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Market Brief – Monday 9/21/20

Stocks and Treasury yields fell in overnight trading as uncertainty weighed on investor’s minds over the weekend. Stocks continued to fall in early trading, bonds were flat in early trading and the dollar shot higher in early trading.

The Chicago Fed National Activity Index for August showed a continued above-trend expansion of the economy with a print of 0.79. A value of zero indicates the national economy is expanding at its historical rate.

Stocks closed lower but they staged a late-day rally to offset some of the earlier losses. Treasury yields closed lower but sellers pushed yields up from their intra-day lows. The dollar closed higher on the day.