Stock Market
Market Outlook
The popular stock market averages closed mixed on Friday as weekly options expired. Nevertheless, the Nasdaq Composite again closed at a record high. The interest rate for 10-yr treasury notes closed higher. The prices closed up for gold and crude oil.
The Federal Open Market Committee will end a two-day meeting this coming Wednesday. Wall Street anticipates they will lower their short term interest rate targets by a quarter of a percentage point in response to weakening economic data.
Archer Aviation (ACHR +3.1%) rose following the U.S. transportation secretary's announcement of an Electric Vertical Takeoff and Landing Integration Pilot Program (eIPP) to form partnerships with state and local governments and private companies to develop new frameworks and regulations for enabling safe operations. I own Archer shares.
Adapt or perish, now as ever, is nature's inexorable imperative. - H.G. Wells
The Federal Open Market Committee will end a two-day meeting this coming Wednesday. Wall Street anticipates they will lower their short term interest rate targets by a quarter of a percentage point in response to weakening economic data.
Archer Aviation (ACHR +3.1%) rose following the U.S. transportation secretary's announcement of an Electric Vertical Takeoff and Landing Integration Pilot Program (eIPP) to form partnerships with state and local governments and private companies to develop new frameworks and regulations for enabling safe operations. I own Archer shares.
Adapt or perish, now as ever, is nature's inexorable imperative. - H.G. Wells
