NEW YORK — Wall Street has just recorded another losing week, but beneath the market’s subdued performance, several major American companies are showing technical signals that could attract bargain hunters looking for a potential stock-market rebound.
The S&P 500 slipped 0.1% during the week ending September 18, marking its second consecutive weekly decline. The Dow Jones Industrial Average suffered a sharper 1.7% weekly loss, while the technology-heavy Nasdaq Composite bucked the trend with a 0.7% gain.
Despite the disappointing weekly performance, U.S. stocks recovered slightly during Friday’s trading session. The S&P 500 rose 0.2% to 7,650.50, while the Nasdaq climbed 0.4% to 26,522.55. The Dow fell 0.2% to close at 51,682.64.
The contrasting movements reveal an important development: although the broader market remains under pressure, some technology and semiconductor stocks have continued to attract buyers, while other prominent companies have experienced significant selling.
Among the stocks drawing attention are Boeing, Bank of America and Wynn Resorts, whose recent declines have pushed their relative strength index readings into territory commonly associated with oversold market conditions.
But an oversold stock is not necessarily a bargain. Investors must distinguish between a temporary market sell-off and a decline driven by problems that could take much longer to resolve.
Why Wall Street is under pressure
The latest sell-off follows a significant shift in U.S. monetary policy. On September 16, the Federal Reserve raised its benchmark interest-rate target by 25 basis points to 3.75%–4.00%, its first increase since 2023. The central bank said inflation remained elevated despite continued economic expansion and resilient consumer spending.
Federal Reserve issues FOMC statement
The decision coincided with a sharp rise in U.S. government bond yields. By Friday, the benchmark 10-year Treasury yield had climbed above 5%, increasing pressure on equities as investors reassessed borrowing costs and the relative attractiveness of stocks versus bonds.
Energy prices have added another complication. Reuters reported that crude oil remained above $100 a barrel at the end of the week, keeping inflation concerns in focus even as prices retreated from earlier highs.
For companies that depend on financing, consumer spending or major capital investments, the combination of elevated interest rates and higher energy costs presents an additional challenge.
The question for investors is whether these pressures have already been reflected in stock prices or whether further weakness could follow.
Three oversold stocks attracting attention
RSI: approximately 251. Boeing (BA)
Production delays cloud the aircraft maker’s recovery.
Boeing shares fell more than 5% during the week, pushing the aircraft manufacturer’s 14-day relative strength index into oversold territory, according to a summary of CNBC’s September 19 stock screen.
Boeing’s decline followed comments from Chief Executive Kelly Ortberg, who acknowledged that stabilizing 737 MAX production at 47 aircraft per month was taking longer than anticipated. The company intends to increase output to 52 aircraft monthly after reaching a stable production rate.
Reuters
The latest setback raises questions about the pace of Boeing’s operational and financial recovery. Consistent aircraft production is important for deliveries, customer commitments and cash generation.
A technical rebound could emerge if selling pressure eases, but a sustained recovery would also depend on Boeing demonstrating progress toward its production and delivery goals.
RSI: approximately 28
2. Bank of America (BAC)
A warning about investment banking fees sends shares lower.
Bank of America shares lost approximately 8% during the week, with the stock’s relative strength index falling to around 28, according to the CNBC article summary.
The sell-off followed a warning from Chief Executive Brian Moynihan that third-quarter investment banking fees could decline by at least 10%.
Reuters reported that the bank projected investment banking revenue of $1.6 billion to $1.8 billion, compared with approximately $2 billion in the same quarter of 2025. Moynihan also expected sales and trading revenue to remain roughly unchanged year on year.
Although the bank indicated that its dealmaking pipeline remained solid, the weaker revenue outlook raised concerns about near-term earnings momentum.
A recovery in Bank of America shares would therefore depend on more than an oversold technical reading. Investors will also be assessing actual third-quarter results and management’s outlook for investment banking activity.
RSI: approximately 17
3. Wynn Resorts (WYNN)
Casino operator reaches a 52-week low.
Wynn Resorts registered an RSI of approximately 17, making it the most oversold stock identified in the available summary of CNBC’s screen.
The casino operator ended September 18 at $81.68, down 1.54% for the session. Its shares touched $81.40 during trading, a 52-week low according to market-price data.
Wynn’s unusually low RSI suggests substantial recent selling pressure. However, the indicator does not establish whether the stock has reached its lowest possible price.
Investors assessing the company’s prospects will need to consider its underlying gaming and hospitality performance alongside the possibility of a short-term technical recovery.
What an oversold stock really means
The relative strength index, or RSI, is a technical indicator that measures the speed and magnitude of recent price movements on a scale from zero to 100.
Understanding RSI signals
Oversold territory
Below 30
A stock has experienced relatively strong recent downward price momentum.
Middle range
30–70
Neither the conventional oversold nor overbought threshold has been crossed.
Overbought territory
Above 70
A stock has experienced relatively strong recent upward price momentum.
A reading below 30 can suggest that selling has become unusually intense, raising the possibility of a technical rebound.
But the indicator cannot tell investors when that rebound will occur or whether a company’s underlying problems have been resolved.
Energy stocks tell a different story
While Boeing, Bank of America and Wynn Resorts experienced heavy selling, energy stocks benefited from the strength in oil prices.
Marathon Petroleum gained more than 7% during the week, according to a summary of CNBC’s report. Its RSI reached approximately 87, placing the company well into overbought territory
The contrasting performance highlights how different sectors can react to the same economic environment.
Higher oil prices can support refining and energy-related businesses under certain market conditions, even as they raise operating costs and inflation risks elsewhere in the economy.
An overbought reading, however, does not guarantee an immediate decline, just as an oversold reading does not guarantee a rebound.
What investors will be watching next
Attention now turns to the trading week beginning September 21, when fresh economic data and corporate developments could influence whether Wall Street’s recent weakness continues.
According to Investor’s Business Daily, upcoming U.S. economic releases include purchasing managers’ indexes, weekly unemployment claims, new-home sales, durable-goods orders and consumer sentiment. These reports will provide further information about economic activity, household demand and business investment.
The direction of Treasury yields and energy prices will also remain important. Higher yields can continue to weigh on equity valuations, while sustained oil-price increases could complicate the outlook for inflation and borrowing costs.
For investors examining beaten-down companies, the immediate question is whether technical indicators are signaling temporary selling pressure or whether the recent price declines reflect deeper changes in earnings expectations.
The bottom line: The S&P 500’s second consecutive weekly loss has left several major U.S. stocks trading at oversold levels, but the market has yet to establish whether those signals will translate into lasting recoveries.
Boeing’s production challenges, Bank of America’s weaker investment banking outlook and Wynn Resorts’ recent price decline illustrate why investors must look beyond technical indicators when assessing the possibility of a rebound.
With interest rates elevated and inflation concerns still affecting financial markets, the coming trading sessions will help show whether buyers are prepared to return to these stocks.
