Week InReview: September 22, 2023

Down at the close.

The S&P 500 fell to its lowest since June while 10-year Treasury yields climbed, as the latest reading on the labor market reinforced the case for the Federal Reserve's higher-for-longer policy stance. All of the major US equity benchmarks broke below their 100-day moving averages — seen as a bearish signal by some technical analysts. led a rout in megacaps.

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