Here is a comprehensive 1000+ word report on the top stock market news, stocks to watch, and expected market movement for September 19, 2024:

Daily Stock Market Report: September 19, 2024

Top Stock Market News

1. Federal Reserve Cuts Interest Rates by 50 Basis Points

In a widely anticipated move, the Federal Reserve cut interest rates by 0.5% yesterday, lowering the benchmark federal funds rate to a target range of 4.75%-5%. The central bank cited concerns over slowing economic growth and the lingering impacts of past rate hikes on the economy. In its statement, the Fed signaled that further rate cuts could be on the horizon, depending on incoming economic data.

2. Trade Tensions Escalate as U.S. Imposes New Tariffs on Chinese Imports

Trade tensions between the U.S. and China ratcheted up another notch as the Trump administration announced new tariffs on $200 billion worth of Chinese goods. The 10% tariffs, which took effect today, cover a wide range of consumer products, including electronics, clothing, and toys. China has vowed to retaliate, setting the stage for a potential further escalation of the trade war.

3. Nvidia Unveils Next-Generation Graphic Processing Units (GPUs)

Nvidia (NVDA) made waves in the tech world by unveiling its highly anticipated next-generation GPUs, codenamed "Ampere." The new chips promise significant performance improvements over the current generation, with potential applications in areas such as gaming, artificial intelligence, and data centers. Nvidia's stock soared on the news, with investors betting that the new products will help the company maintain its dominance in the GPU market.

4. Mobileye Files for IPO, Seeking $25 Billion Valuation

Intel's (INTC) self-driving car unit, Mobileye, filed paperwork for an initial public offering (IPO) that could value the company at around $25 billion. The move comes as Intel looks to streamline its business and focus on its core chip-making operations. Mobileye's IPO is expected to be one of the largest tech listings of the year, with strong investor demand anticipated for the company's cutting-edge autonomous driving technology.

5. Sunrun Announces Major Expansion Plans

Sunrun (RUN), one of the leading residential solar companies in the U.S., announced plans to significantly expand its operations over the next five years. The company aims to increase its customer base from 600,000 to 3.5 million households by 2028, capitalizing on the growing demand for renewable energy solutions. Sunrun's stock surged on the news, as investors cheered the company's ambitious growth plans.

Top Stocks to Watch

1. Nvidia (NVDA)

Nvidia's stock is one to watch closely today after the company's unveiling of its next-generation GPUs. The new chips could give Nvidia a significant competitive edge in various high-growth markets, potentially driving further gains for the already high-flying stock.

2. Mobileye (IPO)

While Mobileye has not yet set a date for its IPO, the self-driving car company's public debut is expected to generate significant investor interest. With a potential $25 billion valuation, Mobileye's IPO could be a major event in the tech world, and its stock is likely to be highly sought after by investors betting on the future of autonomous driving.

3. Sunrun (RUN)

Sunrun's ambitious expansion plans have put the company firmly in the spotlight, with investors closely monitoring its ability to execute on its growth strategy. The residential solar market is rapidly expanding, and Sunrun's stock could benefit significantly if the company can capitalize on this trend.

4. FedEx (FDX)

FedEx's stock has been under pressure due to concerns over slowing global trade and the impact of the ongoing trade war between the U.S. and China. With new tariffs taking effect today, investors will be watching closely to see how FedEx's business is impacted and how the company responds.

5. Progyny (PGNY)

Progyny, a company that specializes in fertility benefits for employers, has seen its stock surge in recent months as more companies offer fertility benefits to attract and retain top talent. With the job market remaining tight, Progyny's stock could continue to benefit from this trend.

Stock Market Expected Movement

After yesterday's rate cut by the Federal Reserve, the stock market is expected to open higher today, as investors welcome the central bank's efforts to sustain the economic expansion. However, the escalating trade tensions between the U.S. and China could limit the market's gains, as investors weigh the potential impact of higher tariffs on global growth and corporate earnings.

The technology sector is likely to be in focus, with Nvidia's new GPU announcement and Mobileye's upcoming IPO generating significant investor interest. Additionally, the ongoing shift towards renewable energy could continue to drive gains in the solar and clean energy sectors, with companies like Sunrun potentially benefiting.

Overall, investors should expect continued volatility in the market as they navigate the competing forces of central bank support and trade-related uncertainties. Sector rotation and stock-specific events, such as earnings reports and product launches, will likely be key drivers of individual stock performances in the coming days.

It's important to note that this report is based on the information available at the time of writing and that market conditions can change rapidly. Investors should always conduct their own research and consult with financial advisors before making any investment decisions.