Stocktwits Chart Art: September 17, 2024

STOCKTWITS CHART ART: SEPTEMBER 17, 2024
The Stocktwits Summary 📝

The S&P 500 and Dow Jones Industrial Average briefly made new all-time highs today before reversing to the downside to close nearly flat. Defensive areas of the market are selling off after a major rate-cut-driven run, while tech managed to stay nearly flat. 😐

Here’s how the major indexes ended the day:

*The ST Sentiment Score & Message Volume scales range from 0 to 100 (extremely bearish to extremely bullish). More info here.

And here were Stocktwits’ top Trending symbols:

CHART OF THE DAY
Rate Cuts $PAVE The Way For Infrastructure Stocks 🚧

With the U.S. Federal Reserve’s rate cut cycle expected to begin tomorrow and other central banks around the globe already lowering rates, global infrastructure stocks have been hot. 🏗️

Stocktwits user @gpaisa highlighted infrastructure ETF $PAVE, which is pushing back toward the top of its six-month consolidation near all-time highs.

Many investors expect them to remain in play going forward, with tomorrow’s rate cut as a potential catalyst for them to begin their next leg higher. 👍

CarGurus Cruises To New Highs 🚗

Interactive Brokers Breaks To New Highs 🔺

HAPPENING ON STOCKTWITS
The Fed’s First Cut…Live On Stocktwits 🧑‍💻

The Federal Reserve is set to announce its first rate cut of the current cycle. And what better place to listen in and discuss the decision in real time than on Stocktwits? 👀

Join us on the $SPY stream tomorrow at 2:00 pm ET and follow $SPY on your Stocktwits watchlist to be notified when the action starts. Plus, after the Fed’s official stream ends, we’ll livestream Camel Finance’s reaction live on the platform.

This is the event of the week (and month), so make sure you join us and the rest of the Stocktwits community tomorrow at 2 pm ET! 👍