Pre-Market Briefing on Sept 16: Skyworks Surges 13.55% on Year-End Deal Confirmation — All Eyes on FOMC as PCE Still Runs at 3.3%
The last session was Tuesday, September 15. All three indices closed lower the day before the decision, with the S&P 500 down 0.45% at 7,585.51, the Nasdaq Composite down 0.78% and the Dow Jones Industrial down 0.63%. The pressure came from the bond market: the 10-year Treasury yield touched 5% on Monday, its highest since 2023. Today's stock in focus is Skyworks (SWKS), up 13.55% at $90.00, and what rose was a merger close to the finish line. The $22B combination with Qorvo is in its final stag