Dow hovers near 42K, heads for winning week after Fed rate cut 9/20/24

Stocks are mixed today, but higher for the week following the Fed’s decision to cut rates by a half-percentage point. But today’s big story: Apple’s iPhone 16 going on sale amid some concerns about demand. We’ll track that for you. Plus, shares of Nike are higher after the company announced a change in leadership. We’ll discuss the challenges facing the incoming CEO.  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.