DAILY MARKET UPDATE

September 17, 2021

Asia Pacific stock markets were mixed on Friday, with shares of China Evergrande Group continuing to take a beating. European bourses closed lower as global investors continued to weigh the prospect of slowing global economic growth. North American stock markets dipped today as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities. The U.S. Food and Drug Administration [FDA] on Friday rejected a plan to administer booster shots of Pfizer and BioNTech’s Covid-19 vaccine to the general public. Some of the volatility that comes during September is often surrounding so-called quadruple witching, which occurred at the close Friday. This is the expiration of stock index futures, stock index options, stock options, and single-stock futures!

Markets:

* Nikkei +0.58%

* Shanghai Composite +0.19%

* Hang Seng +1.03%

* DAX -1.03%

* FTSE -0.91%

* CAC -0.79%

* DJIA -0.48%

* S&P 500 -0.91%

* Nasdaq -0.91%

* Russell 2000 -0.25%

BSD Global Tech Hedge Fund -0.16%