--- title: "Stock Market Today: September 18, 2023" description: The U.S. stock market seems poised for a softer opening this morning, as traders brace themselves for a potentially turbulent week. Specifically, investors are awaiting an important policy decision from the Federal Reserve. Further, the UAW (United Auto Workers) strike that is challenging the nation’s auto industry could spread to additional factories with greater impact on the broader economy. At the time we were writing this report, the S&P 500 Index futures were down slightly in pre-market trading. image: https://investor.valueline.com/hubfs/social-suggested-images/iStock_000006488152XSmall-358.jpg --- [![The Value Line Blog](https://investor.valueline.com/hubfs/VL%20Blog%20Images/vl_blog_header.png)](https://investor.valueline.com/blog) [Stock Market Today](https://investor.valueline.com/blog/topic/stock-market-today) # Stock Market Today: September 18, 2023 September 18, 2023 The U.S. stock market seems poised for a softer opening this morning, as traders brace themselves for a potentially turbulent week. Specifically, investors are awaiting an important policy decision from the Federal Reserve. Further, the UAW (United Auto Workers) strike that is challenging the nation’s auto industry could spread to additional factories with greater impact on the broader economy. At the time we were writing this report, the S&P 500 Index futures were down slightly in pre-market trading. In economic news, there are few notable reports slated for this morning. Tomorrow, housing starts and building permits for the month of August will be published. On Wednesday, the main event of the week will take place, when the Federal Open Market Committee (FOMC) wraps up its two-day policy meeting, and weighs in with an interest rate decision. Federal Reserve Chair Jerome Powell will also offer some prepared remarks, and usually conducts a short question and answer session with the financial media. Most investors do not expect that the central bank will lift rates at this juncture. However, they will probably want to see some supportive guidance regarding future policy decisions. On the corporate front, this week should be relatively quiet, with just a handful of notable companies posting results. On Tuesday, we will hear from [Autozone (AZO)](https://research.valueline.com/research#sec=company&sym=AZO), a sizable retailer and distributor of auto parts. On Wednesday, we will receive reports from [FedEx (FDX)](https://research.valueline.com/research#sec=company&sym=FDX), [General Mills (GIS)](https://research.valueline.com/research#sec=company&sym=GIS), and [KB Home (KBH)](https://research.valueline.com/research#sec=company&sym=KBH). Looking ahead, the third quarter will soon be coming to a close. The upcoming earnings season could be pivotal, as many investors have maintained an upbeat outlook for the remainder of 2023. Wall Street may not react too favorably, if profits fall short and management tempers guidance, especially given current equity valuations. From a technical vantage point, the S&P 500 Index has been a bit sluggish lately. The broader average is currently sitting around its 50-day moving average, located near the 4,480 level. This area is widely watched by traders and followers of technical analysis, and as a result, and should be viewed with some importance. From a sector perspective, we have noted some rotation taking place over the past month. Specifically, the energy and basic materials stocks have started to display leadership, possibly reflecting a recent rebound in crude oil prices. The financial stocks have also started to firm up, which is a positive development. Meanwhile, the technology issues have become somewhat less popular with investors. – Adam Rosner *At the time of this article’s writing, the author did not have positions in any of the companies mentioned.* [CLICK HERE](https://investors.valueline.com/) for more information on our services or call 1-800-VALUELINE (1-800-825-8354). Our account managers are available Monday through Friday, 8:00 AM to 6:00 PM Eastern Time. [![Register now for our free One Stock to Buy webinar](https://no-cache.hubspot.com/cta/default/2532383/5a80130b-f0ce-4bd8-acbd-f077f2232ec5.png)](https://cta-redirect.hubspot.com/cta/redirect/2532383/5a80130b-f0ce-4bd8-acbd-f077f2232ec5) ### Popular Posts Search Search Blog ### Topics - [Investing 101 (2)](https://investor.valueline.com/blog/topic/investing-101) - [Market Commentary (37)](https://investor.valueline.com/blog/topic/market-commentary) - [Stock Highlights (390)](https://investor.valueline.com/blog/topic/stock-highlights) - [Stock Market Today (2071)](https://investor.valueline.com/blog/topic/stock-market-today) Copyright 2026 Value Line, Inc. All Rights Reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind. VALUE LINE IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN OR ANY DAMAGES OR LOSSES ARISING FROM ANY USE OF THE INFORMATION CONTAINED HEREIN. This blog is strictly for subscriber's own, non-commercial, internal use. No part of it may be reproduced, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product. Officers, directors, or employees of Value Line, Inc. and its affiliates and subsidiaries, and EULAV Asset Management, may own stocks that are featured in this email. Nothing herein should be construed as an offer to buy or sell securities or to give individual investment advice. Value Line, the Value Line logo, The Most Trusted Name in Investment Research, “Smart research. Smarter investing.”, The Value Line Investment Survey, Timeliness, and Safety are trademarks or registered trademarks of Value Line, Inc. and/or its affiliates in the United States and other countries.