Stock Market Today: Stocks Stay Shaky Amid Fed Uncertainty
The energy sector was a notable decliner as U.S. crude futures slumped to their lowest close of the year.


Stocks continued to sell off Tuesday, with the S&P 500 extending its daily losing streak to four. Amid a relatively bare economic calendar, investors' attention continued to be focused on next week's Federal Reserve meeting. Uncertainty over the central bank's next steps regarding monetary policy is impacting price action, particularly following the recent releases of data showing the U.S. economy remains resilient even in the face of this year's aggressive rate-hiking campaign.
"Market consolidation continues in U.S. equities as investors weigh the odds and impact of future Fed moves against persistent inflation and the threat of recession," says Dan Wantrobski, technical strategist and associate director of research at Janney Montgomery Scott. The market will likely remain choppy-to-higher into year-end, "with more emphasis on the 'choppy' part over the near-term," Wantrobski adds, "as benchmarks like the S&P digest recent gains against a still uncertain macro climate heading into the New Year."
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Looking at today's price action, 10 of the 11 sectors finished in the red. Communication services (-2.9%) suffered the biggest drop on weakness in social media stocks Meta Platforms (META, -6.8%) and Snap (SNAP, -6.7%). Energy (-2.6%) was also a notable decliner as U.S. crude futures plummeted 3.5% to $74.25 per barrel – their lowest settlement of the year.
As for the major indexes, the tech-heavy Nasdaq Composite slumped 2.0% to 11,014, the broader S&P 500 Index fell 1.4% to 3,941, and the blue-chip Dow Jones Industrial Average gave back 1.0% to 33,596.
The Investment Case for Intel Stock
Semiconductor stocks had another miserable session, but one notable name had a less-terrible day than its peers. Intel (INTC) shed 2.0%, which wasn't great, but it was still better than fellow chip stocks Advanced Micro Devices (AMD, -4.6%) and Nvidia (NVDA, -3.8%). This comes after the chipmaker on Monday said it is on track to regain market share it has lost to competitors over the years.
"Whether INTC can catch up on manufacturing remains debatable, but we remain impressed by management's commitment to making the organization far more efficient and cost effective," says UBS Global Research analyst Timothy Arcuri, who has a Neutral (Hold) rating on INTC stock. Arcuri's not alone in his view that Intel remains a "show-me" story, but should investors feel that way too? Read on as we take a closer look at the investment case for Intel stock.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
Stocks at New Highs as Shutdown Drags On: Stock Market Today
The Nasdaq Composite, S&P 500 and Dow Jones Industrial Average all notched new record closes Thursday as tech stocks gained.
-
Government Shutdown Puts IPO Resurgence at Risk
The IPO market has been sizzling in recent months, but the government shutdown threatens to put a short-term halt to public offerings. Here's why.
-
Stocks at New Highs as Shutdown Drags On: Stock Market Today
The Nasdaq Composite, S&P 500 and Dow Jones Industrial Average all notched new record closes Thursday as tech stocks gained.
-
S&P 500 Sees New Highs on Shutdown Day: Stock Market Today
Most of its components were in the red, but the S&P 500 Index still managed to hit a new intraday all-time high.
-
Government Shutdown to Delay Data, Including Key Jobs Report
While government shutdowns typically don't impact stock returns, they can delay the release of key economic data – including the monthly jobs report.
-
Stocks Close September on a High Note: Stock Market Today
A little bit of late risk-on behavior was enough to lift stocks into the green on the last day of September.
-
If You'd Put $1,000 Into Bank of America Stock 20 Years Ago, Here's What You'd Have Today
Bank of America stock has been a massive buy-and-hold bust.
-
Investors Take Stock of Shutdown Talk: Stock Market Today
Whether we'll have a Jobs Friday this week depends on if we have a government shutdown in Washington.
-
If You'd Put $1,000 Into Oracle Stock 20 Years Ago, Here's What You'd Have Today
ORCL Oracle stock has been an outstanding buy-and-hold bet for decades.
-
Dow Adds 300 Points, Ends Losing Streak: Stock Market Today
The Dow, the S&P 500 and the Nasdaq head into the weekend on high notes after posting gains for the first time since Monday.