined </a>the S&amp;P 500 Index on Dec. 21, 2020, with the stock all added at once, a move that came as experts decided if the stock should be added in two tranches due to the stock's size.
At the time Tesla was added to the S&amp;P 500, the stock made up the sixth largest weighting in the index. Tesla is now the 11th largest weighting.
Tesla shares struggled in its<a href="https://www.benzinga.com/general/education/22/12/30189411/heres-how-much-tesla-has-dragged-down-the-s-p-500-since-it-was-added-2-years-ago"> first two years </a>in the S&amp;P 500 with a 46.5% decline, including a more than 60% drop in 2022. The large weighting of Tesla and subsequent stock price drop weighed on the market index's performance along with the ETFs that tracked it.
Investors who bought Tesla the day it was added to the S&amp;P 500 may have done better buying days or months later after the fanfare had faded.
A $1,000 investment in Tesla stock on Dec. 21, 2020, could have bought 4.89 shares based on a split-adjusted price of $222.83. The $1,000 investment would be worth $1,192.77 today based on a price of $243.92 for Tesla at the time of writing. This represents a return of 19.3% over the last nearly four years, as illustrated on the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Benzinga Pro chart </a>below.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1001" height="484" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20105452/Screenshot-182.png" alt="" class="wp-image-558657" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20105452/Screenshot-182.png 1001w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20105452/Screenshot-182-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/20105452/Screenshot-182-768x371.png 768w" sizes="(max-width: 1001px) 100vw, 1001px" /></a></figure>
For comparison, the same $1,000 investment in the SPY, which tracks the S&amp;P 500, could have bought 2.64 shares of the ETF. The $1,000 investment would be worth $1,507.39 today, up 50.7% over the same time period.
Read Also: <a href="https://www.benzinga.com/markets/24/09/40907125/palantir-ceo-offers-radical-take-on-national-security-touch-an-american-and-well-inflict-pain-on-you">Palantir CEO Offers &#8216;Radical&#8217; Take On National Security: &#8216;Touch An American And We&#8217;ll Inflict Pain On You For Generations&#8217;</a>
What's Next: Palantir and Dell are both trading higher year-to-date and saw spikes when it was announced they would be added to the S&amp;P 500 Index. The moves could be short-lived lived and investors should be aware that shares won't just trade higher Friday or Monday because the stocks are now included in the market index.
Freedom Capital Markets Chief Market Strategist Jay Woods shared some recent examples in his weekly <a href="https://jaywoods.substack.com/">newsletter </a>ahead of the S&amp;P 500 rebalance, which traditionally takes place on the third Friday of March, June, September and December. Some additions happen when mergers and acquisitions are completed to replace old members.
<ul>
<li>Lululemon Athletica Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>): Was added in October 2023 and jumped 10% on the news and "faded after three days and inclusion day was a non-event," Woods said.</li>
<li>Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>): Stock was added in December 2023 and moved up 8% before giving gains back two weeks later.</li>
<li>Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>): Stock jumped 27% when the S&amp;P 500 addition was announced and was later up only 10% when shares were added officially in March 2024. Shares have fallen since the stock was added.</li>
</ul>
"So far PLTR has rallied 17.3% since the announcement, while shares of Dell have climbed 12.1%. Expect them to fade into Friday's close but resume their recent trends within a few weeks of the addition into their next earnings cycle," Woods said on Monday.
Woods said some market enthusiasts claim that being added to the S&amp;P 500 Index is a curse, which Tesla and Super Micro may illustrate above.
"Most additions have fared well and resumed their trends and normal activity afterwards."
For Palantir and Dell, time will tell if the addition is a curse or a normal event ahead of more growth for shares.
PLTR, DELL Price Action: Palantir shares traded at $36.25 at the time of writing Friday versus a 52-week trading range of $13.68 to $37.35. Palantir stock is up 122.1% year-to-date.
Dell shares traded at $117.06 at the time of writing Friday versus a 52-week trading range of $63.90 to $179.70. Dell shares are up 57.5% year-to-date.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/05/39011237/exclusive-nvidia-dow-jones-inclusion-a-matter-of-when-will-it-replace-intel">EXCLUSIVE: Nvidia Dow Jones Inclusion &#8216;A Matter Of When&#8217; — Will It Replace Intel?</a></li>
</ul>
Photo: Shutterstock

Markets

DELL

LULU

PLTR

SMCI

TSLA

UBER

Palantir, Dell To Join S&P 500 Friday: Here's How Tesla Stock Has Performed Since Its Addition In 2020

- Reuters Citing Chinese State Media

China, U.S. Held Fifth Meeting Of Economic Working Group In Beijing From Sept 19-20 - Chinese State Media; China Expressed Grave Concerns Over U.S. Tariffs, Restrictions On Investment, Russia-Related Sanctions, 'Suppression And Impact' On Interests Of Chinese Companies

The financial media appear to once again be leading the public astray about the Yield Curve situation.

"Bond Market Yield Curve Returns to Normal"? Signals for Gold, Stocks, Economy

Despite Friday's pullback, it was still a strong week for stocks, with the major indices posting solid gains, particularly the Nasdaq.

US Stocks End Volatile Week Mixed As Fed's Aggressive Rate Cut Fuels Uncertainty Amid Diverging Views

Week Ahead: Did The Fed's Rate Cut Signal A Near-Term Low In U.S. Rates?

The week clearly belonged to the SP500 bulls, although the last three candles – Wednesday's shooting star, Thursday's spinning top and Friday's hanging man – demand caution despite the breakout.

What The Latest CoT Report Tells Us About Who's Buying What

RNP: 6.9% Income Yield And A Bet On Much Lower Interest Rates

The evidence is overwhelming that Fed-driven returns have been a significant factor in the market since at least 1993 when the central bank quietly started its 2% Inflation Target.

You Party, I Party, Chart Party

A culmination of my life's work, explaining exactly how the financial system works.

The State of the Republic (How the Financial System Works)

Stocks chopped around this past week. Liquidity has continued to be an issue, as margin balances fell in August and short sale volume increased.

Big Problems May Lie Ahead For The Stock Market

In this video, I take a closer look at the possible scenarios that next week could present. I also discuss recent economic data.

Weekly Technical Update: S&P 500 - Sunday, Sept. 22

It‘s one more day of digesting not just the 50bp cut catching most off guard, but also about the rate cut path (full dot plot till end of 2025) ahead.

Much Complacency, SPY

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SPDR S&P 500

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SPDR S&P 500 (ARCA:SPY), Quote.Headers.trade-ideas